Dear Attorney Tully: I am terrified. My husband and I are probably younger seniors than you see in your practice, but my husband is very sick and in a nursing home for long-term care. I’ve been told I have to spend down almost all of our savings, including my IRA, in order for him to qualify for Medicaid. Is this true? ANSWER: Not …
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10 Reasons to Create an Estate Plan Now
Many people think that estate plans are for someone else, not them. They may rationalize that they are too young or don’t have enough money to reap the tax benefits of a plan. But as the following list makes clear, estate planning is for everyone, regardless of age or net worth. Loss of capacity. What if you become incompetent and unable to …
Aging
I am so blessed to have my high school buddies still my closest friends (golf buddies) over 40 years later. We have gone from young athletes to college students to husbands to fathers and now grandfathers. Our hair has gotten shorter and our stomachs larger. Despite aging, we all achieve and embrace aging rather than deny it. I have noticed …
Do You Put On Your Happy Face?
We’ve all had it happen. It’s been a bad day, the kids are screaming, the dog gets out and terrorizes the neighborhood, the washing machine overflows, all heck is breaking loose and the phone rings…And it’s your friend on the other end, asking “How’s it going?” You put on your happy face, smile and say… “Just fine” Alzheimer’s caregivers are …
The Caregiver & Stress
As baby boomers age, more of them are providing care for their elderly loved ones. This can range anywhere from simply checking in on a loved one to make sure they are OK; to planning meals and managing their medications; to assisting them with daily activities, such as bathing and dressing. The people who provide this care do so out of love, …