Category: Elder Law
Not having a long-term care plan can put your family at financial risk. A government report estimates a vast majority of those over 65 will end up needing long-term care. However, many people do not have plans to meet the expenditures, according to Westfair Online in “Keybank poll reveals clients aren’t planning for long term […]
If you are thinking of upscale retirement, it might be best to check in early and enjoy the lifestyle. Boomers have had a way of being out front when it comes to making changes in society and it isn’t any different when it comes to retirement, as they eye the expansion of five-star luxury retirement […]
Early signs of the loss of a customer’s mental agility may be recognized by banking personnel. New federal legislation gives banks and financial institutions new tools to join in the efforts to halt the ever-growing problem of elder financial abuse, according to The Wall Street Journal in “Banks Monitor Older Customers for Cognitive Decline“. Financial […]
Some issues are not easy to approach for discussion. However, they are necessary. With holidays upon us, it is perhaps a good time to have a conversation with your parents about long-term care and other aging issues, according to News3LV in “Tough talks over turkey: Is it time to have “The Talk” with your parents?“. […]
Consider your planned lifestyle before retiring, in order to choose the right location. As retirement approaches, many people need to decide between remaining in their home of many years, downsizing to a smaller location or moving to a retirement community. However, many myths about retirement communities exist as well as truths that need to be […]
Decide where you want to locate and then study the opportunities and drawbacks. So, you are retiring. Where do you want to live? What’s the attraction? What is the cost of living? Taxes? Medical facilities? The list is long but there are some factors to look into that can be helpful in the decision making, […]
State laws oversee estates and those laws are rarely the same. Many people retire in the snowy north and head to the warm south for a few months each year. If that is your scenario, it would be wise to keep that estate plan current because state laws are not usually the same and your […]
How do you help you and your family in the next phase of life? You’ve taken care of your children from their infancy through their college years. What more should you do for them? While you are planning for your later years, you can also make things easier for them, according to The Christian Times […]
You cannot control the action of an adult child, but you can prepare for it. No matter how close family members may be, they do not always agree with your viewpoints and that can create some real problems in later years. However, those problems can be avoided, according to “Aging parents can protect against unwanted […]
Laws vary from state to state, so it would be wise to consult with an estate planning attorney on where you stand legally. Many people who retire prefer to reside in a warmer climate in the winter if they reside in a colder climate the rest of the year. However, before they head south, it […]
