Purchasing long-term care insurance is certainly a big investment that many Americans feel is out of their financial reach. There's also the chance that purchasing long-term care insurance will be a waste of money if the progression of your life determines that you...
Month: June 2018
Many gaps can be left in care planning
Care planning has been an integral part of individuals' lives for decades. However, 50 years ago, it was much easier to figure out how to pay for long-term care if the need arose. One reason why it has become more difficult is because people are living longer....
The duty of the estate administrator
Finding the time, energy and motivation to create an estate plan is small feat. Yet, successful creation of one of these plans is just the start of the asset distribution process. In fact, an estate administrator plays a significant role in this process, as he or she...
Nursing home abuse isn’t just physical in nature
On various occasions, this blog has discussed nursing home abuse and how damaging it can be to those who are victimized. Oftentimes, discussions of nursing home abuse are couched in terms of physical harm. Although physical injuries are more common than many people...
The supplemental needs trust
Gathering the courage and motivation to engage in estate planning can be quite an ordeal in and of itself. However, the process can be much more difficult to tackle if you have unique circumstances that must be addressed. One such issue is when an heir is one who has...
Steps to make the estate planning process less overwhelming
Estate planning should be a part of every individual's life. However, many people choose to put off estate planning for far too long. Some never wind up engaging in it. There are a variety of reasons for the hesitation and procrastination. More often than not, people...
Statistics regarding long-term care
It's uncomfortable to think about the limitations we may face when our bodies age. Yet, doing so is imperative because a significant number of us will face health that declines to the point that we will likely need assisted care. This care can take on many forms and...
4 questions about long-term care insurance
No one knows when tragedy will strike, and no one expects to become disabled or incapacitated. However, if something like this happens to you or your spouse -- and long-term care is required -- you will want to be financially prepared. One way that couples prepare for...
