When someone gets ready to move into an assisted living facility there will inevitably be a lot of paperwork involved. Much of that paperwork is fairly straightforward and need not be a cause for concern. However, amid the big stack of needed signatures, there is one document you must review carefully before signing. That document […]
Unfortunately, financial exploitation of older individuals is an all too common occurrence in our country. The National Council on Aging estimates that as many as 1 in 10 Americans over the age of 60 has experienced some sort of elder abuse. And what many people don’t realize is that a large portion of those incidents […]
One of the primary goals of the life care planning we provide to our clients is trying to keep our older clients out of the nursing home if at all possible. Nonetheless, that is not always possible. And when it looks like a loved one will need to move into a skilled nursing facility, we […]
Many seniors and their families don’t use a lawyer to plan for long-term care or Medicaid, often because they’re afraid of the cost. But an attorney can help you save money in the long run as well as make sure you are getting the best care for your loved one.Instead of taking steps based on […]
Grandparents may be tempted to leave an IRA to a grandchild because children have a low tax rate, but the “kiddie tax” could make doing this less beneficial.An IRA can be a great gift for a grandchild. A young person who inherits an IRA has to take minimum distributions, but because the distributions are based on the […]
The Department of Housing and Urban Development (HUD) has announced changes to the federal reverse mortgage program. Citing the need to put the program on better financial footing, HUD will raise reverse mortgage fees for some borrowers and lower the amount homeowners can borrow.A reverse mortgage allows a homeowner who is at least 62 years old […]
Online bill paying has become a popular way to make paying bills easier, and now you can pay your Medicare premiums online too. If your bank allows customers to pay bills online, you can use that service to pay your Medicare premiums.To set up online bill paying, contact your bank. To make sure your bank […]
When we ask our clients if they would ever want to be artificially kept alive on a machine or the like, they almost invariably answer NO. We have all seen too many horror stories of individuals who end up living a sad existence in a vegetative state for a prolonged period of time. Almost all […]
Long term care planning is complicated. When we help guide our clients through that process we must consider many factors, including things like amounts of current and future assets and income, likely expenses, health conditions of various family members, and other family dynamics. So when a client has a long term care insurance policy it […]
Alzheimer’s disease is a formidable, national epidemic. The non-profit Alzheimer’s Association, and its sister organization, Alzheimer’s Impact Moment (AIM), estimate that $259 billion is spent per year and that 5.5 million Americans are living with this disease. AIM seeks to advance public policies, research, and overall care and support required to best meet the growing […]