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
In 2016, a couple of events occurred in my life that had significant impacts on me and my family. On July 4th, while I was relaxing at my mother-in-law’s home and taking a nap under a tree, a limb fell out of the tree and hit me on the head. But for the chair in which I was sitting having a cover which broke the fall, I am quite certain the limb would have taken my life. Continue reading
Thinking about Mom or Dad taking a fall is a scary thought indeed—every year more than 2 million older adults are taken to the ER to be treated for fall related injuries. However, while approximately 1/3 of all Americans over the age of 65 will suffer a fall at some point in their life falling is certainly not an unavoidable part of getting older. You can help elderly parents reduce their risk of suffering a potentially dangerous accident by being aware of the top fall risks for seniors. Continue reading
You have completed a will and perhaps a revocable living trust. Your durable power of attorney for healthcare and a living will are accompanied by a HIPAA release. All of your records are safely in place and carefully organized.
So you now are finished with your estate planning. Or are you? Will there be changes in your circumstances or your family that should lead to a review of your plan? Could some events cause you to need to revise or update the plan? Continue reading
By Jennie L. Phipps · Bankrate.com
posted Thursday, January 15, 2015
- Being old and poor in the U.S. isn’t easy — or uncommon.
In 2010, about 26 percent of people 65 and older had individual incomes that were between the federal poverty level — $10,458 — and 200 percent of the poverty level — $20,916. Another 9 percent had incomes below the federal poverty level, according to the U.S. Census Bureau.
That adds up to more than a third of people 65 and older living on less money than it takes to enjoy a secure retirement. Continue reading