One component of a comprehensive estate plan is naming a power of attorney who can take care of your finances and one who can handle your health care. These are important designations because these individuals will act on your behalf to make decisions if you’re...
Every adult ages differently. Family history, personal lived experiences and various other factors influence the kind of cognitive and physical symptoms that someone experiences as they age. Many older adults retain their mental acuity and independence their entire...
Seniors who need care and assistance with day-to-day living often state that they do not want to spend their twilight years in a nursing home. For them, hiring an aide to assist them at home can be a viable option. Deciding whether or not to hire an in-home aide is a...
Many people who need Medicaid benefits later in life didn't expect that they would. After all, they can use Medicare for most of their costs after they turn 65, and they may have a career's worth of retirement savings set aside as well. Older adults frequently...
If you are younger, have no children and have minimal assets, then you may not think that estate planning is important. If you aren’t concerned with estate planning, then chances are you haven’t even thought about an advanced directive. However, advanced directives...
When you start thinking about creating your first estate plan, you will probably do some online investigation. While you are there, you may come across various companies offering DIY online wills. While they might appear to be a bargain, the problems they could bring...
Have you started thinking about your plans for long-term care? Do you know how you want to be cared for if you are unable to take care of yourself? For example, will you go to a nursing home or have an in-home care aide? How will the services be paid for? All these...
Nobody ever wishes that they will end up in a nursing home; however, as people age, the likelihood increases that at some point, they will need some type of skilled nursing services. When that happens, how will you pay for it? Medicare may cover up to 100 days for...
When you find a property that you like and can afford, purchasing it may still not be straightforward. Some houses have legal issues that could make going ahead a risky decision. Fortunately, there is often a simple way to resolve things. It’s called a quiet title...
When you're creating your estate plan, you may have an heir that you don't really feel comfortable leaving large amounts of financial assets to. Perhaps they have had problems with drugs, alcohol or gambling addictions in the past. Maybe you're just afraid that they...