As a retiree, you are likely hoping to enjoy your “Golden Years” without having to worry about finances. If you are concerned that may not be the case, one potential source of financial assistance that you may not have considered is your life insurance policy. Let's explore how a “senior Life settlement” from your life insurance policy works. What Is a Senior Life Settlement? You have likely been paying the premiums on your life insurance policy for years – maybe even decades – with the … [Read more...] about What Is a Senior Life Settlement?
Elder Law
Who Will Make Healthcare Decisions for Me If I Can’t Make Them?
Like most people, you probably take the ability to make decisions for yourself for. What would happen, however, if you were unable to make decisions for yourself one day because of your own incapacity? Chances are good you would prefer to make as many of those decisions ahead of time as possible to ensure that they are honored. One way to do that is to execute an advance directive. In this blog, we'll explain who will make healthcare decisions for you if you can’t make them. Are Your … [Read more...] about Who Will Make Healthcare Decisions for Me If I Can’t Make Them?
Helping Your Parents Age
Watching a parent go through the physical and mental deterioration that accompanies the natural aging process can be extremely difficult. As an adult child, you want to do something to help. Knowing what to do and when to do it can be difficult to determine. Here are some suggestions that may hep guide you as you help your parents age. Topics for Discussion As you help your parents through the aging process, you may wish to keep the following topics in mind and discuss some, or all, of … [Read more...] about Helping Your Parents Age
Assisting Family and Friends During These Trying Times
Before the onset of the Covid-19 pandemic, many of our clients were already assisting elderly or disabled family member and friends with such things as meals, medications, medical visits and shopping. Regular visits just to check in were also part of many folks’ normal routines. COVID-19 restrictions have had a large negative impact on many of these activities. So, how can you continue to assist under these new circumstances? Here are a few thoughts: Medical Issues Under a federal … [Read more...] about Assisting Family and Friends During These Trying Times
Protecting An Elderly Person’s Privacy On the Internet
The elderly are constant targets of electronic theft. Although all of us are potential targets, the elderly are especially vulnerable because they may have less experience with computers and electronic technology. Adults age 60 and older may not have as much technical experience as younger generations. Furthermore, as we age, we become subject to memory loss, which may cause us to believe we recognize email addresses or senders’ names. However, this makes them more likely to open phishing emails … [Read more...] about Protecting An Elderly Person’s Privacy On the Internet
How Can I Protect My Aging Parent?
As an adult child, one of the most difficult things you may go through is watching your parent slowly succumb to the natural aging process and/or to one of the many age-related dementia conditions, such as Alzheimer’s. At some point, you may need to consider become your parent’s conservator. Petitioning for conservatorship, however, often feels as though you are taking away your parent’s independence and autonomy. What you need to focus on, however, is that failing to act could put your parent … [Read more...] about How Can I Protect My Aging Parent?
The Truth about Elder Abuse
You have likely heard at least one horrible story recently that involves elder abuse and/or neglect. Sadly, elder abuse is becoming a common topic in the news media given the frequency with which it occurs in the United States. While you may be aware that elder abuse is a very real problem in the U.S., you may not know everything that you need to know. With that in mind, a Roseville elder law attorney at the Northern California Center for Estate Planning & Elder Law discusses the little … [Read more...] about The Truth about Elder Abuse
When Should An Elder Stop Driving?
Elder Law 101: Do you have some concerns about an older family member's driving safety? As our older family members continues to age, you probably have a lot of concerns about his or her health and safety. Are you unsure if he or she should continue to drive? Take a look at the below guide to learn more about when it is the right time to take away the keys. With this knowledge, you will be able to keep your loved one and the others around him or her safe. If you have further questions, … [Read more...] about When Should An Elder Stop Driving?
CONGRESS PASSES THE SECURE ACT: HOW DOES IT AFFECT YOU?
The most significant action of Congress in 2019 relating to retirement and estate planning was the late December passage of the “Setting Every Community Up for Retirement Enhancement Act of 2019”, commonly known as the “Secure Act”. It was signed into law shortly thereafter and is effective January 1, 2020, for most purposes. In this and future newsletters, we will look into the provisions of the Secure Act and also some strategies to maximize benefits and minimize problems created by this … [Read more...] about CONGRESS PASSES THE SECURE ACT: HOW DOES IT AFFECT YOU?
T’is The Season To Think About Your Elderly Parents’ Needs
Though they come with promises of relaxation and time with family, the holidays can also be the source of a significant amount of stress. This is especially true if you have elderly parents and visiting them during the holidays makes you realize just how old they’re getting. It can sometimes come as a shock to learn that your parents are no longer as able to care for themselves as they once were, and this holiday season it may be a good time to have a discussion with your parents about their … [Read more...] about T’is The Season To Think About Your Elderly Parents’ Needs
