Among the most important decisions you’ll make as you develop your estate plan are the people who will be your representatives and administrators not only after you’re gone but if you become incapacitated by illness and injury and unable to speak for yourself. Perhaps...
One of the most difficult aspects of life is watching your beloved parents lose their ability to be independent. When an elderly person loses the ability to comprehend and make rational decisions due to an injury or the onset of dementia, you may want to consider...
Unlike Medicare, which is open to everyone over retirement age, Medicaid benefits are only available to those with financial need. Medicaid will cover significantly more than Medicare will, especially for those who require a stay in a nursing home or rehabilitative...
One myth that people continue to believe is that you can be too young to do your estate planning. You will often talk to people who are in their 30s and 40s, but they haven’t made an estate plan yet because they think it’s something that only elderly people do. This...
Many people go through life without considering what will become of their assets after their death. However, you may have come to realize that your estate can benefit the people around you when you pass away. You may want your assets to go to good and caring hands. If...
Are you worried that your parents have not yet made an estate plan? If not, they certainly aren't alone, as most Americans haven't done it. The biggest reason for most people is that they are simply going to do it later and they just haven't gotten to it yet, but this...
One of the hardest things to do is assume the role of caretaker to your elderly parents once they begin failing mentally and/or physically. Especially when there is cognitive decline, it can be problematic to step in and make some hard decisions. It can also be...
Many people think about things like who will get their assets when they consider making an estate plan. While that’s an important part of what you need to do, you can’t forget about making the plans for taking care of your affairs if you’re not able to make decisions...
Estate planning is not an easy subject to talk about for anyone. Young people might see it as a depressing topic and older people might feel uncomfortable about facing the reality of aging. For the reasons above as well as many others, people may not address their...
The year 2022 is shaping up to be quite eventful, with the status quo no longer assured of being maintained. One industry that will soon experience a major shake-up appears to be the field of long-term care facilities and nursing homes. When the president gives his...
