Millions of Americans are currently caring for an elderly family member or friend at home, without receiving regular compensation. Depending on the circumstances, however, it may actually be beneficial for both parties to enter into a care contract wherein the caregiver accepts payment for the care they are providing their loved one and also …
Total Care Planning
Respecting Your Parents Privacy
We all have our individually defined ‘space’ – how much we disclose about ourselves, our circumstances, our finances. But there are situations that demand total disclosure! Many of us are agents for our aging parents: parents who have kept everything ‘between themselves’ so as not to worry the children. Now you are faced with deciphering …
Myths and 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 …
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Choice of Assisted Living Facility Takes Care
Choosing an assisted-living facility can be difficult. You want to make sure you are getting the place that best suits your needs or the needs of your loved one. There are a number of steps that you can take to evaluate assisted-living facilities and choose the one that is right for you. Assess your needs. Before you can choose the right …
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Plan Your Estate Before You Remarry
If you are getting remarried, you obviously want to celebrate, but it is also important to focus on less exciting matters like redoing your estate plan. You may have created an estate plan during your first marriage, but this time it will probably be more complicated-especially if you have children from your first marriage or more assets. The …