For many older adults, retaining their independent mobility and living status is a source of personal pride. However, there are many situations in which an older loved one may want to remain on their own but is clearly no longer capable of doing so. When that happens, family members may find themselves in the difficult position of needing to intervene.
A person can have a great deal on his or her mind when getting a divorce. Given this, there are a lot of things a person who has just gone through a divorce may be tempted to put off for awhile. However, there are some things it is critical to not procrastinate on following a divorce. One of these is estate planning. Estate planning missteps can have major ramifications for a divorcing person and his or her family. Today we'll go over two estate planning mistakes it is critical for individuals to avoid following a divorce.
Many people feel confused about the difference between Medicare and Medicaid. That confusion can lead people to improper planning for their medical needs as they age. Adults over the age of 65, as well as those who receive Social Security Disability benefits, typically qualify for Medicare. Medicare is a special insurance program designed to protect older adults and provide cost-effective health care options.
Creating a last will and estate plan is a complicated process. From determining whom in your family should receive which assets to deciding on your medical wishes regarding life support and other concerns, there are many things to consider. You need to take the time to create a comprehensive estate plan, including a living will.