Are you being told by a friend, accountant, or financial planner that you can give away $19,000 per year to your children and do not have to worry if you need nursing home care? Depending upon your age and health, this could be very dangerous. Financial planning doesn’t always take into consideration long-term care planning. Many people have …
Elder Law
Will I Be Liable For My Parents’ Nursing Home Bill ?
Few people want to reside in an assisted living facility, nursing home, continuing care retirement community, or other long-term care facility. Most people prefer to reside in their homes with the familiar presence of their family and friends. After one suffers a chronic or acute illness, that is not always possible. Elder law attorneys advise …
Read More about Will I Be Liable For My Parents’ Nursing Home Bill ? →
Having ‘The Talk’ With Aging Parents
Many families take this time of the year to address ‘the elephant in the room’. After visiting with mom and dad many adult children decide it is time for family meeting to handle the health and safety concerns. Their parents physical or cognitive failings are a source of stress and concern. If you’re a baby boomer, you may already have had ‘the …
Myths & Realities About Medicaid Planning
Long-term care in the United States is provided overwhelmingly by unpaid caregivers; researchers estimate the value of this unpaid caregiving at well over $196 billion per year. By contrast, paid caregiving costs the public and private sectors about $173 billion, more than a quarter of which is paid out-of-pocket by individuals and their families. …
The Dangers of Senior Financial Abuse
Senior financial abuse, a form of elder exploitation, is a growing concern in an aging society where financial vulnerabilities increase with age. This form of abuse not only jeopardizes the financial stability of older adults but also profoundly impacts their emotional and psychological well-being. Understanding the dangers of senior financial …
