Beware of These Two Scams Targeting Seniors
Approximately 20 percent of Americans over the age of 65 have been victimized by some form of financial abuse, with the average loss per victim exceeding $120,000. While financial abuse is sometimes perpetrated...
The Benefits of an Irrevocable Living Trust
Irrevocable Living Trusts, when properly designed and implemented, can provide an almost unsurpassed level of asset protection from the high cost of long-term care. And, like Revocable Living Trusts, they...
How to Inspect a Nursing Home to Make Sure It’s Right for You or Your Loved One
An article by AARP discusses several factors to consider when choosing a nursing home. Here is a brief synopsis. ...
Now is a Good Time to Make Sure Your Plan is Up-To-Date
Has your financial or medical situation changed since your plan was created? Have any of your children or grandchildren gotten divorced and remarried, or started families of their own? Do your beneficiary...
Managing a Medicaid Crisis
In the United States, the median monthly cost of a semi-private room in a nursing home is currently more than $7,500. The cost of a private room exceeds $8,500 per month. Depending on where you live, costs...
Changes to the Law Make It Harder to Qualify for the VA Pension Program
The VA Aid and Attendance Pension Benefit provides eligible veterans with tax-free income. This benefit also extends to surviving spouses of eligible veterans. In 2018, a married veteran could receive...
The Spectrum of Care, continued
In our last post, we discussed some of the options available for long-term care. Now let’s explore additional options, including assisted living and nursing home care. ...
Know Your Options: The Spectrum of Long-Term Care
You've no doubt heard about assisted living and nursing home care, but there are many other long-term care options available. An article by U.S. News & World Report provides an introduction to the...
Reward Your Pet With the Best Treat of All—a Pet Trust
According to the American Humane Society, approximately 46 percent of households have at least one dog and 39 percent of households have at least one cat. We love our pets, and they provide us with plenty...
Seize Control Over Incapacity with Durable Powers of Attorney
Incapacity is defined, from a legal standpoint, as the inability to make sound decisions regarding one’s personal or financial affairs. Failing to plan for the possibility of incapacity in advance can...