Health care already accounts for about 10% of spending, on average, by households headed by seniors. 2021 brings more bad news for the pocketbooks of seniors on Original Medicare.
Has a family member or close friend asked you to serve as their executor, trustee or power of attorney? If you accepted the responsibility, do you know what this entails? Have you been given a copy of the documents you were named under? Do you know when you would begin serving in these roles? These are all important questions to ask or consider.
Taking a few simple steps now can potentially help save your beneficiaries thousands in legal fees and taxes.
While symptoms of Alzheimer’s and dementia do overlap, they should be treated as separate entities to best address the conditions medically.
Your aging mom is finding it harder to do the laundry or cook dinner. Dad is more forgetful, and he really shouldn’t be raking the leaves out in the front yard anymore. The time is coming when your parents are going to need help with daily living. That means you need to start looking for the right place for them to live.
After a loved one passes, one of the biggest hurdles families face is passing wealth onto the next generation. Unfortunately, family dynamics can spur conflict and infighting among descendants.
Is it better to transfer the title of the home to us, or to leave it as it is given her age and go through probate?
The time may come when your elderly mother, father or other loved one cannot fully care for himself or herself. The adult children may not have the time or resources to ensure their relative’s health and safety. At that point, it may be time for him or her to move into a residential facility that can provide the care and services needed.
Many people work hard to acquire real estate and then later find that that real estate makes them ineligible for Medicaid to help pay for nursing home or in-home, long-term care.
So how does one clean the brain? According to a study published in the journal Science, prioritizing sleep could be the key to eliminating toxins.
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