Tag Archives: medical

What is Long Term Care Insurance and How Can It Benefit Your Senior Mom?

According to the 2017 Genworth Cost of Care Survey, a private, one-bedroom, single occupant unit in an assisted living community costs a national average $45,000 per year. This cost includes 24-hour help as well as other amenities, such as meals, housekeeping, and medication assistance. Continue reading

Writing a Memorandum of Intent for Your Child with Special Needs

How can you ensure that your child will remain well cared for and secure once others assume the role of guardian or caregiver? While creating a financial plan and establishing a specialized trust are central to preparing for your child’s future, special needs planners also advise families to write down their intentions and expectations in a document referred to as a Memorandum of Intent, also known as a “Letter of Intent.” This document can be used to describe your child’s health care and therapeutic needs, identify lifestyle preferences and provide contact information for doctors, therapists and teachers. It also can be used to convey insights into your child’s personality and history that future caregivers might not easily gain on their own. Continue reading

5 Ways Seniors Can Leave a Legacy for Their Grandchildren

You have a wealth of knowledge, stories, skills, and an important history that you want to make sure you pass down to your children and your grandchildren. Gathering together all the details of your life for future generations can seem daunting, but it doesn’t have to be difficult. Here are some easy ways you can make sure you leave a legacy. Continue reading

5 Helpful Technological Tools for Caregivers

Advances in technology in the past few decades have allowed us to monitor ourselves and others. These advances have given us the ability to find answers to any and all of our questions with our fingertips. In the age of smartphones, we use apps for information and we stay connected to each other 24/7. Here are five helpful technological tools that you can utilize as a caregiver. Continue reading