‘Tis the Season….to Work on Your Taxes

The holidays are over, and instead of greeting cards filling your mailbox, W-2s, K-1s, and 1099s forms are arriving. These signal the beginning of tax season and the time to start gathering all the information needed to send to your accountant. If you tackle the task now, you'll be able to identify what you are missing before the deadline. 

Senior Care: Identifying Symptoms of Mental Disorders

When it comes to dealing with emotional health, seniors are at a disadvantage. Over 20% of adults age 60+ suffer from mental or neurological disorders, the most common of which are dementia and depression.  
While some seniors may have been dealing with mental health issues for years, many will not develop these problems until later in life. Because the stigma surrounding mental illness makes people reluctant to seek help, the issues may go unidentified. This is dangerous, not only because of the risk of suicide but because mental and physical health are inextricably linked. Older adults with longstanding physical health conditions are more likely to become depressed, and untreated depression can negatively affect the outcome of a physical disease.

Do You Have Your Legal Documents in Order?

It’s a good idea to review your legal documents every year to make sure each document is complete and up-to-date.

In previous articles, such as Planning For Life’s Unexpected Turns, we have covered a few cornerstones of estate planning. In this reading, we discuss three essential legal documents—the Health Care Proxy, Power of Attorney, and Will—and the risks we take without them.

If there is one thing to know about your Health Care Proxy, Power of Attorney, and Will, it is that they are the primary way to ensure that your wishes are made a priority in the event of an accident, incapacity, or death.

The Price of Falling

The ability to sustain one’s balance or to have the resilience to get back up relatively unscathed after a fall is something often taken for granted by the young and the healthy. For older individuals, and those with chronic illnesses, a fall is a serious mishap and can greatly impact their subsequent quality of life.

Every year, approximately 1 in 4 Americans over the age of 65 experience a fall, which may or may not land them in the hospital.

Prepare Before the Emergency. Here’s What You Need!

It’s hurricane season. As we brace for these large storms along the coast, other parts of the US are battling the unexpected: wildfires and extreme heat waves in the west. The time to prepare for the unexpected is before it happens. Most don’t anticipate or plan for these types of disasters, but consider the following hypotheticals:

  • Does your mother with Alzheimer's have aides who know what to do if the electricity goes out in her building (like during Superstorm Sandy)?
  • Can your uncle in a wheelchair be easily evacuated in the case of a fire?
  • Is there a plan in place for your aunt who has no air conditioning in the event of a major heatwave?
  • Are there copies of all vital documents for you and each family member and insurance policies somewhere safe?
  • What are the things you want to grab as you evacuate in a flood or fire?


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