According to some sources, long-term care facilities are underfunded by the government. They lack the resources to do proper inspections of residential health facilities. You may have seen the rating system provided by the Centers For Medicare and Medicaid Services (CMS). CMS awards stars to healthcare facilities on “Care Compare.” The stars are there to […]
Think twice if you believe you will not be able to qualify for Medicaid benefits because of your income or assets. If you currently demonstrate the need for nursing home facility services, you may meet health eligibility rules for a Medicaid waiver program to support the costs of in-home care instead. Each state has a […]
Estate planning is a major concern for the older generation, as you might expect, however, a survey found that 19 percent of people over 72 and 42 percent of those between 53 and 71 do not have an estate plan in place. Although managing these details can seem daunting, and even depressing, the task becomes […]
On August 14, 1935, the US federal government launched its social insurance program to provide retirement, disability, and survivor benefits. Since that time, in part due to the disappearance of extended family networks, an increase in population, and a profound increase in life expectancy, it has become challenging for the Social Security Administration (SSA) to […]
Rent in assisted living facilities can range from $2,000 to $5,000 per month. Depending on what type of care your loved one needs, assisted living can be the most affordable solution when compared to a nursing home ($5,000 to $10,000 or more per month) or long-term in-home care. If closely monitored medical supervision is not […]
Banking and payment of bills can become more difficult with age, but incapacity by accident or illness can strike anyone at any age, posing the same challenges. Incapacity is not just about mental cognition, accident, or illness. You may have a loved one who cannot drive themselves to the bank or has a distinct visual […]
We are all ready for this pandemic to be over after dealing with several waves of the Coronavirus. Unfortunately, the possibility of contracting COVID-19 remains a reality. Last year, the Biden Administration put in place the National COVID-19 Preparedness Plan to establish four key goals for handling the virus while it remains a threat: Protect […]
Three out of four Americans 50 and over desire to age in place, according to AARP. These seniors and near seniors are willing to employ alternative solutions to facilitate this. The alternatives include home-sharing (32%), building an additional or accessory dwelling unit (31%), and locating into villages that provide services that enable aging in place […]
Having a disability attorney represent your interests when applying for disability benefits has many advantages. Hiring a disability attorney can streamline the process for faster approval. Federal law regulates the fees when hiring a disability attorney to correlate to your date of entitlement or disability payback which is generally 25 percent or about $6,000. Upfront money requirements […]
In addition to guardianships and conservatorships, will contests, real estate disputes, and litigation over the true intentions of gifts, probate litigation may include guardianship disputes and conservatorship disputes. The most successful approach to mitigating or avoiding probate litigation risk is carefully planning for the future. Comprehensive estate plans that are routinely updated, careful consideration and […]
Most likely, you have a beneficiary, as beneficiary designations are common in retirement accounts, wills, and trusts. A beneficiary is an individual (or legal entity) to receive the proceeds from a financial product or vehicle when the owner passes away. What begins as a simple directive in naming a beneficiary can suddenly become complex with […]
We all dream of the day when we can retire. Planning can be done no matter what your age, but experts encourage people to start as early as possible. Retirement planning can seem like a daunting endeavor for many people as they focus on day-to-day financial obligations. Many people have no idea where to start. […]