As you roll out the grill on this Labor Day holiday, don’t forget to say a silent prayer on behalf of the more than 40 million Americans who currently serve as unpaid caregivers to adults ages 65 and older in the United States. These are spouses, daughters, sons, and grandchildren working in obscurity, their contributions unseen, their burdens hidden.
If an elderly relative needs to qualify for Medicaid in order to pay for long-term care costs, including at an assisted living facility or nursing home, where do you start? We posed this question to Madeline Thorn, an attorney at Fendrick Morgan, a Life Care Planning Law Firm in New Jersey.
Typically, eligibility is first determined by looking at the applicant’s marital status. If the person who needs Medicaid is married, the qualification process is less straightforward than it is for single people.
If you’re caring for elderly loved ones, it’s important to know that the senior market is large and growing, which represents a lucrative revenue-generation opportunity for companies with shady business practices.
What are the most common schemes? According to Bryan Adler, a Certified Elder Law Attorney with Rothkoff Law Group, a Life Care Planning Law Firm with offices in Pennsylvania and New Jersey, one of the biggest problems involves salespeople misusing titles and certifications for financial gain.
The COVID-19 situation has impacted every facet of daily life. The rollout of the Department of Homeland Security's REAL ID program is another one of the casualties.
Due to circumstances resulting from the COVID-19 pandemic and the national emergency declaration, the enforcement deadline has been pushed back to October 1, 2021.
If you've been worried about getting to the DMV and standing in line to get a REAL ID for yourself or an elderly loved one, there's no need to rush. You have an extra 12 months to get it done.
In the first article in the series, we explored the science that explains why older adults may be more likely to fall for financial exploitation schemes. This article, the second in the series, takes a closer look at the signs and symptoms of elder financial abuse.
What should family caregivers watch for? We posed this question to Shannon Miller, a board-certified elder law attorney at the Miller Elder Law Firm, a Life Care Planning Law Firm in Gainesville, Florida.
Over the next several decades, as Baby Boomers pass away, trillions of dollars will pass from one generation to the next. If you’re in that age cohort and you have an estate plan, you may think you’re all set.
But are you really?
If someone you love has received an Alzheimer’s diagnosis, it often takes a while for the shock to wear off. When reality starts to set in, your mind may wander to thoughts about how much it will cost. How will you find the money to pay for the things your loved one will need when he or she is living at home? The tab for things like medical care, drugs, home care, items to keep your loved one safe, and home renovations can add up quickly. If you reach the point where long-term care is needed, how will you pay for it?
The financial exploitation of America’s senior citizens is big business. Researchers say that between 20 to 40 percent of seniors over the age of 70 are affected. Financial exploitation costs older adults about $36 billion every year, roughly the same amount that McDonald's earned in 2019.
