An inheritance can be the source of costly mistakes related to Medicaid and these mistakes should be avoided. When a person is drawing Medicaid benefits and inherits money or property, that inheritance jeopardizes the benefits. The inheritance must be handled…
Wills and trusts have specific but different benefits for estate planning purposes. Each state has specific laws and regulations governing these legal documents. You can have both a will and a trust; however, the information in each should compliment the…
A study conducted by The Blackstone Group, an independent research firm, on behalf of Bankers Life Center for a Secure Retirement highlights some very concerning data regarding middle-income baby boomer retirement care preparedness. According to the survey above, the bleak…
You should review your estate planning documents every so often, to make sure they’re still good, especially with big life changes like births, marriages, divorces, and moving to another state. Children grow up, marriages dissolve, property gets sold, residences change.…
Elderly Americans are the demographic at the greatest risk of COVID-19 as well as the demographic that is least likely to respond well to a vaccine. A vaccine shot works by fooling the body into believing it has been infected…
Living arrangements for older Americans are commonly leaning towards aging in place. Nearly all older adults prefer to age in the comfort of their long time homes and familiar community surroundings. Aging in place often means living alone. Pew Research…
Even in the best of circumstances, adults in senior living communities and long-term care facilities combat loneliness and some degree of isolation, which is linked to anxiety, depression, cardiovascular disease, and other ailments. During the COVID-19 pandemic, the Centers for…
It’s unfortunate that seniors are frequently common targets for financial abuse and scams. Sadly, the elderly are often taken advantage of by strangers – and sometimes even their own family members. That’s why it’s important that planning is in place…
The largest types of insurance fraud are scams targeting government and private health care insurers. Scammers frequently target government insurance like Medicare by stealing newly issued medical ID cards and then stealing identities. The Coalition Against Insurance Fraud estimates that…
Who should you trust to help you manage your finances in the event you are no longer able to do so? A power of attorney (POA), otherwise known as an agent to your principal, has the legal authority to represent…