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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 aunt and I have 3 bank accounts under our names. I'm not an American citizen but she is an American resident. Once she dies, what do I do? What kind of taxes do I have to pay? This is Florida.
The only taxes you pay on bank accounts, checking and savings, is on the interest you get on the money. This goes for CDs, IRAs. The bank will send a 1099 form in January showing the interest made that year. This interest is filed as income. Since banks aren't giving much in interest the amount won't be much.
Sorry, I reread and I see you are asking if she passes. I think that if both names are on the accounts the money is yours. There are no taxes other than claiming the interest.
I don't have the answer but I'm wondering if the fact that you're not a citizen might have some impact. It wouldn't hurt to e-mail the IRS and pose your question to them. That's what I do when I want a written position from the IRS on some specific issue.
My thought is there's 2 ways to deal with this: - if auntie is still very competent, she closes all her banking and she & you open a single joint new account at a bank that operates in US and the old country. Like HSBC. - otherwise your aunt needs to have you (done just as your name is on your passport) named as the "designated beneficiary" with accounts POD "paid on (her) death" to you. Most banks have a standard POD form. Auntie fills out & signs & it gets attached to her accounts. With a copy sent to you. After her death, you send letter to bank requesting whatever $ left in those accounts to be transferred to you via SWIFT. banks have to be on swift bic system.
Having it with designated benifcary pod is very important!! If it is then the $ passes outside of probate and it not a part of her estate. Otherwise it becomes a part of her estate subject to the terms pf her will and however the probate laws are for the state she died in.
If your aunt has an account in the old country, she might have to also do a IRS FBAR - Form TD F 90-22.1.
If she has dementia or not fluently bilingual, getting these things done easily will be a beast.
Now if after she dies & you decide go in person to get the $, it could actually be stickier than via SWIFT. If account pays + 10k, theres extra paperwork - IRS 8300 & Treasury FinCEN - & probably a waiting period.
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.
- if auntie is still very competent, she closes all her banking and she & you open a single joint new account at a bank that operates in US and the old country. Like HSBC.
- otherwise your aunt needs to have you (done just as your name is on your passport) named as the "designated beneficiary" with accounts POD "paid on (her) death" to you. Most banks have a standard POD form. Auntie fills out & signs & it gets attached to her accounts. With a copy sent to you. After her death, you send letter to bank requesting whatever $ left in those accounts to be transferred to you via SWIFT. banks have to be on swift bic system.
Having it with designated benifcary pod is very important!! If it is then the $ passes outside of probate and it not a part of her estate. Otherwise it becomes a part of her estate subject to the terms pf her will and however the probate laws are for the state she died in.
If your aunt has an account in the old country, she might have to also do a IRS FBAR - Form TD F 90-22.1.
If she has dementia or not fluently bilingual, getting these things done easily will be a beast.
Now if after she dies & you decide go in person to get the $, it could actually be stickier than via SWIFT. If account pays + 10k, theres extra paperwork - IRS 8300 & Treasury FinCEN - & probably a waiting period.