Low-income families and individuals are covered by the Medicaid program in the United States. However, because of the steep costs associated with long-term care, Medicaid planning is a growing trend for individuals with higher net worth as an alternative to…
Based on findings from the US Department of Health and Human Services, almost seventy percent of retirees in America will need some type of long-term care (LTC), with average annual costs for such services ranging between $53,768 and $105,850, according…
Waiting to discuss finances with your aging parent, who may be in cognitive decline, is a mistake, according to financial experts. Gathering all the information necessary for a thorough financial assessment of their aging needs will take time. When your…
Those who provide care for their parents while simultaneously caring for children are part of the sandwich generation. Generations are part of the expression; however, they do not refer to people born at a specific time. Most of these "sandwich"…
Elder law is a highly specialized area of law focusing on the legal needs of older adults encompassing more significant issues like long-term health care needs, quality of life, and financial well-being. Specific planning may include estate planning and administration,…
It is unclear whether or not your parent has a plan in place for long-term care. It is a difficult topic to broach; no one wants to talk about death and the financial realities that come with aging. Instead of…
The prevalence and incidence of Alzheimer’s are predicted to sharply increase according to a study by The Lewin Group on the behalf of the Alzheimer's Association. By the year 2040 more than twice as many baby boomers will have Alzheimer's…
Our most vulnerable family members are in our nation’s nursing homes. When the novel coronavirus did hit, these nursing homes became its ground zero as many residents and workers did not receive testing, and staff found obtaining personal protective equipment…