Medicaid Estate Recovery: Can Medicaid Take Your House?

Family Assets Staff

Medicaid is a health insurance program jointly funded by state and federal governments. As part of the Medicaid program, low-income Americans, including seniors, adults, children, pregnant women, and people with…

6 Common Scams Directed at Seniors

Family Assets Staff

The senior population is vulnerable to scams — the FBI reported that in 2021, people aged 60 and over reported losses of $1.7 billion to the bureau’s Internet Crime Complaint…

What Is an Annuity?

Family Assets Staff

During retirement, you may need multiple financial sources to help pay for living expenses and the cost of senior care services. Among these sources are annuities, which can be powerful…

5 Tips for Finding the Right Elder Law Attorney

Family Assets Staff

Lawyers in the elder law field focus primarily on helping older adults obtain health care and housing and protect their money and families. There is a growing population of people…

Elder Law: What You Need to Know

Family Assets Staff

Elder law is a legal specialty that helps protect people as they age. Seniors must make many important decisions, like where to live, how to protect their assets, access medical…

What’s the Difference Between a 401k and IRA?

Family Assets Staff

The 401(k) and the Individual Retirement Account (IRA) are two of the most prominent retirement savings accounts in the US. They are useful and play critical roles in planning to…

What Is an IRA?

Family Assets Staff

An Individual Retirement Account, also known as an IRA, is a type of brokerage account that allows individuals to save and invest for retirement with a unique tax advantage. An…

About 401(k) Plans

Family Assets Staff

401(k) retirement accounts are a powerful saving tool that can help fund your life in retirement, including the funding of senior care costs. A 401k plan is an employer-sponsored retirement…

Can You Get Paid to Care for Your Parent?

Family Assets Staff

Caring for an older adult loved one can be challenging, especially for those who have to work or care for their children. It can also be financially taxing, as the…

About Life Insurance

Family Assets Staff

Life insurance is a type of insurance that pays a predetermined amount of money to a person’s heirs once the policyholder passes away. There are different types of life insurance…

Guide to Power of Attorney

Family Assets Staff

A power of attorney is a legal document that conveys decision-making authority from the principal (the person the decisions are about) to an agent (who can make the decisions). The…

Tax-Deductible Senior Care Expenses for 2022

Family Assets Staff

Senior care can be expensive and time-consuming, especially if you're the primary caregiver. Luckily, the IRS recognizes this and gives taxpayers ways to offset the cost of senior care through…