Nursing home neglect is a very real problem that affects millions of seniors across the United States. Because of this, many families are very tentative when putting their elderly loved one in a nursing home. After all, nobody wants to hear that their loved one is...
Month: January 2021
How should you handle the estate plan talk with your parents?
Estate planning is not an easy topic to have with family members. If you worry about whether your aging parents have an estate plan, it is normal to feel apprehension about approaching the topic. Business Insider suggests that there is a right way to approach parents...
How can you afford your parents’ long-term care?
As the child of aging parents, one of your biggest concerns is their care. As they age, they may require more round-the-clock care in a facility. Unfortunately, the cost of these establishments may be high. It can become a financial burden on families. Fortunately,...
3 benefits of a revocable trust
Estate planning allows for a lot of customization in planning how to divide your assets to your beneficiaries. Depending on your particular circumstances, you can choose from two options: a will or a revocable trust. In a revocable trust, you sign an agreement...
Mistakes to avoid when planning for your estate
It might seem as if detailing your wishes for your assets and property on paper is all you have to do to protect your legacy for when you die. Unfortunately, even the best-made plans are unenforceable without the right contingencies and estate plan documents. To...
How can my estate avoid probate court?
Perhaps you are in the process of revising or creating estate plans. Of utmost concern is eliminating probate court’s involvement. Though probate court is not entirely avoidable, there are strategies you can use to minimize its involvement to ensure a timely dispersal...
Will we lose everything if my spouse needs nursing home Medicaid?
If your spouse needs nursing home care, he or she may be eligible for assistance through Georgia’s nursing home Medicaid program. To qualify for this program, your spouse must meet certain strict income and asset limits. However, this does not mean that you will need...
3 ways a trust could protect your adult child’s inheritance
When you create your estate plan, you want to provide for your family no matter what occurs in the future. For some people, the best way to protect the inheritance of their adult children is a trust. How could a trust protect your child's inheritance from future...
Watch out for this nursing home red flag while planning ahead
When planning for your senior years, you may need to give some thought to what might occur if you become incapacitated. An illness or unexpected accident may require your admission to a long-term care facility. If your condition renders you unable to make decisions...
What is the difference between a medical and financial power of attorney?
Growing older increases the risk of serious medical issues and illnesses. For some people, these issues are incapacitating, both physically and mentally. When a person is incapacitated, they can no longer make reasonable decisions about their affairs. This is where a...
