Financial scams targeting senior citizens have become unfortunately common, because they target a vulnerable population that tends to have more money in their bank accounts. These scams often go unreported and can be very difficult to prosecute, which makes them especially devastating to their victims. Therefore, it is important that victims are aware of someRead more
Every year, Genworth conducts a Cost of Care survey that pinpoints the median cost of private nursing home rooms in the United States. This year’s survey results were released at the end of October, and indicated a three percent increase in the median cost of a private nursing home from 2017. Now, that figure isRead more
As part of your estate planning, you must consider how you will arrange for your medical care and other needs if you are no longer able to take care of yourself. Many elderly Americans will enter long-term care facilities at some point in their lives, but only about 13 percent of all Americans in theseRead more
Medicaid known as MassHealth in Massachusetts is made available to low-income families and seniors to provide them with healthcare coverage and coverage for long-term nursing home care. However, not everyone qualifies for Medicaid. If you are getting close to the point where living in a nursing home could be a legitimate possibility, you must startRead more
At some point, your elderly relatives might reach a point at which they are incapable of keeping up with their financial matters, including paying their bills, managing their retirement income and Social Security and budgeting their expenses. If you decide to take on the responsibility of assisting them in these matters, it’s important you approachRead more
It is with unfortunate frequency that we see stories in the news about seniors being abused or neglected in the nursing homes that are supposed to keep them safe and happy. This abuse can range from stealing money and emotional manipulation to actual physical abuse and neglect. If you have an elderly parent in aRead more
Aretha Franklin, the legendary Queen of Soul known for songs such as “I Will Survive” and “Respect,” left behind a tremendous musical legacy when she passed away in August that will never be forgotten or diminished. Unfortunately, she didn’t leave behind any estate plans, which has resulted in a bit of a mess for herRead more
If you’re at the point in your life where you’re focused on asset protection, you’ve likely spent years building up your wealth to get to this point. In working with an estate planning attorney, you will be able to develop an asset protection plan that shields your wealth from unforeseen circumstances, such as a lawsuitRead more
As more people across the United States return to focusing on shopping local rather than giving all their money to major businesses and corporations, it’s become correspondingly more important for owners of these small businesses to develop succession plans that will allow their business to stay in operation long after they’re gone. Of course, thereRead more
An Advance Directive allows you to dictate the kinds of treatments you do and do not want at the end of your life. It comprises documents such as a health care proxy (or health care power of attorney) and living will. As you prepare your estate plan, you might wonder exactly what you should includeRead more
