Americans are living longer than ever, and this means that more careful planning must go into our golden years. Long-term care can be extremely expensive, and many are wondering how to work this into their financial planning. Some people believe that Medicare will...
Month: July 2020
How can a trust keep assets safe from poor spending habits?
You love your children, but that doesn’t prevent you from seeing their flaws. And if you have a child who makes poor financial decisions, you worry about how he or she will survive when you’re not there to lend a helping hand. Can you protect your child from spending...
Strategies to combat loneliness for seniors
As people age and their friends and family pass away, they face the prospect of spending much more time alone. This certainly is not the case with all seniors; However, for many seniors avoiding loneliness is a struggle. The following information presents strategies...
Become a parent’s guardian
As people age, they may lose the ability to make important decisions about their lives. In this situation, adult children may need to become their parents' guardian. As a legal guardian, adults carry out many responsibilities for their parents. According to...
Tips to help you avoid probate
The probate process, which involves having a court “prove” the contents of your will, is often costly and time-consuming, so you may want to make efforts to help your loved ones avoid it if possible. Luckily, you may be able to help them avoid the probate process by...
Distinguishing between Medicare and Medicaid
Many think that Medicare and Medicaid are interchangeable, but they have distinct purposes and benefits. It’s important to first understand the differences when looking to get healthcare coverage. Starting with the basics, Medicare is meant for seniors who need help...
Why is elder law a growing area of concern?
Elder law focuses on the oldest segment of society. It helps to protect and preserve your rights as you age, while also covering concerns specific to seniors. The ABA Journal explains that this is a growing segment within the legal field due to several factors, such...
When you need a special needs trust
In today’s blog post, we’re taking a look at how parents of children with special needs can plan for the future and avoid stressful situations. Every person with special needs faces a different situation, but we’ve often worked with families of special needs people...
Coordinating an estate plan for your special needs child
Caring for a special needs child requires added vigilance in planning for his or her future. Careful coordination of your desires for his or her care, as well as disclosing which resources you foresee providing required support, may enable your surviving family...
