Tag: Elder Law
As the cost for caring for the elderly increases, the amount of inheritance decreases. In wealthy countries, the idea of leaving an inheritance is in jeopardy and may become a distant memory for middle class families, according to the Financial Times in “Opinion Today: The end of inheritance.” Receiving even a small inheritance from parents, […]
Pensions used to be a main portion of the American benefits package, but times have changed. Many companies in the U.S. did away with pension plans for their employees in the 1970s and switched to 401(k) plans, according to the Washington Post in “‘I hope I can quit working in a few years’: A preview […]
A new survey reveals that Americans view nursing homes so negatively, that the majority prefer death to living in one. Nursing homes do not have a good reputation in the United States. The common perception of them is as cold, uncaring places where people go to pass away, isolated and alone. It has been known […]
Some attorneys take advantage of their elderly clients. One of those who did so, will serve 16 to 40 years in prison. There is a popular image of attorneys as shifty liars who will do or say anything. It is not an accurate portrayal of most lawyers. Almost all attorneys know they have responsibilities to […]
What is next, as Republicans look to reform programs? It appears that Republicans may be prepared to propose cuts to some of the most popular government programs, according to Financial Advisor in “GOP Laying Groundwork To Cut Future Social Security, Medicare, Welfare Outlays.” Republicans are talking about making cuts to programs for the elderly, such […]
How you are classified in the hospital will make a big difference in Medicare coverage. Medicare considers patients who are in the hospital “under observation” as outpatients who therefore will not be covered, no matter how long they are actually in the hospital, according to The New York Times in “Under ‘Observation’ Some Hospital Patients […]
Coffin clubs seek to change the tradition. Coffin clubs are being formed to work toward making funerals less somber and less boring, according to Market Watch in “Want to spice up your own funeral? Join a coffin club.” The first coffin clubs was formed as a result of a group of elderly people in New […]
Social Security benefits are important to most retirees, so make sure you get the most out of it. Many people choose to figure out how to maximize their Social Security benefits for themselves. However, many do so to their own detriment, according to CNBC in “Bungling this retirement decision could cost you $300,000.” It has […]
Medical researchers and students create demand for cadavers. People can give the remains of their loved ones to companies that will cremate a small portion to give to the families and sell the rest to researchers. However, that market is poorly regulated, according to Reuters in “In the market for human bodies, almost anyone can […]
If you are an older citizen considering remarriage, it would be wise to explore what you need to know about finances and estate planning. The trend in American to remarry in later years can lead to unexpected consequences down the road, according to the Pittsburgh Post-Gazette in “Late-life marriages can be complicated by money matters.” […]
