Estate Planning News

A part of long-term care planning can include finding the right nursing home facility for yourself or your loved one. When you are searching for the right nursing home, you may find yourself sifting through piles of paperwork, and in that mountain of documents can be an arbitration agreement.

Many couples in their 30s and 40s are providing for their families and balancing care duties between the needs of children and parents. Managing it all takes preparation, organization, and communication.

My parents own rental property that is all in my mother’s name. My father is in need of home care. Would he qualify for Medicaid?

My father died in July 2023 in assisted living care, leaving everything to my mother. She has dementia, and will never go back to their house to live. My father had long-term care insurance for both of them. The policy has been in place and paying the facility since April of this year, and per the policy, will pay for her until she passes.

As her power of attorney, and my father’s executor, how do I go about putting the house in my name? I am an only child, and as stated, Medicaid will not be an issue. I don’t like having the utilities, homeowners insurance, etc. remaining in their name. My husband and I plan to move there at some point.

Under a new Medicare Prescription Payment Plan starting in 2025, all Medicare prescription drug plans, including Medicare Advantage plans, will offer enrollees the option to spread out their prescription drug out-of-pocket costs over 12 months.

Someone who is incapacitated cannot make personal decisions or understand legal documents. An incapacitated person requires a surrogate decision-maker, such as an agent under a health care power of attorney or a guardian.

Preparing and organizing your financial information for when you are no longer capable will bring peace of mind to you today. At the same time, it may relieve your loved ones’ burden in the future.

Many Medicare recipients struggle to make ends meet. Special savings programs administered by each state can help cover certain Medicare costs, such as premiums and deductibles.

While new knowledge becomes available each year about promising potential treatments for Alzheimer’s disease, recent research is also focusing on the prevention of the disease or mitigation of its symptoms.

Age should never be a barrier to enjoying travel.