Do You Know How the New Connecticut Law Affects Your Power of Attorney?The legislature of the State of Connecticut, after years of debate, has adopted comprehensive new laws concerning powers of attorney for financial matters. Overall, the new laws offer additional needed guidance on what can be done under a power of attorney, help to […]
Many retirees look forward to traveling in their retirement, and more and more are actually retiring overseas, in part as a way to stretch savings. But what happens to retirees’ federal benefits while they are out of the country? The short answer is that although Social Security benefits are available to retirees in other countries, […]
Retiring to another country can be a very attractive option. Lower cost of living and health care expenses along with exotic locales and temperate climates persuade many seniors to retire outside of the United States. If you want to ensure a smooth transition, however, there are many issues to consider and steps to take before […]
Funerals rank among the most expensive purchases many consumers will ever make. A traditional funeral costs about $6,000, although “extras” like flowers, obituary notices, acknowledgment cards and limousines can bring the total to well over $10,000. Moreover, people often “overspend” on a funeral or burial because they think of it as a reflection of their […]
Combating dehydration is essential at all times of the year, but it is often at the forefront of caregivers’ minds during the hot and humid summer months. Detecting dehydration in an elderly loved one can be difficult, since symptoms can range in severity and may be mis-categorized as symptoms of chronic disease. Signs include dizziness, […]
Back in the year 2000, a series of profiles of American centenarians debuted on National Public Radio (NPR) called “One Hundred Years of Stories.” Producer Neenah Ellis later translated those profiles into a book called If I Live to be 100: Lessons from the Centenarians. Ellis recognized that there are more 100-year-olds alive now than […]
In most states, transferring your house to your children (or someone else) may lead to a Medicaid penalty period, which would make you ineligible for Medicaid for a period of time. However, there are circumstances in which transferring a house will not result in a penalty period. One of those circumstances is if the Medicaid applicant transfers […]
Medicaid’s RulesIn order to be eligible for Medicaid, you cannot have recently transferred assets. Congress does not want you to move into a nursing home on Monday, give all your money to your children (or whomever) on Tuesday, and qualify for Medicaid on Wednesday. So it has imposed a penalty on people who transfer assets […]
Over five million Americans are living with Alzheimer’s disease and this number continues to grow. Alzheimer’s disease is the sixth leading cause of death in the United States. It is difficult to overstate the devastating impact Alzheimer’s disease and related dementias have on patients and their families. One way to mitigate this impact is to […]
The majority of American families own a pet. If you are part of this majority, it is important to think about making arrangements for your pets in case you are no longer able to care for them yourself. According to a recent survey, over 63% of pet owners consider their pets to be family members. […]