Estate Planning Isn’t Just For The Elderly
In your 20s, you often focus on exploring new opportunities, whether it is starting a career, traveling or building relationships. It is easy to think that estate planning, including setting up a healthcare proxy, is something you can postpone until you are older....
A health care proxy is an arrangement where you can appoint another person to make medical decisions on your behalf during specific situations. This person is your health care agent, someone who will help enforce your wishes and preferences when you are unable to make...
For most people, there comes a time in life when they need long-term care. This type of care is for later stages in life when individuals may struggle with health issues or natural declination in physical abilities and require extra help to handle daily needs. It is a...
While people know the importance of wills and trusts, future health care should also top the list of your future plans. According to LongTermCare.gov, a person currently aged 65 has nearly a 70% chance of requiring some form of long-term care support. While no one...
If the time has come for you to locate a nursing home for your elderly parent, you want the best you can find. You can research the matter in different ways but visiting facilities and asking questions will provide valuable information to help you make an informed...
It is no big secret that the elderly are targets for both caregiver and financial abuse. In fact, according to statistics, the aging population loses more than $3 billion annually to swindlers. Here are three tips to help keep you and your family safe from those with...
Choosing to place one or both parents in a nursing home or other long-term care facility is never an easy decision. However, moving a parent to a location where they can receive around-the-clock care may be in the best interests of both the aging parents and their...
If you have an aging parent who needs quality care, it is important to look at all available resources. Long-term care can be costly, but if your parent is a military veteran, you may be able to circumvent some of these costs. Whether you are looking at nursing homes...
If you are caring for an elderly parent, you may have already made some difficult decisions. Unexpected circumstances can arise, leading you to rearrange your schedule and finances quickly. You also might feel like as you do everything you can to help someone else,...
If you have a loved one who no longer has the cognitive and communicative ability to handle his or her own affairs, you may worry about how you can help provide needed assistance. In New York, Article 81 guardianship may be an option. This estate planning tool allows...