- Advanced Planning
- Elder Abuse
- Elder Law
- Living Wills
- Long-term Care Insurance (LTCI)
- Medicare & Medicaid
- Powers of Attorney
- Reverse Mortgages
What Is… Advanced Care Planning?
Advance care planning means making decisions about the care you would want to receive should you become unable to speak for yourself. These are your decisions to make and they are based on your personal values and preferences. Advance care planning involves communicating your wishes to loved ones and health care providers to guide and comfort them if something should happen to you. Establishing advance directives is an important part of advance care planning. Advance directives are legal documents that...Read the rest of this article »
Financial Planners Explained: What They Do, What To Consider When Hiring One & How to Find One
What They Do A financial planner looks at your assets and calculates your financial strengths and weaknesses, in addition to evaluating potential opportunities and threats to your financial security. Based on these evaluations, the financial planner will then make recommendations as to how your assets should be allocated. Other aspects of financial planning deal with asset protection, budgeting and cash flow, survivor insurance, tax planning and other issues such as disability benefits, estate liquidation and retirement planning. What to...Read the rest of this article »
Thinking of Selling Your House? Read this First!
Should I Sell My House? This is frequently the most significant financial decision faced by many seniors—or by family caregivers. Often the impetus is that a person’s cost of care has risen or that home maintenance and safety issues have become unmanageable. The situation can become acute if family members or other potential caregivers live too far away from the homeowner to provide help on a regular basis. Beyond the potential emotional issues that surface and need to be considered,...Read the rest of this article »
How Much Can You Save with Advance Planning?
The devastating reality is that without advance planning, sometimes a lifetime of saving and assets must be spent in order to cover the costs of care. However, a careful evaluation can help you avoid costly mistakes and can significantly augment or maximize the value of the resource. Where do you begin? Make a List of Your Assets and Predict Your Future Care Needs First start with a clear accounting of all resources. Then consider your present needs and those...Read the rest of this article »
How to Pay for Long-term Care without Breaking the Bank
Meeting increased elder care costs requires making hard decisions and taking a judicious and strategic look at your financial options. These decisions are often fraught with conflicting emotional concerns. I recommend you incorporate a careful and objective cost-benefit analysis of all the variables. Be aware of the potential consequences of every decision you make—not just the financial consequences, but the personal ones. Being knowledgeable about the issues and pitfalls can help you avoid undesirable surprises that cannot be rectified (e.g.,...Read the rest of this article »
