My Dad turns 80 next month and his driver’s license is up for renewal.

MyOur family is hoping the RMV doesn’t renew my 80 year old father’s drivers license because we think his driving is dangerous, but he insists on driving. What can we do? In the United States, getting one’s driver’s license is a rite of passage. Access to a car or other vehicle allows great freedom and independence: to go where we wish, do what we wish, and do it on our own schedules. Understandably, when we, or our elderly dependents, are told we can no longer drive, there will be a good deal of resistance and a tough pill to swallow. In Massachusetts, there is not an age at which a driver’s license is automatically revoked. However, beginning at age seventy-five, drivers must renew their license in-person at the Registry of Motor Vehicles [RMV] rather than online. At the RMV, such a driver will have to undergo a vision test, or

VA Policy Change for Older Veterans Seeking Long-term Care

he Veteran’s Administration has announced a policy change that will soon affect all older Veterans and their spouses. This policy change goes into effect on October 18, 2018, and it will make it more difficult to qualify for benefits. Many people aren’t aware that an annual tax-free benefit of up to $26,036 exists for senior Veterans and their spouses. This benefit helps pay for long-term care. The Veteran or spouse must meet certain criteria: Aged 65 or older Served during a period of war Have difficulty performing daily living tasks (such as bathing, dressing, toileting) Meet certain financial requirements Starting on October 18th, the VA will be imposing a three year look-back period on asset transfers and gifts, making it more difficult for many seniors to qualify for these benefits. Any transfers after October 18th will be subject to a penalty period lasting up to five years, during which you

Grandkids off to college? Tips on helping them pay

Posted by Gerald J. Turner – Many grandparents want to help their grandchildren pay for their education. However, the cost of a college education is on the rise, making funding a student’s education a real sacrifice, especially for those moving toward retirement or living on a fixed-income. College financial-aid and student loan regulations are also changing rapidly, and qualifying for need-based financial aid can be tricky. That’s why it is important for students, parents, and grandparents to be on the same page about funding a young person’s college experience. Here’s how to help the student while still getting the most out of need-based aid: 1. Take advantage of a parental 529 savings plan, but make sure it belongs to the parent or student. If you’re thinking about helping a student pay for college, then you have probably heard of a 529 plan. If a 529 belongs to the parent or

The rise of the “Gray Divorce” – Things you should consider

“‘Til death do us part,” says the traditional wedding vows. However, we all know that it isn’t always that simple. More and more people are opting to get divorced at a mature age. In fact, of all of those who went through a divorce in 2009, 1 in 4 individuals was age 50 or older according to a paper written by two sociologists at Bowling Green State University. While the logistics and mechanics of so-called “gray divorce” are legally similar to that of a younger couple, there are usually special factors, most of them money-related, that need to be considered. First is the issue of alimony, sometimes called spousal support. Judges are, for multiple reasons, far more likely to grant alimony to the spouse whose current financial situation and earning potential is the weakest. Another issue is the length time alimony payments must be made. While a younger worker whose

4 easy ways to save more for retirement

Posted by Gerald J. Turner – No adult likes to feel like they can’t take care of themselves. One of the unfortunate truths of growing older is that many of us will not be able to get along without a little help. It’s important to have a well-structured, detailed financial plan in place as you prepare for retirement. One of the most important ways to prepare for retirement is also one of the simplest: save more cash. For many of us, finding more dollars to stash into our savings can be difficult. But by saving a little extra each month, you will be more financially secure as you move toward retirement and beyond. Here are a few simple reminders of ways to step up your savings game: 1. Automate your savings. For many of us, several important expenditures come off the top of our paychecks before we even see it.

OARLawyers

My Dad turns 80 next month and his driver’s license is up for renewal.

VA Policy Change for Older Veterans Seeking Long-term Care

Grandkids off to college? Tips on helping them pay

The rise of the “Gray Divorce” – Things you should consider

4 easy ways to save more for retirement

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© 2024 by Orsi Arone Rothenberg Turner, LLP. All rights reserved.

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OARLawyers

My Dad turns 80 next month and his driver’s license is up for renewal.

VA Policy Change for Older Veterans Seeking Long-term Care

Grandkids off to college? Tips on helping them pay

The rise of the “Gray Divorce” – Things you should consider

4 easy ways to save more for retirement

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How Can We Help?

© 2024 by Orsi Arone Rothenberg Turner, LLP. All rights reserved.

Attorney Marketing by Bardorf Legal Marketing

Have A Question?