Here is a brief outline of the process of creating a long term care plan: Providing Planning Documents and Instructions Include sample planning documents to be given to family members or trusted advisers. This includes instructions regarding wishes pertaining to care preferences, wishes pertaining to end-of-life, wishes concerning preferred medical treatments, desires for disposition of [...]
As the population of the country ages, more people will run into legal or planning issues that are unique to seniors. This might include help with obtaining veterans' pensions, Medicare or Medicaid. Other issues might include the need for long term care planning, solving disputes with family members, dealing with financial elder abuse, providing for [...]
According to the American Bar Association Commission on Law and Aging, guardianship and conservatorship involve the following: "Guardianship or Conservatorship is the legal tool of last resort for decision-making and management of your affairs. Generally a guardianship involves the court appointment of someone to act as guardian to manage the property and/or personal affairs of [...]
As in any area of consumer spending, knowing what to look for and what strategies to use in arranging for paid care services can often result in saving money. Some strategies such as Medicaid Planning allow for preserving the home or relieving the pressure of spending retirement savings. Oftentimes a strategy will provide tax advantages as well. [...]