You might be able to claim your parent as a dependent, take a dependency care tax credit, write off your mom or dad’s medical expenses, or get some combination of these tax breaks.
Posts Tagged: elder care
Fiscal Cliff Deal’s Effect on Long-Term Care
At first glance, the budget agreement includes an important trade-off — the creation of a national long term care commission . . .yet, there are elements in the measure creating this panel that are very troublesome.
What you don’t know about Medicare can cost you
Your status as “inpatient” versus “under observation” while in a hospital can make a world of Medicare difference.
Who’s on First?
Not knowing the language of estate planning can put you in the middle of a not-so-funny situation.
From The New York Times (April 19, 2011) “Guidelines Allow Earlier Definition of Alzheimer’s”
For the first time in 27 years, the definition of Alzheimer’s disease is being recast in new medical guidelines that reflect fast-mounting evidence that it begins ravaging the brain years before the symptoms of dementia.
Will a power of attorney give me the authority I need to cause my unwilling 92-year-old parent to stay in an assisted living facility?
Another “ask the expert” question featured at www.est8planning.com. This one deals with the tough situation of having to override a senior family member’s choices when he she loses the ability to make good decisions.
Are monies received via personal service contracts entered for Medicaid planning purposes subject to self employment tax?
Another “ask the expert” question featured on www.eldercarematters.com. This one relates to personal service contracts used in Medicaid planning.
Is there a legal way to protect any of my elderly parents’ assets and have Medicare/Medicaid pay for extended nursing home care in the event it is necessary?
Here is another featured question from the ElderCareMatters website. It deals with Medicaid qualification.
My parents moved from Missouri to Georgia; do they need new estate planning documents, and does the fact that my father has Alzheimer’s make a difference?
Another ask the expert question featured at www.eldercarematters.com. This one deals with the portability of estate planning documents and capacity to sign documents.
Do you recommend life estates or irrevocable trusts for Medicaid planning purposes?
Here is another of the “ask the expert” questions featured at www.eldercarematters.com.