Because COVID-19 exposed to individuals, communities, and governments the fragility and interconnectedness of current elderly caretaking policies, there is more likelihood of certain demands being satisfied.

Many people might recognize mental health as a fairly recent societal topic that specifically plagues the younger generations, but neglect the fact that older adults suffer extensively from mental health concerns as well.

Emotion is such a central part of life that we as humans often take it for granted. From the moment you open your eyes as a baby, you have some sense of happiness or sadness, fear or love. Even animals feel emotion, despite old wives’ tales that like to make it seem like emotion is uniquely human.

You’ve just received a piece of news that leaves you speechless. You wonder if you have heard your doctor correctly, and you might ask them to repeat themselves. Eventually, the truth becomes clear, the world seems to slip away and time suddenly stops. You take a deep breath, release it, and reconcile with the fact that you have been diagnosed with a disease/condition that will likely have severe impacts on the rest of your life.

Managing your money is hard for anyone, especially when you’re no longer working. It becomes an increasing struggle for older adults that retire since many rely on social security benefits and savings. Living on a fixed income can make it challenging to pay ongoing and unforeseen bills.

Considering the various subcategories of expenses and relevant tax regulations, filing taxes can be immensely stressful and confusing. Keeping in mind the digitalization of most filing procedures and platforms, which may make it more difficult for older adults to figure out how their age and social status affect their tax requirements, we’ve listed some tax deductions and benefits applicable to individuals aged 65 and older.

Setting up an estate sale for yourself or others may seem like a large and unfamiliar task, but it can be simple and efficient with a few easy steps.

GRIT trusts are often used by those with a fairly large estate to reduce the size of the tax burden on that estate. Read more about this estate management tool here.