If you haven’t spoken with your parents about their retirement funds, estate plans, and wishes regarding medical treatment, you should. The Department of Health and Human Services has data showing that around 70-percent of senior citizens will require some form of long-term care during their life. What this means is that your parents may be getting ready to retire, or already are retired, but any major problems they have will likely become your problems, too, so it behooves you to sit down and … [Read more...] about What You Need To Discuss With Your Aging Parents
Elder Law
Seniors, Retain Your Independence
There is bad news for our nation senior citizens: just because you were independent when you were younger, it doesn’t serve as a guarantee that you’ll remain independent now. Unfortunately, the passage of time can have a detrimental effect upon our ability to care for ourselves; an affect that is made much worse by the sedentary lifestyle with which many seniors greet retirement. If you want remain independent for as long as possible, then heed this advice: Stay physically and mentally … [Read more...] about Seniors, Retain Your Independence
Deciding When To Take Away The Keys From Mom Or Dad
Now that the holidays are over and you’ve spent time with family and friends, take a moment to consider how your elderly parents were handling things. For some people, it may have been a bit of a shock to learn that your parents have aged since last you saw them, and you may be wondering whether it’s safe to allow them to continue to drive. While people can still drive safely well into their 80s and even 90s, and teenagers are the most likely to be involved in an accident, there are some factors … [Read more...] about Deciding When To Take Away The Keys From Mom Or Dad
When a Nursing Home is Out of the Question
For an elderly parent who has lived in the same house for years, or even decades, the idea of having to move to a nursing home or assisted living facility is often something they won’t even entertain. Yet the realities of aging often require an elderly person to make changes to his or her lifestyle in order to live safely in the family home. If you have an aging parent who does not want to move to a nursing home facility yet who nevertheless needs assistance, there are a couple of options you … [Read more...] about When a Nursing Home is Out of the Question
Getting a Grip on Long Term Care Insurance
The cost of long-term care, such as paying for a nursing home, continues to rise every year. It isn’t uncommon for someone to have to pay $80,000 or more for a single year in a nursing home environment. Because of this, many people choose to incorporate long-term care insurance into their estate plan as a hedge against the potential costs involved with long-term care. However, long-term care insurance is not right for everybody, and there are issues you want to consider before deciding to obtain … [Read more...] about Getting a Grip on Long Term Care Insurance
Frequently Encountered Medi-Cal Myths
Whether you are developing a Medi-Cal plan, or are curious about how Medi-Cal applies to you, you may have come across a number of myths and popular misconceptions about the program. Medi-Cal is California’s version of Medicaid, and like Medicaid programs in other states, there are specific rules and laws that apply. While these laws are very complicated and hard to understand, you shouldn’t believe some of the more popular misperceptions about the program, and you should always talk to an … [Read more...] about Frequently Encountered Medi-Cal Myths
Elder Care Can Cost Children
Studies show that by 2050 the portion of the population aged 65 and over will be more than double the current level. This is primarily due to the aging baby boomer generation who is reaching retirement age at about 10,000 individuals per day. When it comes to taking care of the elderly families, more and more people are saying that eldercare will impact their daily lives. According to the AARP, about 42 percent of workers in the United States provided unpaid eldercare to a family member or … [Read more...] about Elder Care Can Cost Children
