You should check your estate planning documents every so often, to make sure they're still good, especially with big life changes like births, marriages, divorces, and moving to another state. Children grow up, marriages dissolve, property gets sold, residences change - life happens!
The subject of inheritance can often be an uncomfortable conversation among families. Talking about how much money or property you have is usually viewed as taboo. Asking someone else about what they have is often considered impolite. But failing to talk to kids about how much they may inherit c...
According to AARP, aging at home is a goal for 3 out of 4 Americans aged 50 or more. Aging in place presents some physical challenges.
One of the many reasons why covid-19 has effected seniors drastically is 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 Disease Control and Prevention (CDC) senior facility guidelines have increased problems of isolation for the more than one million American adults who live in assisted living facilities and nursing homes.
Compared to younger generations, aging Americans are typically more equipped with planning for their estate. Still, a significant number — 19 percent of those over age 72 and 42 percent of those between 53 and 71, according to survey data — lack any type of estate plan.
There are many reasons that the working elderly can benefit from short term disability insurance.
Home ownership is a founding principle of the American Dream. For many people, their home is their most valuable possession. So when health begins to fail and the need for long-term care arises, we often get this question from our clients: will the state take my home?
In October 2017, President Trump signed into law the Elder Abuse Prevention and Prosecution Act. This bill was designed to combat the growing epidemic of the elderly being taken advantage of financially and abused physically.
According to AARP aging at home is a goal for 3 out of 4 Americans aged 50 or more, but this presents some physical challenges. These seniors and near seniors are willing to employ alternative solutions to facilitate this. The alternatives include home sharing (32%), building an additional or acc...
There are many reasons that the elderly need short term disability insurance. Take for example Sandy who was a caregiver for her 85-year-old mother. Sandy still worked full time and would help her mom in the evenings and weekends. Unfortunately, Sandy was in a serious car accident and would be ou...
Advanced Health Care Directives (commonly called "living wills") lay out your preferences for life-sustaining medical treatment. The document includes a "health-care proxy" or "agent under power of attorney for health-care," which allows someone to make treatment decisions for you if you are incapacitated.
Criminals come out of the woodwork whenever people are vulnerable or in need. Nobody needs reminding, these days, how many of us are feeling vulnerable.
As some of the most vulnerable Americans to the COVID-19 pandemic, older adults are staying at home to lower their risk of infection as the coronavirus spreads throughout communities. Unfortunately, this isolation can increase risk for elder abuse, exploitation, and neglect.
Although owning property with family may let you pass on the asset without going through probate, there are several risks, including taxes, creditor exposure, and loss of control.
The smart personal assistant (AKA, smart speaker) revolution is moving forward at a breakneck pace. It took approximately 30 years for the cellular telephone to begin outnumbering people on the planet, but smart personal assistants are projected to outnumber humans in half of that amount of time by 2021.
For anybody, no matter what age, moving is one of the most challenging stressors in life. It’s right up there with death of a loved one, divorce, illness, and job loss. For elders, moving can be especially traumatic.
We are living in confusing and scary times. The senior population has been identified as the most at-risk demographic for COVID-19. Information coming out about COVID-19 is very fluid, which can also contribute to overall stress. Thankfully there are ways to try and manage stress and stay as healthy as possible during this time thanks to advice from several federal agencies monitoring the situation and the impact of COVID-19 on the senior population.
Many of us are facing unprecedented challenges during this coronavirus pandemic, and it has increased anxiety and fear levels in all of us.
The medically recommended protocols for social distancing and government mandates that restrict large gatherings to slow the spread of the coronavirus are minimizing our abilities to interact with each other. Following these tips can help you and your loved ones stay socially connected even while social distancing.
The use of voice-first technology is rising as the COVID-19 pandemic continues to spread across America and disrupt day-to-day lives. Those who are age 65 or higher experience a higher virus fatality rate, and the Centers for Disease Control and Prevention (CDC) continue to recommend that older adults stay at home as much as possible, especially those with underlying health conditions.
Through the use of videoconferencing over wireless devices and remote health monitoring, telehealth can connect patients to vital health care services. According to the American Hospital Association (AHA), fully 76 percent of US hospitals are using some form of telehealth for their patient groups.
Caring for a seriously ill spouse can trigger relationship challenges. In the process of change, you can lose your best friend, your lover, and your future as you both had imagined it.
Although the Winthrop office of Levey, Wagley, Putman & Eccher, PA, is temporarily closed to the public during the “stay at home” period currently in effect at least through April 30, Mr. Eccher, Ms. Breerwood, and Mr. Hasenfus are still advising clients. “Legal services” have been deemed by the Governor to be an “essential business.”
Congress passed the Achieving a Better Life Experience (ABLE) Act in 2014. This created tax-advantaged accounts called "ABLE Accounts," for people with disabilities.
A letter of instruction can be a beneficial piece in estate planning. It is an informal document that will give your loved ones important information about personal and financial matters after your death.