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By

David W. Silver

Understanding Assisted Living

There are two main types of “nursing homes” in North Carolina. Skilled Nursing Facilities are nursing homes for people whose health has deteriorated to the point where they require care from a nurse. The other types are Assisted Living Facilities, which offer care to people who are unable to perform some of the activities of...
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Paying for a Nursing Home

While no one wants to end up in a nursing home, none of us are above having a stroke or getting hit by a bus. If you are over the age of 65 and require skilled nursing after a three night hospital stay, Medicare will pay for 20 days of rehabilitation, and most Medicare supplemental...
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Death and Taxes

In addition to the emotional difficulties of losing a loved one, the unfamiliarity of the nuts and bolts of handling the affairs of a deceased person often increases the stress and burden of dealing with a death. However, the tax implications of someone’s death is not nearly as burdensome nor complicated as many people imagine....
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Safeguards Against Elder Financial Abuse

Grandma goes to her banker or investment advisor and asks that $15,000.00 be used from her account to purchase a gift card. The financial professional suspects that grandma is the victim of a scam, but it is grandma’s money, grandma is insisting that this be done now, and she is adamant that no one must...
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Signing Legal Documents in Quarantine

We are all aware of the need to practice social distancing during this COVID-19 crisis, especially for those among us who are elderly, have pre-existing conditions, or otherwise have a higher risk of a severe outcome to the disease. However, there are some situations that make social distancing impossible, such as executing certain legal documents....
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Marriage, Death, Divorce & Your Social Security

While most people have a general idea about their own Social Security benefits, I have found that many are unsure or even unaware of the effect that marriage, divorce and a spouse’s death could potentially have upon a person’s eligibility for social security. A very quick summary of Social Security retirement benefits: To qualify for...
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Avoiding Probate

You may have heard that you should try to avoid probate. While this is generally a good idea, probate isn’t nearly as costly or burdensome in North Carolina as it is in some other states. In any case, it would be easier to avoid probate if you had a good understanding of it. Think of...
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The New SECURE Act & Your IRA

In December 2019, the SECURE Act was added to one of the year-end appropriation bills and was passed by Congress. This act (Setting Every Community Up for Retirement Enhancement) became law effective on January 1, 2020. The Act includes various provisions, but one particular provision will have a significant effect on the estate plans for...
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Changes Coming to VA Aid and Attendance Program

The Veterans Administration (“the VA”) published changes earlier this month to a benefits program commonly referred to as Aid & Attendance (“A&A”). If you are a war-time veteran or a widow(er) of a war-time veteran, you have less than 30 days to take action to potentially preserve some of your hard-earned assets. The VA has...
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Senior Fraud

When asked why he robs banks, Slick Willie Sutton responded: “because that’s where the money is.” This concept may explain why seniors are often targeted by scammer. Since our society has moved away from defined pension plans and towards IRAs, seniors tend to have access to more cash than in previous generations. Access to cash,...
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