By: Arthur Cooper
Submitted: 2011-02-07 12:19:17 | Word Count: 664
As the most comprehensive site informing the public about all the multi-faceted aspects of caring for seniors, GeriCareFinder is looking to reach out a helping hand to all those who need information about what is involved and also to provide a place where they can find the services they need.
One of the aspects of senior care that is commonly overlooked until after it has become a problem, is tax help. Seniors have specialized tax needs because they often have to deal with planning their estate. If they do not address this important issue during their life, their children may end up losing everything that the family’s seniors have worked their whole lives for, simply because of the tax laws that affect inheritance and estates.
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GeriCareFinder.com can help seniors living in Maine to find a local advisor who can expertly help them prepare for the future. By clicking on our Advisors for Seniors section, you can search by zip code to find an accountant, tax, estate planning or elder law attorney. This is even more helpful if you live far away from Maine but need to take care of a senior who lives there. Through our tool, you can locate all the advisors you need help from and make appointments with them for the next time you visit Maine, making your visit more productive.
All seniors need to protect their homes and their life savings from being diminished by tax liens. With GeriCareFinder, you will be able to find a professional in your home state or in Maine to help you manage your investment portfolio, including your pensions, Social Security benefits, veteran’s benefits, savings, real estate, IRA’s, 401-K’s and other forms of income. Experts can also help determine whether you need a living will rather than a normal will. This type of resource is badly needed because many seniors or their caretakers don’t normally understand the impact that wills, investments and property can have on health care coverage eligibility.
The most important thing to anyone, especially a senior, is their quality of life. These for-hire professionals understand the laws relevant to seniors and how they affect, for example, all the federal benefits a senior is qualified to receive (such as Veteran’s, Medicare, etc). They will help you get the most beneficial tax advantages and advise you how best to align your finances. In fact, accountants and tax return preparers in Maine who deal primarily with the elderly, need to have greater knowledge about the legal requirements for gifting (to lighten a senior’s tax burden while making sure their assets go the right person), about pension and retirement account payments, and about adequately declaring all the federal benefits a senior might receive, (such as Social Security), and about Maine-specific tax laws.
In other words, if you are a senior or you are in charge of providing care for a senior living in Maine, you need a qualified individual to help you effectively navigate the tax laws that affect people 65 years and older. Pay us a visit at GeriCareFinder.com and see what a great, free resource we can be.
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Click here to read the rest of Tax Help for Seniors. If you enjoyed this article, you also might like our other stories about Senior Care.
