Aging is the sign of a successful life. After all, when you think about the alternative to aging your perspective about getting older shifts. You should start seeking self-sufficiency for your retirement years well before the age of sixty-five. But, even if you have not done so, don’t shun the planning stages. You need to address planning no matter what your age.
You may think your living will is in order, including instructions regarding resuscitation commonly referred to as a DNR (do not resuscitate). While your wishes in a living will may be appropriately documented, that does not guarantee the instructions will be carried out as you stated.
Choosing a nursing home for a loved one is an important decision and should be carefully considered. It is important for families to take the time to explore nursing home options and to carefully assess the nursing home facilities in order to choose the best care for the loved one.
While medical advances are keeping seniors alive longer, the associated healthcare costs in the quest for longevity are being off-loaded onto the older individual at a time when reduced income is a hallmark of senior living.
Life plan communities, often referred to as continuing care retirement communities (CCRCs), are an increasingly popular choice of aging Americans. These communities offer the array of care options necessary as seniors move through the stages of aging that include independent or assisted living, m...
Long-term care insurance has become increasingly expensive throughout the years. If you find yourself out of options, consider this creative approach to ensure your financial assets as you age.
Retirement accounts take careful planning. Choosing your beneficiaries is an essential step in the process and must be taken seriously. Learn more about retirement account beneficiaries and some tips to make it go smoother.
Alzheimer’s is a tragic disease that unfortunately affects thousands of people in their old age. Learn the basics of this disease and the necessary steps to take to plan for the future.
Medicare Advantage plans are put in place to ensure the care and safety of our loved ones during their later years. But are they leading to lower quality nursing homes? Read on to learn more.
Securing benefits as a veteran is more difficult than it needs to be. Discover how having a professional advocate may work out in your favor and expose you to formerly inaccessible recovery options.
Planning for the future becomes increasingly essential as you age. Learn more about advanced care directives, what they do, and how you can benefit from drafting one today.
It is essential not to leave anything out of your estate plan. Make sure to include these 6 important things to ensure that your heirs rightfully recover your assets upon your passing.
President Trump signed the Economic Growth, Regulatory Relief, and Consumer Protection Act into law on May 24, 2018. The Act contains a section that was once a stand-alone bill from Sen. Susan Collins (R-Maine) which is designed to encourage the reporting of elder (age 65 and older) financial...
Long term care (LTC) is a term that has many facets to its definition. It is comprised of a variety of services that meet medical and non-medical requirements for people who cannot care for themselves for long periods of time. It is a highly individualized care system which can be formally or...
There are demographic and cultural shifts occurring in the United States. The baby boomer generation continues to “gray” the country and is changing the way individual states set budgets and health care policies. More attention will be paid to the needs of the post age 50 generation(s) . Chan...
For some seniors in the baby boomer generation aging brings with it new challenges in the form of solo aging. Solo aging is a senior who has no children and no younger (or healthier) family members to assist them as they age. As in generations before, baby boomers are living longer and health...
Respite care is substitute care when a caregiver needs a break. If possible, these breaks should be scheduled regularly, giving the caregiver time to rest. It can be for a short period like a day or a few hours or for the purpose of giving the caregiver a vacation. Respite care is often overl...
Arizona and Florida are the latest states to request a waiver from the requirement that states provide three months of retroactive Medicaid coverage to eligible Medicaid recipients. Medicaid law allows a Medicaid applicant to be eligible for benefits for up to three months before the month o...
Moving can be one of the toughest decisions to make and go through with, especially when you’re moving away from everything you know. This is something that often becomes a reality for many aging individuals, and in some cases, sooner than expected. A perfect example is when...
No one likes to think about the end of their life, but it can happen before you expect it. Will your spouse, children, and other family members be provided for, or will they be fighting in court for years over what’s left of your estate? The more money, assets, and property you have, the greater your need for an estate plan...
A power of attorney is a highly important aspect to consider when you begin your estate planning process. A durable power of attorney can help you handle your finances and estate when you become unable to do so...
Giving your house to your children can have tax consequences, but there are ways to accomplish it tax-free. The best method to use will depend on your individual circumstances and needs. Leave the house in your will The simplest way to give your house to your children may be to leave it to them...
The main purpose of a will is to direct where your assets will go after you die, but it can also be used to instruct your heirs how to pay your debts. While generally heirs cannot inherit debt, debt can reduce what they receive. Spelling out how debt should be paid can help your heirs. If someon...
After staying the same for five years, the amount you can give away to any one individual in a particular year without reporting the gift will increase in 2018. The annual gift tax exclusion for 2018 is rising from $14,000 to $15,000. This means that any person who gives away $15,000 or less to...
From time to time, insurance companies have implemented deceptive practices to get individuals seeking long-term medical coverage to enroll. However, these companies are rarely held responsible for their behaviors as many have accepted misleading ads and false promises to be a part of the process. Join us as we explore a case where a policyholder took action against her insurance company for their shady practices...
For a comprehensive plan that will meet your needs or the needs of a loved one, contact us today. Located in Downtown Milwaukee, we proudly provide legal advice to those in Milwaukee County and surrounding communities.