Have you thought about what would happen if you got so sick you couldn’t communicate with your doctors? Would you be surprised to hear that thinking about such difficult questions, as where you would want the line drawn, between a life worth living and the other kind, can be rewarding?
Here is why that process can be more beneficial than you might first imagine.
Peace of mind
Imagine that you...Read More
Life expectancy in the United States has continued an upward trend over the last several decades. The average life expectancy for men is 76.4 years and the average for women is a healthy 81.2 years of age. What has not trended upward, however, is the number of people engaging in long-term care planning. The fact is, 63 percent of Americans age 65 or older will need either in-home nursing care...Read More
An elder law attorney specializes in the legal needs of elderly people, veterans, and adults with special needs. Elder law is a specialization that has only been around for about twenty-five years and was born out of necessity. With life expectancy increasing, people are dealing with rising health care costs and an increase in debilitating diseases like dementia.
A major role of elder law...Read More
The United States government provides many benefits and resources for seniors. Chief among these benefits is a government health care program called Medicare. While this may seem like a household name, many seniors are unaware if they are eligible, and what benefits they may receive.
Medicare is the federally funded health insurance program that covers most people aged 65 and over. Original...Read More
One day William’s daughter read in an article that a will was not the best way to leave property to heirs. Wills often involve long and expensive court proceedings and there are other, more-efficient ways to pass on savings to family. But William was a person who knew his own mind, and he felt sure that a simple will would be good enough for him.
A will without court approval is nothing more...Read More
With social security benefits failing to keep pace with the rising costs of living and the future of Social Security itself in jeopardy (the Social Security Administration says it will be entirely depleted by 2034) senior citizens need to find as many ways as possible to save money to ensure their financial survival. Here are a few strategies intended to keep seniors costs down without...Read More
Meet Charlie, a 72-year-old Vietnam veteran. All of Charlie’s life, he’s done everything on his own and rarely accepts help from others, even more rarely will you find him admitting he needs help. He is stubborn as a mule and strong in his convictions, chiefly of which is his sense of pride in taking care of his family and himself with no assistance. However, his daughter, Lisa has begun to...Read More
It is a truism that you spend the first half of your life trying to get something and the second half of your life trying to keep it. If you are a senior, or very nearly there, it is time to review how you plan to protect your finances.
Check Professional Credentials
Unless your expertise is in senior financial planning the best thing to do is get qualified help. Be sure to check professional...Read More
Senior adults can be more susceptible to identity theft than others. Identity theft is a crime that is on the rise. It involves a criminal stealing personal identifying information to create a new identity or to steal money from the victim. Senior adults are targeted for a few reasons. One reason is that they often have more money saved after a lifetime of working than younger people. Another...Read More