Quoted Articles

When a Medicaid Eligibility Issue Becomes Urgent

The woman, in her early 60s, suffered from dementia and was receiving home care. But her condition was deteriorating and the time for moving her to a nursing home was drawing near.

Her husband was paying the home-care costs out of pocket, but worried that the expense of a nursing home would quickly deplete the $700,000 in joint savings they held outside of qualified retirement accounts. He sought guidance from Carlos Dias, Jr. of Orlando, Fla.-based Excel Tax & Wealth Group, which manages $25 million for 150 clients.

Many unprepared for the needs of aging parents

LAKE MARY, Fla. – Studies show nearly 10-million adults are caring for their aging parents — a number that is sure to increase as the population ages.

Many of these children are being put in positions they were ill prepared for, unaware of mom and dad’s financial standing. Many are finding insufficient funds for what could be the most expensive years of their parent’s lives.