America has three major housing issues for seniors: affordability, physical accessibility, and access to medical care and other services. There is a need for creative solutions to housing.
For high-net-worth families, many legal strategies are employed to preserve wealth and minimize taxes. However, tax laws continually change and can impact new and existing estate plans. For example, the SECURE and SECURE 2.0 Act presents some challenges and opportunities in high-net-worth estate planning and the ability to transfer
There is a growing trend toward Americans aging in place when it comes to housing arrangements for the elderly. Nearly all older adults prefer to age in the comfort of their long-time homes and familiar community surroundings. Aging in place often means living alone. Pew Research findings show that older
A probate court validates a will and ensures an executor manages the decedent’s assets and debts in accordance with the law and the decedent’s wishes. To begin probate, a personal representative or executor must file with the county court where the decedent lived, even if there is a property for
Among aging Americans, continuing care retirement communities (CCRCs) or life plan communities have become increasingly popular. These senior living communities offer the array of care options necessary for aging adults to move through the stages of independent, assisted living, memory care, and skilled nursing facilities. Beyond health care, CCRCs offer
In estate planning, special needs children require special consideration. You’ll need to assess how your child will be able to function in the world as they age. There are many questions to answer, including: What is the child’s long-term prognosis What type of care is anticipated to meet their needs?
There is a common acronym in healthcare called LASA, which stands for “look-alike-sound-alike” and refers to medications. Healthcare workers may recognize the acronym LASA, which stands for “look-alike-sound-alike” and is usually used to refer to medications. Both Medicare and Medicaid were started in 1965 under Lyndon B. Johnson’s administration in
Adults rarely create wills, let alone estate plans that address their online profiles. As your online presence grows professionally and personally, taking charge of your digital assets and plans for them after you die becomes important. Some social media companies like Facebook, Instagram, and Twitter provide users with options to
Travel by people with disabilities is commonly referred to as â€œaccessible travelâ€ and â€œdisabled travelâ€. There is a lot to consider when traveling with a disability. Proper research, planning, and preparation are crucial. In the past, traveling as a disabled person seemed like an overwhelming and sometimes impossible task. However,
It may be necessary for you to act as a power of attorney for a family member or a friend. Your person may be planning for when they might become unable to take care of their affairs. For example, they might become disabled or incapacitated, and they would need a