Category Archives: Health Care
Ten Organizations that Provide Resources for Seniors Who Live Independently
America’s aging population is becoming comprised heavily of tech-savvy baby boomers. By 2030 all boomers will have hit 65 years of age, accounting for 18 percent of the US population. This demographic is driving significant and lasting challenges as 10, 000 baby boomers turn 65 every day. Aging in place is a significant trend… Read More »
Affordable Long-term Care in the US is an Urgent Priority
The challenges ahead are many as AARP reports that the population age 85 plus, the most likely to need long-term care, will more than triple between 2015 and 2050. Elected leaders must rethink institutional care and its affordability and make improvements while creating innovative long-term care options for those Americans who are aging in… Read More »
How Do You Ask Parents about Estate Planning?
How do you ask your parents about their estate planning? No matter how you slice it, it’s a touchy subject to bring up. You don’t want to come off as greedy when asking your parents about their estate planning. However, you need answers to certain questions to ensure that their financial wishes are carried… Read More »
What are Power of Attorney Options?
FedWeek’s recent article entitled “The Options in Granting Powers of Attorney” explains that a power of attorney designates someone else to handle your affairs, if you can’t. Here are the major types: Limited power of attorney. This allows an agent to act on your behalf under specific circumstances, like a home sale closing that… Read More »
What Basic Estate Planning Documents Do I Need?
AARP’s recent article entitled “Sign These Papers” suggests that the following documents will give you and your family financial protection, as well as peace of mind. Advance Directive. This document gives your family, loved ones and medical professionals your instructions for your health care. A living will, which is a kind of advance directive,… Read More »
How to Plan for Incapacity
Planning for incapacity is just as important as planning for death. One is certain, the other is extremely likely. Therefore, it makes sense to prepare in advance, advises the article “Planning ahead for incapacity helps you and family” from The Press-Enterprise. Let’s start by defining capacity. Each state has its own language but for… Read More »
Why Everyone Needs an Estate Plan
Financial planners know that most people need to have estate plans, no matter how much or even how little money they have, as explained in this recent article “I’m a financial planner, and there are 3 reasons everyone needs an estate plan no matter how much money you have” from Business Insider. An estate… Read More »
What Will Biden Do with Medicaid, if Elected President?
Biden’s proposal is ambitious. It addresses the long-term care needs of the Medicaid population in a fairly complex manner. The proposal continues to leave big gaps in Medicaid-based care and does nothing for the millions of people who need long-term support and services but are ineligible for Medicaid. Biden’s plan is part of an… Read More »
Do I Need a DNR in My Estate Plan?
Forbes’s article entitled “Should “Do Not Resuscitate” Be Part Of Your Estate Plan?” explains the difference between a health care proxy and a DNR. A health care proxy is a legal document that lets you name an agent to make health care decisions for you. It is used if you’re unable to make those… Read More »
The Hardest Question: Who Draws the Line?
In this Covid-19 epidemic, a wrenching question especially demands an answer: if you or someone you love is taken down into life-threatening illness, how far would you want extreme life-prolonging measures to be tried? For us who are particularly vulnerable – seniors, those with compromised immune systems, those already struggling with medical conditions –… Read More »