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…
Care.com’s annual estate planning survey for 2019 found that 57% of adults in the U.S. do not have a Last Will & Testament (a “Will”). The survey found that participants were more likely or less likely to have a Will…
Assisted living monthly costs can vary from $2,000 to $5,000. Depending on what type of care your loved one needs, assisted living can be the most affordable solution when compared to a nursing home ($5,000 to $10,000 or more per…
A letter of instruction can be a beneficial piece of your estate plan. It is an informal document that will give your loved ones important information about personal and financial matters after your death. Letters of instruction are not legally…
Your parent is getting older and you are uncertain if there is a plan in place for their future care. It is a difficult topic to broach; no one wants to talk about death and the financial realities that come…