Are you sure you want to exit? Your progress will be lost.
Who are you caring for?
Which best describes their mobility?
How well are they maintaining their hygiene?
How are they managing their medications?
Does their living environment pose any safety concerns?
Fall risks, spoiled food, or other threats to wellbeing
Are they experiencing any memory loss?
Which best describes your loved one's social life?
Acknowledgment of Disclosures and Authorization
By proceeding, I agree that I understand the following disclosures:
I. How We Work in Washington. Based on your preferences, we provide you with information about one or more of our contracted senior living providers ("Participating Communities") and provide your Senior Living Care Information to Participating Communities. The Participating Communities may contact you directly regarding their services. APFM does not endorse or recommend any provider. It is your sole responsibility to select the appropriate care for yourself or your loved one. We work with both you and the Participating Communities in your search. We do not permit our Advisors to have an ownership interest in Participating Communities.
II. How We Are Paid. We do not charge you any fee – we are paid by the Participating Communities. Some Participating Communities pay us a percentage of the first month's standard rate for the rent and care services you select. We invoice these fees after the senior moves in.
III. When We Tour. APFM tours certain Participating Communities in Washington (typically more in metropolitan areas than in rural areas.) During the 12 month period prior to December 31, 2017, we toured 86.2% of Participating Communities with capacity for 20 or more residents.
IV. No Obligation or Commitment. You have no obligation to use or to continue to use our services. Because you pay no fee to us, you will never need to ask for a refund.
V. Complaints. Please contact our Family Feedback Line at (866) 584-7340 or ConsumerFeedback@aplaceformom.com to report any complaint. Consumers have many avenues to address a dispute with any referral service company, including the right to file a complaint with the Attorney General's office at: Consumer Protection Division, 800 5th Avenue, Ste. 2000, Seattle, 98104 or 800-551-4636.
VI. No Waiver of Your Rights. APFM does not (and may not) require or even ask consumers seeking senior housing or care services in Washington State to sign waivers of liability for losses of personal property or injury or to sign waivers of any rights established under law.I agree that: A.I authorize A Place For Mom ("APFM") to collect certain personal and contact detail information, as well as relevant health care information about me or from me about the senior family member or relative I am assisting ("Senior Living Care Information"). B.APFM may provide information to me electronically. My electronic signature on agreements and documents has the same effect as if I signed them in ink. C.APFM may send all communications to me electronically via e-mail or by access to an APFM web site. D.If I want a paper copy, I can print a copy of the Disclosures or download the Disclosures for my records. E.This E-Sign Acknowledgement and Authorization applies to these Disclosures and all future Disclosures related to APFM's services, unless I revoke my authorization. You may revoke this authorization in writing at any time (except where we have already disclosed information before receiving your revocation.) This authorization will expire after one year. F.You consent to APFM's reaching out to you using a phone system than can auto-dial numbers (we miss rotary phones, too!), but this consent is not required to use our service.
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Mostly Independent
Your loved one may not require home care or assisted living services at this time. However, continue to monitor their condition for changes and consider occasional in-home care services for help as needed.
Remember, this assessment is not a substitute for professional advice.
Share a few details and we will match you to trusted home care in your area:
My answer must be jinxed. This is the second time I've lost the entire answer and had to start over.
1. You'll first need to determine (a) the amount of the tax on the bonds and (b) whether this would affect your mother's income to the point that taxes are owed.
Some seniors with limited SS and investments don't even reach the threshold of owing taxes. So if she falls in that category, she can cash the bonds in now if she wants to.
2. If the bonds are retitled in the name of her trust, she'll need to determine if the bonds will be taxed at the compressed rates applicable to trusts.
3. If she does, this article offers information on how to accomplish that:
And if so, that could increase the amount of tax due after her death, assuming that she has a Revocable Living Trust.
4. I did some quick checking and learned something else. Apparently interest due on bonds can be reported annually, so that's something else to be determined, as to whether the bond interest was reported annually.
See the second sentence in the tenth paragraph on this website, which addresses that issue:
HOWEVER, this article addresses savings bonds as a factor of estate taxation; I didn't find an article on savings bonds in trusts, but trusts are subject to compressed rates so that could be a major concern, since the tax due on bonds could, depending on other assets in the trust, increase the amount of taxes due.
For a comparison of individual vs. compressed trust tax rates, see the "Estate and Trusts" table here:
/www3.cbiz/page.asp?pid=11059
6. With all this, it's best to ask an estate planning attorney or tax specialist who's familiar with trusts - not a general CPA but one who actually focuses on trusts. It's a different ball game with trusts b/c of the compression rates.
Whew! I made it through this third time w/o actually losing the text again!
See your Trust advisor. much depends on the structure of the Trust and whether or not mom applies for Medicaid within 5 years. I would not be gifting them off to grandchildren in any way, large gifts also have tax implications. If the grandkids are college age, it would affect student aid.
By proceeding, I agree that I understand the following disclosures:
I. How We Work in Washington.
Based on your preferences, we provide you with information about one or more of our contracted senior living providers ("Participating Communities") and provide your Senior Living Care Information to Participating Communities. The Participating Communities may contact you directly regarding their services.
APFM does not endorse or recommend any provider. It is your sole responsibility to select the appropriate care for yourself or your loved one. We work with both you and the Participating Communities in your search. We do not permit our Advisors to have an ownership interest in Participating Communities.
II. How We Are Paid.
We do not charge you any fee – we are paid by the Participating Communities. Some Participating Communities pay us a percentage of the first month's standard rate for the rent and care services you select. We invoice these fees after the senior moves in.
III. When We Tour.
APFM tours certain Participating Communities in Washington (typically more in metropolitan areas than in rural areas.) During the 12 month period prior to December 31, 2017, we toured 86.2% of Participating Communities with capacity for 20 or more residents.
IV. No Obligation or Commitment.
You have no obligation to use or to continue to use our services. Because you pay no fee to us, you will never need to ask for a refund.
V. Complaints.
Please contact our Family Feedback Line at (866) 584-7340 or ConsumerFeedback@aplaceformom.com to report any complaint. Consumers have many avenues to address a dispute with any referral service company, including the right to file a complaint with the Attorney General's office at: Consumer Protection Division, 800 5th Avenue, Ste. 2000, Seattle, 98104 or 800-551-4636.
VI. No Waiver of Your Rights.
APFM does not (and may not) require or even ask consumers seeking senior housing or care services in Washington State to sign waivers of liability for losses of personal property or injury or to sign waivers of any rights established under law.
I agree that:
A.
I authorize A Place For Mom ("APFM") to collect certain personal and contact detail information, as well as relevant health care information about me or from me about the senior family member or relative I am assisting ("Senior Living Care Information").
B.
APFM may provide information to me electronically. My electronic signature on agreements and documents has the same effect as if I signed them in ink.
C.
APFM may send all communications to me electronically via e-mail or by access to an APFM web site.
D.
If I want a paper copy, I can print a copy of the Disclosures or download the Disclosures for my records.
E.
This E-Sign Acknowledgement and Authorization applies to these Disclosures and all future Disclosures related to APFM's services, unless I revoke my authorization. You may revoke this authorization in writing at any time (except where we have already disclosed information before receiving your revocation.) This authorization will expire after one year.
F.
You consent to APFM's reaching out to you using a phone system than can auto-dial numbers (we miss rotary phones, too!), but this consent is not required to use our service.
1. You'll first need to determine (a) the amount of the tax on the bonds and (b) whether this would affect your mother's income to the point that taxes are owed.
Some seniors with limited SS and investments don't even reach the threshold of owing taxes. So if she falls in that category, she can cash the bonds in now if she wants to.
You can calculate the value of the bonds here:
https://www.treasurydirect.gov/BC/SBCPrice
2. If the bonds are retitled in the name of her trust, she'll need to determine if the bonds will be taxed at the compressed rates applicable to trusts.
3. If she does, this article offers information on how to accomplish that:
https://www.treasurydirect.gov/indiv/planning/plan_estate_trustform.htm
And if so, that could increase the amount of tax due after her death, assuming that she has a Revocable Living Trust.
4. I did some quick checking and learned something else. Apparently interest due on bonds can be reported annually, so that's something else to be determined, as to whether the bond interest was reported annually.
See the second sentence in the tenth paragraph on this website, which addresses that issue:
eldercarelawyer/articles/estates/US-savings-bonds.html
HOWEVER, this article addresses savings bonds as a factor of estate taxation; I didn't find an article on savings bonds in trusts, but trusts are subject to compressed rates so that could be a major concern, since the tax due on bonds could, depending on other assets in the trust, increase the amount of taxes due.
For a comparison of individual vs. compressed trust tax rates, see the "Estate and Trusts" table here:
/www3.cbiz/page.asp?pid=11059
6. With all this, it's best to ask an estate planning attorney or tax specialist who's familiar with trusts - not a general CPA but one who actually focuses on trusts. It's a different ball game with trusts b/c of the compression rates.
Whew! I made it through this third time w/o actually losing the text again!