With changes in medicine, technology, and socioeconomics, it’s no surprise that that assisted living is changing, too. The rising cost of assisted living means that some families are looking to new alternatives, while those who consider traditional assisted living...
According to the U.S. Department of Health and Human Services, someone turning age 65 today will have a 70 percent chance of requiring some long-term care (LTC) service and support during the remainder of their life. For women, the typical LTC need will last about 3.7...
When it comes to establishing wills and estate plans, older Americans outpace their younger counterparts. Still, a significant number — 19 percent of those over age 72 and 40 percent of those between 53 and 71, according to survey data, lack any type of estate plan....
Most people know what an estate planning attorney does, but the term “elder law” can be a little more confusing. The concerns between the two overlap. But there are definitely some important distinctions. The Similarities No matter how old we are, life can deliver...
We often think of retirement accounts as huge resources. It is easy to see why – we spend our working years socking away money for our future. Unfortunately, though, the rising cost of health care can quickly deplete even the largest of retirement funds. Because...
If you become incapacitated, who is going to take care of you? You will not be able to make medical decisions for yourself and you will not be able to manage your day-today affairs. If you do not have the appropriate estate plan in place, your family may be headed...
