When someone gets ready to move into an assisted living facility there will inevitably be a lot of paperwork involved. Much of that paperwork is fairly straightforward and need not be a cause for concern. However, amid the big stack of needed signatures, there is one document you must review carefully before signing. That document is the admissions agreement. An assisted living admissions agreement is really a contract. And like all contracts, there are important provisions you need to understand fully. In the October 2017 edition of Consumer Reports, Penelope Wang does an excellent job of listing the key provisions you need to understand when reviewing an admissions agreement. See “Putting the Assisted Living Facility Contract Under a Microscope,” Penelope Wang, Consumer Reports, October 2017. Continue reading
The parent-child relationship is pretty well defined. Children generally don’t advise their parents. It’s the other way around. However, this dynamic can shift as parents get older and children become adults. This becomes especially prevalent when considering estate planning and elder law issues. Continue reading
Elderlawanswers.com reports that the median cost of a private nursing home room in the United States has increased to $97,455.00 a year, up 5.5% from 2016, according to Genworth 2017 cost of care survey, which can be found at www.genworth.com/aboutus/industry-expertise/cost/of-care.html which the insurer conducts annually. Genworth reports that the median cost of a semi-private room in a nursing home is $85,775.00, up 4.44% from 2016. The rising prices is much larger than the 1.24% and 2.27% gains, respectively in 2016. Continue reading
Published August 17, 2012
United Methodist Foundation for the Tennessee and Memphis Conferences
Planning for retirement and senior care is a very important activity. The activities of daily living for a senior person include eating, dressing, bathing, and walking or moving. At some point you will likely need assistance in one or more areas.