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.
Say your spouse is living in a nursing home and currently receiving Medicaid benefits to pay for the high cost of that care. If you were to pass before your spouse, you wouldn’t want your spouse to inherit all your life savings. Inheriting all of your life savings would jeopardize your spouse’s Medicaid benefits, and that is not what you want to see happen.
People work hard all their lives to own a home, and it is often their most valuable and significant possession. So when health begins to fail and the need for long-term care arises, we often get this fear-filled question from our clients: will the state take away my home?
Your parent recently returned home after a long stay in the hospital and in-patient rehabilitation. The care providers assure you that your parent will be fine returning home, but you still worry. How can you make sure your parent is safe at home?
It is a challenge to keep up with US Military benefits as they are always changing, and many veterans miss out on what can be life-changing aid.
Couples often bring children into a marriage from a prior marriage or union and then have children together.
The baby boom generation is comprised of those Americans born 1946-1964, and according to the US Census Bureau (Bureau of Census), their numbers are estimated to be 73 million strong. Their estate planning should take into account their unique circumstances.
The gift tax is a tax on the transfer of assets, cash or property, to another without receiving something of equal value. The asset has to be of a certain value for the tax to apply; otherwise, it falls under the gift tax exclusion, either annual or lifetime. If the gift is above a certain value, you will have to fix out a tax form, but you may still be able to avoid the tax.
For many people, real estate, including their home, is a big part of their overall net worth. How the home and other pieces of real property is titled deserves careful consideration.
Mabel's children were concerned that Mabel would need long-term nursing-home care in the near future. It was the holidays, and Mabel always got a lot of joy out of giving gifts. But her children had heard that people in Mabel's circumstances should not give gifts. The concern is real.
Although it can be useful to have another party available to pay bills when you’re sick or away, adding a child’s name to a bank account may be more of a hassle than it’s worth. Doing so may have unintended consequences for both you and the child.