As the baby boomer generation is reaching retirement age millions of people are asking questions about elder law issues. One of these is the matter of long-term care and how you are supposed to go about handling these expenses. Once you attain senior citizen status your life expectancy is going to exceed 80 years. People who reach an advanced age often require living assistance, and this can involve full-time residence in a nursing home or assisted living community. When you … [Read more...] about Spiraling Nursing Home Costs Raise Serious Questions
Elder Law
Study: Caregiver Screening Process Lacking
Elder law experts will tell you to be very careful about who you let into your home as a senior citizen. However, unbeknownst to them many seniors may be allowing people to have close access without anything really being known about these individuals. If you have done any research into the subject you are well aware of the fact that long-term care is astronomically expensive. Every year it has been going up, but last year a 12-month stay in an assisted living community averaged … [Read more...] about Study: Caregiver Screening Process Lacking
Three-Year Look-Back Proposed for Veterans A & A
Because of the fact that Medicare won't pay for long-term living assistance the Medicaid program is used by many Americans to cover long-term care costs. There is a $2,000 upper resource limit, but a lot of your valuables don't count toward this figure such as your home and your vehicles. In addition, the healthy or community spouse can keep his or her half of shared resources up to a limit that stands at $113,640 in 2012. You cannot find out that you need long-term care one day and … [Read more...] about Three-Year Look-Back Proposed for Veterans A & A
Indianapolis Estate Planning Seminars
Free advice can be a bit dangerous to accept under certain circumstances. However, sometimes genuine expertise is available to you in a readily accessible and cost-effective manner. Just such an opportunity is presenting itself over the next couple of weeks here in the Indianapolis area. Our firm is going to be presenting some very informative seminars throughout the month of September and we would like to invite all of our readers to attend. At our seminars you will find out … [Read more...] about Indianapolis Estate Planning Seminars
Alzheimer's: Gait May Provide Warning
If you are wondering why you should have to concern yourself with incapacity planning you would do well to know a bit about Alzheimer's disease. This horrible disease is extremely destructive, and it is in fact the 6th leading cause of death in the United States. The Alzheimer's Association tells us that approximately four out of every ten individuals who are at least 85 years of age are suffering from the disease. Early onset is a problem as well, with 13% of people 65 and up being … [Read more...] about Alzheimer's: Gait May Provide Warning
Medicare Is Not Without Costs
It is never a good idea to assume anything as we have all been told, and there can indeed be consequences that go along with making false assumptions. This is something that can enter into the realm of retirement planning. Everyone who works pays into the Social Security and Medicare programs. As a result there are those who assume that these programs will provide them with a comfortable retirement. In truth, Social Security payouts are quite limited and Medicare does not … [Read more...] about Medicare Is Not Without Costs
Social Security: Where Do You Stand?
While it is best to view Social Security as a form of supplemental income rather than a foundation if it is at all possible, this is the ideal rather than the overarching reality. In fact, the Social Security Administration tells us that Social Security is the primary source of income for most people who reach the age of eligibility. Regardless of your anticipated level of reliance on Social Security you are going to want to know how much you can expect to receive when you qualify for … [Read more...] about Social Security: Where Do You Stand?
Informed Planning For Service Veterans
Having a comprehensive understanding of the resources that you have to draw from is key when you are formulating a plan for the future. It is not fair to expect the typical layperson to be apprised of intricate rules governing certain benefit programs, and this is of course where expert advice comes in. Without tapping into professional expertise you may actually overlook some of the benefits that you are eligible to receive, especially if you are a veteran. One of these is the … [Read more...] about Informed Planning For Service Veterans
Beware Of Financial Abusers
As you get older you face certain potential challenges, and though some of them are rather unsavory, it is important to keep your head up out of the sand and keep yourself informed. With this in mind you would do well to recognize the widespread plague of elder financial abuse. This problem was brought out into the open not too long ago via the case of legendary actor Mickey Rooney. He has stated that he has been victimized by his stepchildren, and the abuse is alleged to have … [Read more...] about Beware Of Financial Abusers
Assisted Living Carries Big Price Tag
Budgeting for the latter stages of your life involves making intelligent long-term projections. If you want to be prepared for all contingencies you should be pragmatic and conservative with regard to your estimates. With this in mind, you would do well to consider the possibility of incurring long-term care expenses at some point in time. If you are fortunate enough to live into your senior years it becomes likely that you will need living assistance before all is said and … [Read more...] about Assisted Living Carries Big Price Tag
