The Social Security Administration (SSA) announced a 1.3 percent increase in the cost-of-living adjustment (COLA) for the next year. The meager increase equates to about $20 a month. Over the past few years, the average increase was approximately 1.6 percent.
How is the COLA Determined?
The COLA is tied to the Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W), » Read More
It is common for a family member to be the caregiver for an elderly or disabled loved one. A caregiver assignment is a legal document that defines, describes, and details how a loved one will be cared for by a family member or an outside party, such as a nursing home or visiting medical professional.
A caregiver assignment can help ensure that all family members agree and understand the type, » Read More
While it is not always an easy topic, it is sometimes necessary to acknowledge that an ill or aging adult is can no longer able to make sound decisions for their own safety and well-being. Under the law, a guardianship refers to when a person is legally appointed to manage the financial, medical, or legal affairs for a ward who cannot manage their own. » Read More
A comprehensive estate plan ensures that a person’s assets and property are distributed according to their wishes after they pass. There can be multiple ways to achieve this goal, depending on the size of the estate and the types of assets. Most estate plans will include a will and power of attorney, » Read More
Although handwritten and typed wills are still around, many estate planning documents are now digital. Electronic wills (e-wills) do not use paper or ink, they are created electronically and use digital signatures. For the time being, only certain states have authorized e-will laws. Also, during the Coronavirus (COVID-19) pandemic, New York issued executive orders that permitted temporary electronic execution and notarization for wills. » Read More
According to the Centers for Disease Control and Prevention (CDC), there are more than 15,000 nursing homes in the United States with a combined capacity to care for more than 1.5 million residents. Senior citizens who live in nursing homes are vulnerable to nursing home abuse and neglect because they are fragile, ill, or incapable of caring for themselves. » Read More