Inheritance Divided Per Stirpes
In the preparation of my will, I understand property can be left to my children “per stripes.” Why is the law talking about us like we’re some kind of zebra? The phrase is Latin and it is “per stirpes,” not…
Aging Americans Increasingly Isolated and Neglected
The likelihood of neglect has been increasing because of the coronavirus, and the fact our elderly population is experiencing isolation from their family and extended community interaction. With the flu season fast on approach this isolation and the possibility of…
Five Facts You Should Know About Dementia Caregiving
Dementia, which includes the prevalence of Alzheimer's Disease, in the American population is creating difficult caregiving experiences for the family members who are responsible for providing care. Even though you understand your loved one's dementia behaviors are a symptom of…
A COVID-19 Approach for Seniors from the Biden Administration
In this article we look at the potential policies put forth by the incoming Biden Administration. With a Democratic president, the House with a Democratic majority, and a closely divided Senate we could see more moderation and consistency in policy.…
Long-Term Care Health Insurance is Collapsing
Estimates predict that about 50 percent of older adults will require long-term care at some stage of their lives. If you are an adult 65 or more, the percentage moves up to 70 percent. However, the demand for long-term care…
A Living Will is an Important Piece of Long-Term Planning
A living will defines your preferences regarding life-sustaining medical treatment. It is often accompanied by a health-care proxy or power of attorney, which allows someone to make treatment decisions for you if you are incapacitated and the living will does…
Preventing Medicare Fraud
The largest types of insurance fraud are scams which target government and private health care insurers. Scammers frequently target government insurance like Medicare by stealing newly issued medical ID cards and then stealing identities. The Coalition Against Insurance Fraud estimates that tens…
Retirement Planning Concerns for Baby Boomers
A study conducted by The Blackstone Group, an independent research firm, on behalf of Bankers Life Center for a Secure Retirement highlights concerning data regarding middle-income baby boomer retirement care preparedness. According to the survey above, the bleak financial reality of…
Aging Americans Face Escalating Long Term Care Problems
Aging Americans face an escalating crisis regarding long-term care (LTC). Industry driven, massively underpriced policies are playing fiscal catch up with hefty premium rate increases. This price increase is forcing some aging Americans to abandon their policy while others struggle…
Understand Your Parents’ Aging Strategies Before a Crisis Occurs
Many adult children in the US live far away from their parents. Managing aging parents or in-law medical events can be a serious challenge without proper preparation and understanding of what your parents' strategy may or may not be, no…