Unfortunately, no, you don't. Only senior citizens who own the home get a senior tax exemption.
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Unfortunately, no, Medicare does not pay for long term care in a nursing home. Only your own money or if you and she can qualify will Medicaid pay for your wife's nursing home care. Your state is an income cap state, you if your income is too high, regardless of the assets you have, you still may... more
- 120 views
As I always ask "have you done your planning?" If you haven't done yours, then you can't expect your parents to do theirs. Lead by example. Show your mom and dad you Will, Trust and Powers of Attorney for financial and health care matters. Show them you have and are saving for your retirement... more
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First, have you put your own affairs in order? Do you have your Will, Health Care documents, investments, and all. Sometimes, but showing your parent you have made an effort at putting your own affairs in order will help your parent to discuss his own situation. Also, depression can cloud the... more
- 49 views