Today TaxMama® wants to talk about getting older. “My mother and I just had such a laugh. One of her friends is over 90 years old and just got her driver’s license renewed for 5 years without restrictions. Well, you don’t have to be 90 years old to start thinking about senior planning…though, these days, […]
Today we hear from Roberta in Virginia who wants to share this story with us. “I have a very close friend who is dying and we need some advice about what to could quickly, to avoid probate on his home, yet give my friend a feeling of security about being able to live in his […]
Today TaxMama hears from Phil in South Carolina who tells us. “I manage my parents’ Trust and hold the Power Of Attorney for their estate. The Trust states that I am to be compensated for these services. Is there a general rule of thumb for compensation for these services?”
Today TaxMama brings up her own concern about the way seniors and those who care for them are not taking care of their tax issues. These are the three issues – deducting medical care and knowing what is deductible; drawing your retirement funds; and having a living trust.