Most people know that they should have life insurance but may put off getting it. Deciding what type of policy to purchase can be intimidating. The staff at Elder Care Direction help families and elderly people navigate the complex issues that may be involved with the aging process and can help you to understand more…
When people reach their golden years, some need to have access to more money so that they can supplement their incomes or can help to pay for their long-term care needs. One potential vehicle for giving older adults access to money is a reverse mortgage. This is a type of home equity loan that lets…
If your loved one has named you to serve as a trustee or a successor trustee for his or her trust, it is important for you to understand the duties that you will have. If you are a successor trustee, you won’t have to do anything unless the grantor becomes incapacitated or passes away. If…
When you inherit a house after your loved one has died, you might wonder whether you are able to take the home sale exclusion when you sell it. You are not able to take the exclusion, but you might benefit from the rules for a stepped-up basis for inherited homes. The professionals at Elder Care…
Many people choose to buy life insurance when they are younger. People might purchase life insurance when they have children, get married, and assume other responsibilities. Like younger people, older people also have responsibilities to their spouses, children, and grandchildren. They also might have concerns about estate planning and leaving their families enough money to…
If you have outstanding debts and are receiving Social Security, you might wonder if your creditors are able to garnish your benefits. Whether or not a creditor can garnish your Social Security benefits will depend on the types of debt that you have. The professionals at Elder Care Direction can help you to understand when…
You may be eligible to receive spousal benefits from the Social Security Administration based on your spouse’s or ex-spouse’s retirement benefits. Dependent children may also be eligible for benefits. Elder Care Direction can help you to understand what you might expect from Social Security so that you might maximize your benefits amount. Benefits for your…
People buy life insurance so that they have peace of mind that your loved ones will be provided for if you suddenly die. If you pass away unexpectedly, your named beneficiaries will receive your policy’s benefits. Life insurance is one type of estate planning tool that Elder Care Direction believes is important. Here are the…
Revocable living trusts must be funded to function properly. If you have established a revocable living trust, it is important for you to fund it. Otherwise, your trust will be nothing more than a stack of documents. The professionals at Elder Care Direction can help you to understand how to fund different types of trusts…
After your loved one passes away in Pennsylvania, you might need to get a copy of his or her death certificate for a number of different purposes. Here is some information that Elder Care Direction has compiled to let you know how you can go about getting a death certificate in Pennsylvania. Who can request…