Seniors Face Long-Term Care Costs with 8 Trillion Dollars in Home Equity
The need for affordable long-term support services has seen a dramatic increase. Whether you struggle to pay premiums for a long-term care insurance policy or monthly bills from a nursing home, costs all around are exorbitantly expensive. The US Department of Health & Human Services (HHS) finds that Americans aged 65 or more have a […]
Let Your Health Care Power of Attorney State Your Final Health Care Decisions
If you are unable to make decisions for yourself, you can give this legal authority to someone else through a Health Care Power of Attorney, also called a Health Care Proxy or Durable Power of Attorney for Health Care. This prevents the courts from getting involved if there is a disagreement between family members and/or […]
Coronavirus Isolation Has Led to Increased Loneliness in Seniors
Growing older can present its challenges and may not be as pleasant as once thought. Diabetes, high blood pressure, obesity, heart conditions, and pulmonary problems are common hurdles to overcome or manage. Apart from these well-known health issues growing evidence points to the powerful negative effects that loneliness plays in the life of senior well-being. […]
The New Addition to the Workforce: Seniors
There is a large group of people, aged 50+ that are currently financially supporting their children and their parents, making it harder for them to make ends meet. There are over 3 million seniors or near-seniors looking for full-time employment and millions more looking for part-time work. Seniors are finding that to make ends meet […]
Tips on What You Can Do for a Family Member in Need
Substance abuse, suffering from mental disability, or living on the streets are just some of the real-life issues people are grappling with today. Many families want to assist family members struggling like that, but families are unsure how to offer that assistance, given that money might hurt more than help. Especially inheritances, which can come […]
The Benefits of the Senior Safe Act
Seniors now have federal protection, the Senior Safe Act, from financial abuse from either within a family or support system or by scammers taking advantage of them. Tens of billions of dollars each year are illegally taken from US seniors and these numbers only reflect the crimes being reported. Issue Percentage of cases reported Third-party […]
Continuing Care Retirement Communities on the Rise
Continuing care retirement communities (CCRC), sometimes referred to as life plan communities, the goal is to provide a long-term care option for older residents. These residents prefer to live in the same community, though in different phase locations, during their aging process. In essence, it is a continuum of care that will see you through […]
How Does the Probate Process Work?
The probate process involves authenticating the deceased individual’s will, assessing the assets, settling debts and taxes, and oversee the allocation of the inheritance. After an asset-holder dies, the court will appoint a valid will’s executor to administer the probate process. In the absence of a will, the court will appoint a state administrator to handle […]
Britney Spears’ Conservatorship
Britney Spears started her career with the Mickey Mouse Club at the tender age of eight. Later, when she was in her twenties, she was reported as having a bit of an emotional melt-down and ended up spending some time in an institution. At that time, given that she couldn’t care for herself and her […]
Many Older Adults Living Paycheck to Paycheck
It is a tragedy that 45 percent of older Americans are having problems meeting their basic obligations. Many of these older adults must routinely shuffle their available resources in an attempt to keep quality health care, a roof over their heads, lighting, heating and air conditioning, cash resources for food and medicine, and other life […]