Preparing for an aging parents' future is a responsible step that many adult children take. Planning ahead will help ensure everyone is ready for what the future holds. Thinking about things like risk and financial management now will help you avoid issues and...
People are sometimes under the impression that they have to choose between a Medicaid nursing home in a nursing home that does not accept Medicaid. They may believe that the home that does take Medicaid is inferior. They believe it is not going to offer them all of...
Do you know what elder law means? Most New Jersey families do not. Elder law is a subspecialty of estate law. The main difference is that elder law serves older Americans while estate planning answers the needs of the whole family and the estate. Do you need elder law...
There are many aspects of estate planning that you have to think carefully about. One of these is naming someone as your medical power of attorney. This person will make health care decisions for you when you’re unable to make them yourself. It’s imperative that you...
Financial elder abuse is becoming much too common. These days, the internet, email, and cell phones make it all too easy for criminals to scam elderly, unsuspecting people. The National Center on Elder Abuse reports that seniors lose an estimated $2.9 billion annually...
Your elderly relatives have most likely shaped the person you are today. They cared for you when you were small, steered you on the right path and made sure that you never went without. For these reasons, it can be difficult to see your loved one start to lose grasp...
The amount that you save for retirement is probably a reflection of your circumstances and your lifestyle. There are also some family expectations that influence your plans. Many older adults want to live with their family members if they can no longer manage an...
Many adult children seek guardianship of their elderly parents. Courts generally allow these to be set up in instances where it's clear that the parent is no longer able to make decisions that are in their best interests. One situation that may warrant petitioning the...
A medical power of attorney i(POA) s an estate planning document that basically gives someone else the ability to make your decisions for medical care and treatment. You do not give this right over instantly, just by drafting the document. Instead, you set up...
As a married couple, you may have spent a lifetime doing everything together. However, there may come the point when this is no longer possible because one of you needs to go into long-term care. When this happens, it can place a considerable strain on your finances....
