While you read this you may think you don’t have an “estate” but if you have any combination of bank accounts, investments, real estate, business interests, life insurance policies, personal property, jewelry and collections of any sort, you will want to protect these things that really do matter. The cost of long term care without a plan could cost you and your loved ones. Simply put, a will isn’t enough!
If you plan ahead for the care which many of us will need at some point, 100% impoverishment need not be the only option. We help families everyday get through the maze of long term care planning.
How will programs that seniors rely on be affected? The good news is that big chunks of the budget are exempt from the sequester’s cuts, including Social Security, Medicaid, and veterans’ programs. But while there should be no change in benefits for these programs, the federal workforce that administers them would be slashed, leading to delays and frustration.
How common is financial elder abuse? If you detect any sudden changes in a loved one’s financial situation which may indicate exploitation, you should be very concerned and consider getting involved.
If you know of a relative, or even a friend offering care to a loved one, it sometimes helps just to have an understanding of what resources are available. Some options are more appropriate than others depending on the individual needs.
Most extended families are familiar with a circumstance or two where a relative provides the primary care for a dependent due to special needs, short term medical condition, or an elder who requires home care. Regardless of the situation, caregiving can be challenging. We are here to inform you that there are resources available in your community to help relieve such challenges. If you know of a relative, or even a friend offering care to a loved one, it sometimes helps just to have an understanding of what resources are available. Some options are more appropriate than others depending on the individual needs.
Life Care Planning is a service that helps people find and pay for good care for life. It is a “team” approach serving the needs of the client, which combines the skills of both of the Elder Law Attorney, Financial Advisors, Care Coordinators and Other Professionals.
Asset collection is very different now because many of these treasured items that used to have a physical presence are contained within computers or virtual archives in the cloud. In our mobile society, it can be very difficult to locate an asset, or once located, to gain access without a password. This data is known as a “Digital Asset.”
When a loved one cannot make proper decisions of their own, it is important to protect them from abuse, exploitation or neglect. At the same time you want to develop the maximum self-reliance and independence of the ward.
Strohschein Law Group is sponsoring a team this year to support research to end Alzheimer’s Disease. We see the impact with families as we help them navigate through the journey of caring for a loved one with Alzheimer’s and making difficult choices related to care, finances and legal concerns. Our team is walking in DeKalb on September 23rd (registration at 9am – walk at 10am) in Hopkins Park. We would love for you to join us, or would appreciate your thoughtful contribution.