Tag Archives: needs

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

Role Reversal: Discussing Estate Planning with Aging Parents

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

World’s Senior Population Expected to Boom by 2050

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

3 Ways Caregivers Can Get Financial Assistance

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

3 Ways You Can Help Your Senior Mom Walk More

One of the best things anyone can do for their health is to walk and walk often. A new study found that running or walking 15 miles a week could help prevent Alzheimer’s and dementia. The American Heart Association recommends that people walk 10,000 steps—about five miles—a day to decrease their risks of heart disease and to improve overall health. While Mom might not be ready for five miles a day just yet, there are still some ways that you can help her add more walking into her routine. Continue reading