According to research from the federal Administration for Community Living, the majority of adults who are age 65 or older in 2021 will eventually need some form of long-term health care. Planning for this significant expense can help give families peace of mind. Review the most common reasons adults require long-term care to help inform this planning process. Alzheimer’s disease and dementia The ACL recommends that Read More

Choosing to place an elderly parent in a nursing home may be one of the more consequential decisions you ever make. After all, you must entrust nurses and other professionals at the nursing home to provide appropriate and tailored care to your mother or father. Even though some nursing homes are better than others, you can take steps to choose the best one for your parent. Looking at Medicare’s rating for each Read More

If you have a loved one with special needs, no doubt you are very concerned about their lifestyle after you die. Providing for loved ones who cannot care for themselves and rely on Medicaid to get the care they need can be very stressful. This is why a special needs trust is of paramount importance to any family in this situation. One of the most important things that a special needs trust will do for your loved one Read More

Planning for the future of your children can seem complicated enough, but it can be even harder when you have a special needs child. You may have decided to create a special needs trust to provide for your loved one. In the process, you should also figure out how to divide the rest of your estate between your special needs child and other children you may have. Exactly how you should design your inheritance for your Read More

Sadly, no foolproof way exists to ensure your loved one ends up in the best Georgia nursing home. What might serve as the best solution for another family could feel like a nightmare to your loved one. Because of this, you might need to remain open to the possibility of moving your loved one. This might become unavoidable if you suspect abuse. Consider their needs When looking into long-term care needs, the U.S. Read More

As we age, a certain degree of memory loss is normal. How many of us have walked into a room and forgotten what we intended to do there or been in the middle of a discussion only to forget the other person’s original question? This is why it can be hard to detect the difference between natural signs of aging and the early onset of dementia. In this blog, we’ll review common early indicators of cognitive decline, so Read More

If you have a child with special needs, you may be thinking about using your estate plan to form a special needs trust. This type of trust provides access to funds your child may use on certain supplemental expenses without jeopardizing his or her eligibility for means-tested government programs. When you set up a special needs trust, you choose a trustee to oversee it. This task is not one you should take lightly, Read More

To prepare for your eventual retirement, you look into Medicare and ways to reduce the cost of elderly health care. You discover that Medicare only does so much and that you may require additional financial assistance. What options do you have?  Medicare Interactive explores ways to fill in the gaps left behind by Medicare. Get a plan in place to take care of medical costs now to protect your health in your golden Read More

Facing the reality that your aging parents will need to rely on you for their care can bring feelings of uncertainty and stress. Adequately planning for your parents’ needs can lessen the stress that accompanies unexpected circumstances. Collaborate with your family and address your parents’ individual needs and which resources can alleviate the financial costs of caring for them. Long-term care planning The health Read More

Taking on the role of guardian for another person is a huge responsibility, especially if that person is a minor. You become the person who has to look out for the child’s well-being. You become completely like the child’s parent. FindLaw suggests that if someone asks you to serve as the guardian for his or her child, you should take the time to assess your situation to determine if this is something you can do. Once Read More