Category 'Paying for Eldercare'

Financial Advice for Widows

For women whose spouses die, the grief is often magnified by the stress and uncertainly of legal and financial matters.

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Trust Grows With Age

Trust increases as people age, and the stronger the trust, the more seniors experience greater happiness over time.

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Tax Credit Tips for Seniors and Family Caregivers

If you are a senior receiving care or are caring for an older relative, you may be eligible for additional tax deductions and credits. Examples of elder care tax benefits include claiming a parent, stepparent, father-in-law or mother-in-law as a dependent on your tax return or deducting contributions you made toward your aging relative’s medical expenses.

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After Health Scare, Parents Turn to Adult Children

According to a recent study performed by researchers at the University of Michigan in Ann Arbor, older parents are more likely to turn to their adult children for help after experiencing a major health scare.

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Brain Health for Family Caregivers; Payment Options for In-Home Care

These and other stories are in the May edition of the Caring Right at Home e-newsletter, providing information, advice and support for adult caregiving.

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Better Budgeting for the Sandwich Generation

A 2013 Pew Foundation survey reports that nationwide, at least 15 percent of middle-aged adults are financially supporting both children and aging parents.

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Little-Known Veterans Benefit – Aid and Attendance

Many veterans are unaware of the Aid and Attendance (A&A) monetary benefit.

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Three Ways to Pay for Home Care

Home care costs vary depending on the number of hours of service and the level of care needed. To help you choose how to best pay for your home caregiver needs, consider these three options.

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Dealing with Estates and Inheritances

Too often, families fight over inheritances. The clash may be over heirlooms, land, or money, and these fights erupt when there isn’t a will and even at times when estate-planning measures were put in practice. Sometimes, these conflicts are the last straw for families under stress, and family members may swear that they will never speak to one another again. The best way to reduce and avoid these conflicts is by anticipating these conflicts.

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The Financial Downside of Family Caregiving

Caring at home for an aging loved one is an honorable and rewarding role. Yet, caregiving is not without emotional and physical challenges, and sometimes, deep financial sacrifices.

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