The tax plan put forward by the Republican-led House of Representatives would eliminate many current deductions, and getting rid of one of them in particular could deal a serious financial blow to seniors and individuals with disabilities.
Serious problems with the public guardianship system in the United States can lead to elder abuse, according to an in-depth article in TheNew Yorker. Court-appointed guardians can take control of an elderly person’s finances and life and become wealthy while doing so.
A long-term care insurance company recently cancelled the insurance coverage of an elderly woman who accidently wrote the wrong amount on her premium check. The case illustrates the need for policyholders to pay attention to the details.