When you hear the term "estate planning," it probably conjures images of stately mansions, a stable of high-priced German cars and people who are waited upon by butlers. But this image of estate planning is completely wrong. The truth is, everyone should have some...
Month: June 2015
It’s true: Medicare pays for some long-term skilled nursing care
Just as Americans have struggled with how to pay for long-term care for senior citizens who require daily, skilled nursing, so has our government. For a long time, people without independent means to pay for nursing home care were forced to rely on Medicaid, the...
How does a guardianship work?
You've probably heard the term "guardianship" and, in all likelihood, you have at least a basic understanding of the concept, but as a legal term, its definition is a little more detailed. Many might think of a guardianship as something for only the elderly to think...
Underestimating life expectancy can cause problems when planning for future
There are many assumptions that individuals who are entering their elderly years might make when planning for the future. One such assumption is an assumption about how long they will live. One mistake individuals sometimes fall prey to when it comes to assumptions...
What qualities should a legal guardian have?
As our parents get older, the unfortunate reality is that we often witness an upsetting decline in their physical and mental health. For parents with Alzheimer's disease, this can be particularly devastating as they may no longer recognize loved ones or understand...
