How Do I Help My Parents with Money Problems?
Adult children often need some money from their parents. However, what do you do when your parents need financial help?
Adult children often need some money from their parents. However, what do you do when your parents need financial help?
When a loved one is experiencing cognitive decline, emotional and medical considerations often overshadow the financial planning that needs to happen. This is a potentially costly mistake.
Long-term care, often called custodial care, is a range of services and support to meet health or personal care needs over an extended period of time. This is non-medical care provided by non-licensed caregivers.
When you put your assets into a Medicaid Asset Protection Trust (MAPT), Medicaid does not count those things toward the asset limit.
There’s a fine line between holding on to important financial and medical records … and hoarding.
No one likes to think about needing long-term care. Yet the reality is that many people will, at some point in their life.

According to www.longtermcare.gov, 28% of people aren’t planning for future nursing home care because long-term care costs are so high, and 45% of people simply don’t know how to plan. My own experience with both advisors and clients reflects this. As a long-term care planning attorney, this is concerning to me: there are many, many options for planning for future long-term care needs, but people don’t know they exist! This is a significant problem, but there’s a solution available if we know why the problem exists. [Read More]
It should come as no surprise that where we are born, grow, live, work, play, and age can have a dramatic impact on our health.
Domicile – the place a person calls “home” – can have a significant impact on Medicaid eligibility and what benefits are available to help with long-term care.
Domicile – the place a person calls “home” – can have a significant impact on Medicaid eligibility and what benefits are available to help with long-term care.