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For many, long-term care planning means considering things like nursing homes and assisted living centers. You can work on all of this as part of your estate plan. You know that you could have many healthy years ahead of you, but that doesn’t necessarily mean that...
Multi-generational family homes do exist, but they are far less common than they were years ago. Most households contain only one or possibly two generations of family members, with children usually moving out as soon as they achieve financial independence. Although...
Minor children are generally dependent on their parents for basic necessities and the management of their care. Parents can make decisions on behalf of their minor child, from what school they should go to, to what medical care they should receive, because young...
Aging doesn’t come cheap. And studies have found that it’s only likely to get more expensive. There are many reasons for this, and they’re important to consider for those doing their estate planning and long-term care planning. A strain on...
There could come a point in your life when you require long-term care, such as at a nursing facility. While you hope to avoid this, it’s something you must plan for nonetheless. Neglecting to do so could leave you, your family and your estate in a bad place....
No one really wants to depend on Medicaid benefits, especially because people associate them with poverty, despite it being a critical safety net for those who need medical care. If you have worked your entire adult life, you have probably always had private...
You spent years working toward your retirement. You built an investment portfolio, took care of your home and made the most of your company’s retirement planning. As ready as Baby Boomers are for their well-earned retirement, many people overlook the costs of...
The concept of filial law dates back hundreds of years, most notably with the 1601 passage of the Elizabethan Poor Law. This is often cited as the first law to state adult children were legally obligated to provide financial support for their impoverished...
Most older Americans do not want to leave their homes. A national survey by the AARP found 75% of people age 50 and above want to age in place – meaning remain in their house and a part of their community throughout their golden years. It makes sense. The home...
One of the things we must consider as we age is our medical care preferences. Are there procedures or machines we are uncomfortable with? Are there specific treatments we prefer over others?It is possible for anyone to make their wishes known well ahead of time,...