An interesting elder law trend has emerged involving the numbers of seniors who are in relationships who decide not to get legally married. According to United States Census statistics, if you compare findings from 2005 through 2007 to the 2008-2010 figures, the number of Americans in their 60's who are unmarried but living with partners has increased by 14%. There are a variety of different financial reasons why more people are deciding to remain unmarried. One of them involves … [Read more...] about More Senior Couples Eschewing Marriage
Retirement Planning
Effective Long-Term Planning Requires Awareness & Flexibility
Long-term planning should be viewed holistically. One phase of your life leads into another and everything culminates with your eventual passing. So retirement planning and estate planning are naturally intertwined into a long-term financial plan. No sports teams is going to take to the field or the court without any type of a game plan. The game of life is much more serious than any single sporting event, but unfortunately far too many people go through life without … [Read more...] about Effective Long-Term Planning Requires Awareness & Flexibility
Hard Copy Social Security Checks Being Discontinued
When it comes to retirement planning Social Security is certainly going to be an important component for most people. It is however a good idea to recognize the limitations of the program. There are those who feel as though they don't have to plan ahead to accumulate resources for retirement because they will be receiving a Social Security benefit. While you may well qualify for the program it is important to recognize the fact that it is not possible for most people to live … [Read more...] about Hard Copy Social Security Checks Being Discontinued
How Does Work Impact Social Security Benefits?
As studies continually show that a significant percentage of baby boomers are not financially prepared for retirement many people are coming to the realization that they will have to continue to work when they become senior citizens. With this in mind retirement planning lawyers are often asked questions regarding how earning a paycheck may impact your Social Security benefits. To address the question you must first understand when you become eligible for Social Security. The age at … [Read more...] about How Does Work Impact Social Security Benefits?
Spiraling Nursing Home Costs Raise Serious Questions
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
Retirees: Beware of Property Tax Liens
Retirement planning involves doing some careful calculations. You don't want to work with ballpark figures because you may well be quite vulnerable financially during your twilight years. It is very likely that you will not be in a position to go out looking for a new career opportunity should you find yourself in financial need when you are 75 years of age or older. With the above having been stated you should be very cognizant of the impact that property taxes may have on your … [Read more...] about Retirees: Beware of Property Tax Liens
Legacy Planning: Share Your Wisdom on a Blog
Legacy planning involves leaving behind things that will last long after you are gone. Aside from financial resources perhaps the best thing that you can offer your loved ones is your wisdom gained through personal experiences. Now that we live in the age of the Internet a unique opportunity to do this exists. By tapping into resources that are provided by sites like WordPress.org you can create your own blog for free. Many people are not aware of just how easy it is to have … [Read more...] about Legacy Planning: Share Your Wisdom on a Blog
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
Look Northward for Tax Savings, Asset Protection
Once you have accumulated a significant store of assets you can feel a sense of accomplishment and perhaps a little bit of relief. However, when you are standing on this plateau you have a new set of challenges that you must address. One of them is the necessity to protect these resources. If you were to become the target of a lawsuit and your assets were not positioned properly they could potentially be attached and this is certainly not acceptable. Anxious creditors could … [Read more...] about Look Northward for Tax Savings, Asset Protection
46% Of Americans Die With Little to No Financial Resources
When people who are experts in the field attempt to get a feel for how prepared people are for retirement they generally assess the accumulation of financial assets that individuals have when they begin retirement or reach the typical retirement age. This make sense, but in the end what really matters is whether or not you had enough money to last throughout your life regardless of what you had going into retirement. Given the above it may be a better idea to analyze how much money … [Read more...] about 46% Of Americans Die With Little to No Financial Resources
