Retirement has changed radically over the last several decades in America. Years ago, you expected to work most of your life for a single, large employer and could then count on a pension. "Retirement planning" meant figuring out how to use your free time. Today, in all likelihood you will be living in retirement on money you, yourself, saved. …
Archives for February 2024
When Facing A Serious Illness, It’s Important To Plan Ahead
Dear Attorney Tully: I have been diagnosed with having a "chronic" illness. I don't have Alzheimer's or cancer, but I am ill and probably won't get better. I'm not sure what the future holds for me, but I know I will need more care in the short term and possibly 24-hour care within two years. I am married and want to make this transition as easy …
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Concerns Over Nursing Home Ownership
In this column we have always pledged to bring seniors’ attention to matters that could affect their wellbeing. A recent concern is the ownership of some nursing homes in Connecticut. Private equity funds owning nursing homes can have several negative implications for the quality of care and well-being of the residents. There are numerous reasons …
The Importance of Planning to Protect Your Assets from the Nursing Home
As individuals age, the possibility of requiring long-term care, such as nursing home services, become a reality for many. However, the rising costs associated with these services can pose a significant financial burden on individuals and their families. Therefore, it is crucial to plan ahead and take the necessary steps to protect one's assets …
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