Financial

The Executor’s Assistant

I’m serving as executor for my father’s estate, a role few of us are prepared for until we’re playing it, so I was grateful when the mail brought “The American Bar Association Guide to Wills and Estates” — the fourth edition of a handbook the A.B.A. began publishing in 1995. This is a legal universe,(…)

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Growing Concerns About Reverse Mortgages

In The Times today, a cautionary tale about an increasingly popular income alternative for older people: reverse mortgages. Jessica Silver-Greenberg reports that the very loans that are supposed to help the elderly stay in their homes are instead pushing some out. Reverse mortgages, which allow homeowners 62 and older to borrow money against the value(…)

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The High Cost of Out-of-Pocket Expenses

Joyce Dopkeen/The New York Times The elderly and their families are often shocked by what Medicare does not cover. It comes as a shock to many people, how much they have to spend on medical care for a frail older relative in the last several years of life. A common assumption is that Medicare will(…)

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A Little-Known Benefit for Aging Veterans

Ricardo Arduengo/Associated Press As veterans age, many are unfamiliar with a benefit that can help pay for care at home or in assisted living or a nursing home. Here’s a riddle: When is a government benefit that pays for caregivers, assisted living and a nursing home not a benefit? When hardly any people know they’re(…)

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A Choice of Community Care, in Your Own Home

For 51 years, Catherine Mack has lived in a four-bedroom house in Haddon Township, N.J. Even at age 96, she has no intention of leaving. Joining other older adults at a nearby retirement community doesn’t appeal to her, although the facility is attractive and has a great reputation. “I think in a place like that,(…)

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Drawbacks to Banking Accounts for Seniors

Caveat check writer. The Pew Charitable Trust, as part of a project titled “Still Risky: An Update on the Safety and Transparency of Checking Accounts,” has looked into so-called senior checking accounts at four of the largest United States banks and one large credit union. It determined that simple senior accounts, those most similar to(…)

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In the Hospital, but Not Really a Patient

On Labor Day weekend in 2009, Miriam Nyman, 83, arrived by ambulance at Rhode Island Hospital. She’d fallen, a result of a degenerative brain disorder, and broken her neck. She and her daughter, Tamar Lasky, waited in the emergency room for eight hours until finally, close to midnight, Dr. Lasky needed to go home to(…)

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