The "Sandwich" Generation The term “sandwich generation” was coined to refer to baby boomers who were taking care of their parents while also having young children of their own. Now, as baby boomers age, more and more millennials are moving into the...
Probate is the legal procedure for administering an individual’s estate after he or she passes away. In general, probate involves collecting and inventorying all of the deceased person’s assets, identifying and notifying all beneficiaries, paying outstanding bills,...
According to the Centers for Disease Control and Prevention, more than 34 million unpaid caregivers throughout the United States provide care for an adult over the age of 18 who is ill or disabled. What’s more, these unpaid caretakers provide approximately 90% of all...
Yes! Medicaid pays for Long-Term Care. Medicare does not. Medicaid is a state and federally funded government benefit program that helps individuals pay for expenses related to healthcare as well as custodial Long-Term Care. Not only can it cover medical care, but...
When you have a disabled child, you likely are his or her primary caretaker and provider for all of his or her financial needs. You know that it is very possible that your child may outlive you, which raises questions as to the financial security of your child in the...
Guardianship is a legal option that may be available to you if your parent becomes legally incapacitated to the extent that he or she no longer can handle financial affairs or perform basic personal care. If the court appoints you as the legal guardian of your...
No one really wants to think about funeral expenses, but given the fact that funerals are quite expensive, you need to be prepared to fund these costs should the unthinkable occur. Most people don’t realize the extent of funeral costs, and, as a result, leave their...
The aging process demands that you make a number of decisions about your future that are extremely important. While many think of taking legal steps to protect your future as Estate Planning, there is quite a bit more to the process. What medical insurance will you...
Elder law is a very specialized area of the law, since it deals with a wide variety of legal issues and factors that predominantly affect individuals later in life. No matter your financial situation, everyone must confront the reality that illness, injury,...
A recent NPR story chronicles the fact that senior citizens are often in need of dental care, but rarely have any sort of insurance that covers dental care. Traditional Medicare does not cover dental work, except that which is related to services received while in a...
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