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26 Sep

OFFSET NURSING HOME COSTS WITH POSSIBLE TAX BREAKS

Long-term care — including nursing home care — is expensive. Generally, tax issues aren’t top of mind when someone enters a nursing home. But for those who pay the bills, there may be tax breaks that help offset the cost, such as the ability to...

08:00 / Insurance / Legal / Retirement / Taxes
11 Feb

COULD YOU HAVE TO PAY A PARENT’S NURSING HOME COSTS?

People with aging parents may worry about whether they could be held financially responsible for their parents’ nursing home bills if the parents can’t afford to pay them. This article explores filial responsibility laws, which are rarely enforced, and Medicaid’s estate recovery process....

06:00 / Depreciation / Legal / Retirement
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