There is an acronym called LASA, or “look-alike-sound-alike,” that is commonly used when referencing medications.
An annuity is a financial product that pays a fixed amount of money every year throughout the life of the annuitant. Most annuities are deferred, meaning the payout doesn’t occur until a later date.
In the U.S., continuing care retirement communities (CCRCs) are becoming more popular. Sometimes referred to as life plan communities, the goal is to provide a long-term care option for older residents.
Elder law and estate planning are often used interchangeably, but there are significant differences between them. While some overlap exists between the two, learning and implementing strategies from both law practice types is crucial to prepare for successful aging and preserve a family legacy.
There is a report published by the Alzheimer’s Association (alz.org) entitled Alzheimer’s Disease Facts and Figures. The findings give pause when contemplating the future of many Americans who will be living with crippling dementia.
In the event of an accident or illness that prevents you from making medical decisions, an advance health care directive outlines how you want medical professionals to act. A living will is crucial for all adults because accidents or a sudden onset of severe or terminal illness can happen anytime, rendering you unable to make medical choices.
As part of the Medicaid program, individuals who meet certain asset requirements can obtain assistance in paying for long-term care (LTC). Long-term care often creates devastating financial impacts on Americans, particularly the elderly, and for those family members who lose hours of income (and more) while providing care for their loved ones.
Don’t ignore your memory concerns or those of a loved one.
Many people wonder whether Medicare covers long-term care, which is a combination of medical and non-medical services provided to individuals who are unable to perform basic daily activities on their own.
Legal guardianship over an adult is known as a conservatorship. Decisions and actions can be made on behalf of another (or several people). The conservator is the person(s) with the power to make decisions, and the conservatee is the adult who needs help with their financial, health care, living arrangements, and daily affairs due to old age, physical or mental limitations. Some conservatorships are broader than others. For example, some conservators may only have authority over financial decisions, not medical ones.
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