Discussions about estate planning often focus on someone's legacy. People want to know exactly what will happen with their property when they die and seek to provide as much as they can for their closest or most vulnerable family members. The best estate plans in...
Sometimes, it becomes apparent that someone who is attempting to live by themselves is no longer capable of doing so safely. Family members may then have to convince an older adult or the courts that a move to an assisted living facility is necessary. We often delay...
As your loved ones age, they become more vulnerable physically and financially. Family members, friends, business associates and caregivers can be guilty of financial exploitation if they use coercion, trickery or emotional manipulation to take control of a senior’s...
Estate plans are not all that common. People have many reasons why they might delay creating a will or neglect planning for the future. Why is this? It is clear that estate planning can be beneficial and useful in a number of ways, from advanced planning for medical...
If you have been appointed as agent under a power of attorney for another person, whether an elderly parent, grandparent or disabled sibling, you should know that, absent particular and unlikely circumstances, you are not personally responsible for paying nursing home...
The financial resources that you have acquired throughout your life will become part of your estate when you die. If you are like most parents, you probably hope that your children will ultimately inherit anything remaining at your death. For most people, their home...
Unfortunately, Medicare does not cover expenses associated with long-term care, such as for nursing homes or assisted living facilities, which can cost as much as $11,000.00 or more per month. Medicaid for long-term care services will, however, cover the cost of that...
When you designate a power of attorney, you are choosing an agent. This person is then allowed to act on your behalf under very specific circumstances. Those who are empowered to act as a power of attorney usually only utilize their authority when someone has been...
These days, having a “blended” family isn’t unusual, especially as more older adults are choosing to remarry. While all blended families are unique, they generally share some of the same concerns – including how to make estate planning and inheritances fair for...
Aging in place involves someone remaining in their home for as long as possible, possibly including through their time in hospice and palliative care at the end of their life. People often make major changes to their finances and homes so that aging in place is...