The tax filing deadline is quickly approaching. Working seniors may qualify for the earned income tax credit when they file their 2021 tax returns due on Monday, April 18, 2022. The tax credit assists those with low incomes but was previously only available to those with young children.
Proper estate planning may be necessary to ensure you take full advantage of the current high exemption amounts and do not negatively impact your legacy when the exemption amount decreases. The federal exemption amount will decrease after December 31, 2025.
The state of Maryland recognizes pet trusts if they are set up properly. A pet trust is a legal instrument, funded by assets, that specifies how your pet should be cared for should you die or become disabled.
Back to the basics – what exactly is Medicare and its 4 parts, A, B, C and D? Medicare was established by the federal government as a health insurance program for people age 65 and older. The program does not cover all medical expenses or the cost of long-term care.
Hospice care can be very difficult for families to come to terms with, but can be a beneficial care option for those caring for a terminally ill loved one. The purpose of hospice care is to provide comfort and quality of life for a terminally ill person.
A life estate is an interest in land measured by the duration of a human life. A form of joint ownership, a life estate gives the life tenant ownership rights during his or her lifetime, but when the life tenant dies, the remainder interests goes to a remainderman beneficiary.
Keeping our minds active in our later years has been shown to stave off cognitive decline. Lots of fun games exist to help with this mission. The latest to grow in popularity is Wordle.
Driving in urban parts of Maryland has become increasingly difficult in recent years. With upticks in population leading to more crowded roads and highways, frustration and road rage is rampant.
It’s an unfortunate fact that seniors can be prime targets for financial abuse and scams. Sadly, the elderly are often taken advantage of by strangers — and sometimes even their own family members.
