It is with great honor to announce that Hook Law Center Attorney and Shareholder, Letha Sgritta McDowell, has been elected as a Fellow of the American College of Trust and Estate Counsel (ACTEC) being recognized for her outstanding skill and…
Category: Long-Term Care
Premiums for long-term care insurance can be a tax deduction
Under IRS regulations, taxpayers can deduct a greater amount from their 2017 taxes due to the purchase of long-term care insurance. You can deduct premiums for long-term care insurance policies that are “qualified,” to the degree to which they, in…
Planning for Small Business Owners Is Critically Important
At times we all fall victim to focusing on the present at the expense of planning for the future. Many business owners continually focus on the daily, monthly, quarterly, and annual goals of the business and often do not consider…
Help may be needed in deciding on senior housing
Elderly people who value their independence and are accustomed to living alone are increasingly becoming incapable of doing so. The need for medical attention may prompt some older individuals to consider their options, including moving to a nursing home or…
Learn what government benefits are available to help pay for long-term care
There are a few government programs, including Medicare and Medicaid, that can help pay for long-term care services. Each program has certain regulations concerning which services are covered, your eligibility for benefits, the length of time you can receive benefits,…
How and why seniors should stay socially engaged
Experts believe that in addition to engaging in regular exercise and eating well, social networking can contribute to the health of seniors. As you become advanced in age, changes that occur in the brain can make it challenging for you…
Early retirees may need alternative withdrawal strategies
When withdrawing funds from individual retirement accounts, Roth IRAs and other such accounts, retirees may encounter inconveniences, taxes and penalties. However, proper planning may reduce or even eliminate such costs. There are techniques that retirees should use to withdraw funds…
Understanding the stages of Alzheimer’s
Reportedly, over five million Americans are afflicted with Alzheimer’s. The Alzheimer’s Association has created a checklist of the usual symptoms to help you identify the warning signs. Among these are changes in memory that interfere with daily life, difficulty planning…
Transportation is an often overlooked but crucial aspect of retirement planning
When people engage in retirement planning, they often fail to think about transportation. They do not consider that a time may come when they will no longer be able to drive themselves, and will have to rely on others to…
