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.
As an estate planner, we have been telling clients for decades that once the scheduled changes took place, we would need to revisit their plan to ensure it still does what the clients wants it to do. Now the changes are resolved and are as permanent as they could be at this moment.
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.
Here we are in the midst of holiday excitement. We are making our lists, and checking them twice, much like the big jolly fellow in the red velvet suit. Amongst all this bliss we need to be careful about how to use our bank and credit cards and sharing contact information. Unfortunately, there are scams out there to be aware of.
A recent report from AARP found that in 2009, there were 42 million unpaid family caregivers in the United States. According to the study, the “average” caregiver is a 49-year-old female who juggles a job and a family of her own while providing 18.4 hours per week of unpaid care.
We frequently have clients whose health is deteriorating and whose finances are becoming strained, but who have strong feelings regarding staying in their homes. Perhaps they do need round-the-clock nursing care brought into their home, or they may fear becoming isolated if they leave their neighborhoods, churches or friends to move into a facility.