Serving as a guardian is a major responsibility. And with this responsibility comes considerable control over another person's life. As such, guardians must act appropriately and make sound decisions that prioritize the ward's best interests.
If a guardian exploits, deceives, intimidates or harasses an at-risk adult in Colorado, there can be severe consequences.
Did you know that, according to the Centers for Disease Control and Prevention, more than 1.5 million Americans are currently in nursing homes? And this number is only going to increase as baby boomers get older and require more long-term care.
With this in mind, it can be wise to start thinking now about how you might pay for long-term care in the future. One way to do this is with Medicaid. However, to quality for Medicaid, you must fall under certain asset and income limits. Instead of spending down your assets to qualify, you might want to consider some of the following options to preserve assets.
Losing the ability to do things for ourselves - like driving and managing finances - can be incredibly upsetting. Not only does it mean loss of independence, but it also means that someone else will need to help. And for many people, asking for and accepting help can be difficult.
Therefore, if you find yourself taking on the role of caregiver, you could be confronted with some challenges and reluctance from your loved one. Below are some tips for approaching this complicated situation.
We can hardly turn on our phones, computers or TVs without being inundated with information on the novel coronavirus, or COVID-19. Understandably, people are concerned - especially people over the age of 60 and those with serious chronic medical conditions, as these groups can experience more severe symptoms.
Undoubtedly, the diagnosis of any severe illness, whether it is COVID-19 or cancer, can be devastating. However, parties can ease some of the stress and uncertainty of this upsetting situation by having a plan in place.
The novel coronavirus, COVID-19, is affecting adults 60 and older more severely than younger people. As such, it is crucial for us to check in on our older loved ones and make sure they are okay in the coming weeks.
Below are some tips that can help you, whether you are over 60 yourself or you care for someone who is.
Home is typically the most comfortable place a person can be. And as we get older, that sense of comfort and familiarity can become increasingly important. Because of this, it is not unusual for people to want to stay in their homes as long as possible as they age.
If your parents are in this situation, but you are worried about their safety due to physical limitations or health concerns, know that there are some systems available that can keep them safe and give you peace of mind. Four systems that can be especially important for seniors to have in their homes include:
The possibility of losing our independence as we get older can be upsetting to think about. However, confronting this potential reality and considering what to do if it should happen can be one of the most valuable planning steps you can take for yourself and your family.
For example, there may come a time when you cannot manage your finances. You might forget about transactions, miss bill payments or fall victim to financial scams that target seniors. Under these circumstances, you should have a plan in place to protect your assets and money.
There are countless unfortunate stories about what happens when a person passes away without leaving a will. However, each one can teach us something about why it is essential to create a will and provide guidance on what to do (or not do) in similar situations.
For instance, iconic music legend Prince passed away unexpectedly without a will. Because of this, his massive estate has been limbo since his passing nearly four years ago. And a recent development complicates the situation even more: a beneficiary has died.
There are thousands of nursing home facilities in the United States. While many of them provide competent, compassionate care to elderly patients, they don't all do this. For a variety of reasons, from staffing problems to negligent management, some nursing home facilities provide an environment that increases the potential for elder abuse.
If your spouse, parent, or another loved one is in a nursing home, you should be aware that there are four types of abuse that can happen in this setting.
Paying for medical care can be extremely expensive, especially as a person gets older and requires more care-related services. Planning for how you will pay for these services before you actually need them can allow you to protect your legacy and secure the care you want without requiring others to make these decisions for you.
One option you might be considering is Medicaid, or Health First Colorado, which is the state's Medicaid program. There are numerous benefits of this program.
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