In Colorado, conservatorship allows a conservator/fiduciary to handle the financial matters of an incapacitated person, the protected person.
Medicaid provides health care insurance for 4.6 million seniors across the country, including long-term care costs. Most of these seniors also receive some medical benefits from joint enrollment in Medicare.
A sheepish admission from a grandmother that she had been swindled of her savings launched a Washington state stay-at-home mother into action and advocacy.
A New York Times book review had an especially personal tone. The reviewer is living with an advanced cancer diagnosis and grappling with care decisions.
Add it to idk, lol and tmi? Or maybe this acronym never reaches the same prominence in pop culture. But it does relate to an important topic for any couple with young children that is all too often overlooked.
When do financial decision-making abilities peak? It is probably much early that you’d imagine. Studies have found that it is the mid-50s. Then skills begin to deteriorate. “The older the wiser” adage doesn’t translate to managing finances.
It’s hard to believe that it was almost two years ago when we first wrote about ABLE accounts. While similar to college savings accounts, these accounts allow those with disabilities to have savings accounts without affecting Supplemental Security Income (SSI) and Medicaid eligibility.
A grandfather becomes abusive (from later-diagnosed dementia) and alienates family. An adult child stops taking medication to treat severe mental illness and goes off the grid. A cherished granddaughter continues to lose a fight against addiction.
The U.S. Department of Justice has recently prosecuted defendants across the country related to a Jamaican lottery scam. In a recent webinar discussing elder financial abuse, a lawyer with the DOJ stressed that effective schemes do not work if they sound to go to be true.
Cracking down on fraudulent schemes that target older Americans is the goal of bipartisan legislation recently introduced by U.S. Senators Amy Klobuchar and Susan Collins. The Senior Fraud Prevention Act would help educate seniors and improve monitoring.