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Elder Law

Friday, April 20, 2018

5 Things to Include in an Estate Plan


Estate planning is important for people of all ages, but as we age, the need for planning becomes even more critical. Many people avoid estate planning, because they do not want to think about the end of life, failing health or disability. Others believe that an estate plan is only for rich people. However, an estate plan is helpful for the senior adult and their families regardless of overall wealth.

 

The estate is all the property owned both individually and jointly, including bank accounts, real estate, jewelry, etc.
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Friday, April 13, 2018

VETERANS’ BENEFITS – WHAT YOU NEED TO KNOW


Veterans are an important class of our population and as such, it is important to know about the various benefits available to them.  Many of the benefits are based on the type of service by the veteran, the health of the veteran, or a combination of these factors. The next several paragraphs will outline benefits veterans should be aware of, however, it is recommended veterans speak with a legal professional who will be able to tailor their benefits to their unique situation.

 

Disability benefits are available for military veterans who were disabled during their service or as a result of their service. In order to qualify, veterans must have a service-related disability rating of 10 percent or more, according to the Department of Veterans’ Affairs (VA).
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Friday, April 6, 2018

Alzheimer’s 101 – Understanding the Basics


What is Alzheimer’s Disease?

Alzheimer’s disease is defined as an irreversible, progressive mental deterioration that can occur in middle or old age. It is the most common form of dementia.

 

What causes Alzheimer’s Disease?

Alzheimer’s disease is caused by a generalized deterioration of the brain. The disease is caused by a combination of factors, including genetic, lifestyle, and environmental factors. There are a variety of factors that put people at risk for Alzheimer’s disease.
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Friday, March 30, 2018

Creative Financial Approaches to Long Term Care Services


 

Long term care insurance was sold aggressively in the 1980s, 90s and thereafter to offset the costs of seniors needing to live in a nursing home, assisted living or needing at home health care. Now, however, the business of long term care insurance has dramatically changed. What was once over 100 insurers providing LTC policy for sale has shrunk to a pool of less than twenty insurers who continue to sell the health care product. The big financial problem was that the majority of insurers had badly underestimated the longevity of these long term care policy holders and how many claims would be filed during their lifetime. The model became unsustainable from a business perspective.


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Friday, March 23, 2018

The Importance of a Living Will Directive


ADVANCED CARE DIRECTIVES: ARE THEY NECESSARY?

 

Most of us don’t like to think about the possibility of something harmful happening to us or a loved one. Because of this, we rarely think about how to protect ourselves and our loved ones if the worst were to happen. However, just as it is important to buy home insurance to protect your home and auto insurance to protect your vehicle, every individual should have an advanced care directive to protect themselves if they were no longer able to make decisions for their health care, end of life, living arrangements, and various other personal matters.

 

The basic definition of an advanced care directive is a legal document or group of legal documents in which a person puts in writing what their wishes are for their health if they no longer have capacity to make these decisions for themselves. Advanced care directives are often comprised of a living will and a health care proxy.
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