Take Your Social Security Benefits Early, This Is Why…
Your overall amount will be unaffected if you start receiving your social security benefits at an early age. Because you will be taking it at a younger age, your monthly payment will be smaller than if you had waited but the aggregate payout overtime will be the same amount. To
Advance Health-Care Directives for Important Decisions
Imagining how we may perish is probably one of the hardest things we will ever have to think about. Yet, if we want our dying to be meaningful and merciful, it is imperative that we think about it while we still can. Most of us want to die at home,
Medicaid’s Shift from Nursing Facility to Home Care
According to Forbes.com, about half of all long-term care insurance claims are from policyholders living with dementia. The federally run program Medicaid is the primary financing mechanism of LTC where most of the monies are spent on institutional care settings that are ill-equipped to handle an increasingly large and longer
Elderly Americans Experiencing a Rise in Bankruptcy
A rising number of retirees and aging Americans are using bankruptcy as an option to get out of debt. While medical advances are keeping seniors alive longer, the associated healthcare costs in the quest for longevity are being off-loaded onto the older individual at a time when reduced income is
Elder Law and Prenuptial Agreements
As a married couple grow older, let’s use Ginny and George as an example, it is typical that they would like to leave their assets to their extended family when they pass. Unfortunately, Ginny was then diagnosed with cancer. She began to worry: What could happen if she died before George
The Benefits of Having an Elder Law Attorney
As retired Americans grow older, their dependency on the family to handle financial and health matters increase. They often believe that their family members will be able to take care of any issues that arise. While consulting with loved ones about plans and wishes can be beneficial, relying solely on
Evaluate Medicaid Benefits When Deciding on Caregiver
When a senior needs help in the home, should you pay an agency to assist or should you have a family member care for them? Or uprooting the senior into an institution? The family member can pay the bills, balance the checkbook, keep the house clean, shop and make meals,
It Is Critical to Have a Health Care Power of Attorney
For serious illnesses like Alzheimer’s, it is essential to have a strong power-of-attorney to bring peace of mind. Additionally, it is important to know that a good “basic” advance-directive document needs considerable supplementation when it comes to a dreadful illness like ALS – Amyotrophic Lateral Sclerosis, or Lou Gehrig’s disease. Ordinarily,
Second Marriages and Medicaid
A new spouse’s possible future illness and how much it might cost is most likely the last thing you think about when you say “I do” for a second or third time. But that could happen. Current costs for long-term care facilities can run between $70,000 – $150,000 annually. Studies
A Will Does More Than You Think
It is an unfortunately common and scary truth that most people have not composed their Last Will and Testament. Care.com’s annual estate planning survey for 2019 found that 57% of U.S. adults do not have a will. The survey found that participants were more likely or less likely to have