Currently, people ages 65 and older make up a little less than 9 percent of the population worldwide. A new report commissioned by the National Institute on Aging (NIA) claims the world’s senior population is expected to grow to around 17 percent by the year 2050. These projections have the number of Americans 65 and older growing from 48 million people to 88 million. Continue reading
If you are a caregiver looking for financial assistance, there are several programs that may be able to help you. While you will still have to pay some out-of-pocket, taking advantage of these services can help you reduce the amount that you are personal spending on caregiving. Here are three ways you can get financial help. Continue reading
What are the financial issues that come with remarrying later in life? I’ve been seeing a wonderful man for two years, and we’ve been talking about marriage, but I want to make sure we understand all the possible financial consequences before getting hitched.
That’s a great question. Getting remarried later in life can actually bring about a host of financial and legal issues that are much different and more complicated than they are for younger couples just starting out. Here are some common problem areas you need to think about, as well as some tips and resources that can help. 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.
Paul B. Plant
Harwell & Plant
National Academy of Elder Law Attorneys
When I first started practicing law about 40 years ago, my late father-in-law and senior partner, Judge W. A. “Bud” Harwell offered Mike Bottoms and me a lot of good advice. Possibly the best advice he ever offered to us was that no matter how hard we tried we would be unable to do all things for all people. He did tell us, however, that that if we worked hard and conducted ourselves as the professionals he wanted us to be, we could create a network of relationships that would offer us services and skill sets far beyond what we could acquire on our own.
I am most gratified to say that throughout my career as a practicing attorney, I have done my best to create those relationships. I’ve been blessed with a vast number of friends and colleagues in and around the legal profession on whom I have called any number of times to assist me in meeting the needs of my clients. I am pleased to say I believe I have done that once more.