It is a common belief among young adults, even those with professional careers aged thirty or more, that they are too young to be concerned with estate planning. Young adults in their twenties and thirties often think they don’t own enough to constitute an estate. However, an estate is the total of all you own […]
A power of attorney comes in different forms and is an important tool when planning for when you may become incapacitated and require a trusted agent to manage your affairs. These legal documents can grant broad authority to one or more power of attorney agents to transact business or make medical decisions based on your […]
Legal guardianship of an aging parent means accepting significant responsibility to act and advocate for their care. The duties include a parent’s daily care, medical care, and possibly financial decisions made on their behalf. Many guardians are family members who were previously caregivers, now cast into a formal legal role. At the same time, some […]
According to findings, the US Department of Health and Human Services (HHS) estimates that approximately seventy percent of retirees in America will need long-term care (LTC), with median annual costs for these services ranging from $53,768 to $105,850 in 2020, according to research from Genworth. HHS also reports that those who receive Medicaid-financed nursing home […]
It depends on who you ask. Some “experts” report that rates are up. Some “experts” report they are down.
The Problem According to the U.S. Department of Health and Human Services, someone turning 65 today will have a 70 percent chance of requiring some long-term care service and support during his or her life. A woman’s average nursing home stay is 3.7 years. For men, it is about 2.2 years. Of the 70 percent […]
The long-term care (LTC) crisis is on the rise for aging Americans. Industry driven, massively underpriced policies are playing fiscal catch up with hefty premium rate increases. This price increase is forcing some aging Americans to abandon their policy while others struggle to reduce their amount of LTC coverage to keep their rates affordable or […]
Divorce after 50 can be an eye-opener for many. Your kids are gone and no longer the biggest concern. Instead, you are concerned about retirement. You want to hang on to some financial security because you know it will cost more to live apart than to live together. How are you going to divide the […]
Many people confuse Medicare and Medicaid. And why not? The words are similar, and both are government programs that have to do with health care. However, the programs are very different. A proper understanding of these two programs is necessary to make sure that you or your loved one does not misstep when making health […]
Don’t make these mistakes when thinking about your divorce litigation Don’t try to win at any cost. Divorce litigation brings out the worse in many people. Winning at any costs usually means you pay more than the outcome is worth just for revenge. After 29 years of litigating divorces, we can attest to to […]
