Monterey, CA Estate Planning In A Coronavirus World

An older woman holding a pink string in her hand.


AARP Bulletin in their November 2020 issue (page 22) had an interesting article about more and more couples looking at estate planning now that the coronavirus is making the future outlook bleak.  Keep in mind that you can write a will at any time, even if you are sick in the hospital.  Most estate planners recommend setting up a living trust, which gives you a lot of flexibility on how your assets are distributed following your death.  Experts warn that doing a joint will for a couple is a terrible idea—they aren’t even legal in some states.  Leaving more to one child than another almost guarantees that the will could be challenged.  Stepchildren aren’t automatically treated as children for legal purposes.  There are a lot of moving pieces in an estate plan so consult with your attorney.

Carmel, CA Elder Abuse Alert : Fed Ex And UPS Tracking Alerts Could Be Fake

A woman looking out of the window at her home.


The holiday season, unfortunately, typically ushers in a ton of elder abuse scams.  The latest; fake package notifications from Amazon.com, FedEx, UPS and others.  With e-commerce sales hitting an all-time high due to the coronavirus, more and more email delivery alerts are popping up but they may not all be legitimate.  Fake email messages often contain the logo of the shipping company, making them look more legitimate.  Getting you to click on a link is the main objective of these scams.  Others send an attachment with malware in it, so never click on an attachment from an unknown sender.  Most come with a call to action such as purporting there is a problem with the shipping address or the payment method, attempting to get you to click through.  Always go to where you made the purchase to check on the order status. 

https://www.bbb.org/article/news-releases/20283-scam-alert-dont-be-fooled-by-a-fake-package-delivery-scam

Monterey, CA Coronavirus Update From A Carmel Caregiver : California Outlook Is Bleak

A close up of a cell with viruses inside


Many businesses are irritated that Monterey County health officer Dr. Ed. Moreno issued a stay-at-home order effective on Monday even though the ICU bed capacity had not fallen below 15% in the Bay Area, which would have required a shutdown.  It turns out he was only a few days early—ICU beds in the Bay Area fell to just 12.9% today meaning the entire Bay Area is now locked down.  There were 286 new cases of coronavirus reported in Monterey County today, bringing the total to 18,507.  There were 15 new hospitalizations, and two more deaths.  Nationwide, there were 202K new cases, bringing the total to 16.891 million, while deaths rose by 3,620 to 305,934.  The number of new cases was up by 60% over yesterday.  In California, the numbers were bleak.  There were 37,474 new cases (up 47% from yesterday) bringing the grand total to 1.663 million so far.  Deaths more than doubled from yesterday’s 161 to today’s 354. These numbers are disturbing, please stay at home as much as possible.

Monterey, CA Artificial Intelligence Programs May Help Predict Alzheimer’s Disease

A purple background with the alzheimer 's association logo.


An Artificial Intelligence Program, AI, analyzed the language of study participants and found it could be able to predict whether people with no memory or thinking problems would develop Alzheimer’s disease later in life.  Funded by Pfizer and conducted by IBM, the program accurately predicted up to 74% of participants that were diagnosed with the disease later in life.  The study which was published in the journal EClinicalMedicine, analyzed 700 written samples from 27 participants in another study conducted decades ago.  Based on written samples, the study more accurately predicts Alzheimer’s disease than other research.  Experts say that tracking language over time could be done as part of routine medical exams. Regular readers of my blog know that both my grandmother and my father died from this terrible disease, and I am a big fan of our local Monterey chapter of Alzheimer’s Association.

https://www.usatoday.com/story/news/health/2020/10/22/ibm-study-found-program-analyzing-language-predicts-alzheimers/3728608001/

Monterey, CA Elder Abuse Alert : Coronavirus Scams

A pile of money sitting next to stacks of cash.


Experts warn that the rapid expansion in coronavirus cases is going to result in a big increase in elder abuse scams.  Scams are being developed that promise to deliver you a COVID vaccine—it will be a fake just like Gucci bags that are commonly counterfeited.  Some are posing as being from Medicare or the Social Security Administration.  Neither will ask you for sensitive information.  In fact, I just got one the other day.  I picked up the phone and they asked my name, which I gave to them, then they asked for my date of birth to “verify my identity.â€Â  I asked who was calling and they hung up!

https://www.maa-usa.org/About-Us/News-Article-Display-Copy/scams-likely-to-heat-up-after-covid-19-vaccine-rollout

Monterey, CA Coronavirus Update From A Carmel Caregiver California Cases Alarming

A close up of the word coronavirus with an image of a virus


There were 289 new coronavirus cases detected in Monterey County today, bringing the total to 18,209.  There were six new hospitalizations and seven new deaths reported.  Nationwide, there were over 200K cases, bringing the total to 16.689 million, while deaths rose by 2,263 (versus 1,402 the day prior) for a cume total of 302K.  In California, there were 25,433 new cases, bringing the total to 1.626 million while deaths rose by 161 (versus 78 the day prior) for a total of 21,215.  These numbers are alarming, please stay at home as much as possible.

Pebble Beach, CA Elder Abuse Alert : Creepy Santa Scam


There are always myriad elder abuse scams revolving around the holidays, but the most recent one is a revamp of an old scam, something of a pyramid scheme.  The scam goes like this : buy a $10 gift card and send it to your secret sister, then you will receive 6-36 gifts in return.  It actually works in the short term, similar to a pyramid scheme.  But over time, the holidays end and people no longer participate, and the scheme crumbles.  In addition to being potentially bilked, your friends will hate you if you catch them up in this scheme!  Stay alert and be careful this holiday season!

Monterey, CA COVID vaccine not ready for the general population but testing is

A man wearing a mask with yellow warning tape around his mouth.


Although the initial doses of the COVID-19 vaccine are targeted towards health care workers, anyone can get a coronavirus test and it is free.  See the below sites, which have COVID-19 testing from Tuesday through Saturday all day (from 8:00 a.m. to 8:00 p.m.).

Soledad High School Drive Through at 425 Gabilan Drive in Soledad

Castroville Library at 11160 Speegle Street

Cesar Chavez Library at 615 Williams Road in Salinas

Seaside High School at 2200 Noche Buena Street

Make an appointment at https://lhi.care/covidtestin or call 1-888-634-1123.

Walk ins are welcome from 5:00 to 7:00 p.m.

 

Monterey, CA Avoid Taxes on Required Minimum IRA Distributions By Giving To Non-Profits


Although the IRS requires us to withdraw a certain amount each year from our retirement accounts in order to satisfy the Required Minimum Distribution requirements.  However, if you don’t need the money, you can transfer money directly to a non-profit via a qualified charitable distribution.  This can be done for a total of up to $100K per year and meet the IRS guideline.  You can split your contributions between as many charities as you want under IRS rules, although some banks do place a limit on this.  Talk to your bank and a local accounting firm like Hayashi & Wayland.

https://www.hw-cpa.com/

Pebble Beach, CA Seniors Turning To Telehealth Amidst Coronavirus Pandemic


More and more seniors are turning to Telehealth programs due to the COVID-19 pandemic.  “When you’re not feeling well, having to get up, get dressed and drive all the way to the hospital and then get in line and then possibly get sick from someone else is not all that appealing,†Marla Jo Fisher, a writer, told AARP Bulletin (November 2020, page 44).  Medicare is expanding coverage of telehealth visits during the pandemic, changes which hopefully will remain in place.  The Department of Health and Human Services recently reported that less than 1% of primary care visits in February were via Telehealth, a number which jumped to 43.5% in April.  California has a bill going into effect on January 1 requiring all insurers to pay for Telehealth visits.  If your doctor isn’t using Telehealth, talk to Community Hospital of the Monterey Peninsula, CHOMP, on suggestions.

https://www.chomp.org/find-a-doctor/doctor-search-results/?termId=a826e4db-730c-e611-9cf8-005056a462a1#.X9fgodhKjcs