Housing options and the associated costs are among the top priorities for many seniors. Today, more than ever, seniors are opting to enter an independent living facility as an affordable means of maintaining their desired way of life. What Is an Independent Living Facility? An independent living facility is a housing arrangement that caters
Most seniors want to stay at home as long as they can. The little-known Program for All-Inclusive Care of the Elderly (PACE) allows persons to do just that instead of going into a nursing home. Program History PACE’s inception dates to the 1970s when the federal and state governments were developing community-based services for some
Revised annual gift tax and estate tax exclusions for 2024 have been announced by the Internal Revenue Service (IRS). Gift Tax Exclusion for 2024 The federal government taxes gift givers, that is, donors, on their gifts. The recipient of a gift does not owe income tax. But the donor pays a gift tax on that
