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What Is a Professional Fiduciary Elder law attorneys urge the public to create a legal plan, but it is difficult for individuals without immediate family to decide who to appoint as their health care surrogate or agent under a power of attorney. All too often, these individuals avoid completing the appropriate documents, leaving them…

11 Ways Caregivers can Keep a Marriage Healthy This something that is geting more fmailiar by the day. Nursing homes and in home care can cost over $100,000. Many people elect to move mom or dad in with them. Caring for an aging parent can be stressful beyond belief. According to an article published in…

How to Determine if Aging Parents Need Help at Home How will you know when your aging parents need help at home? One thing is certain: your aging parents aren’t likely to be the ones who tell you they need a helping hand! Admitting the need for help and accepting assistance are not easy for people…

How to Plan and Pay for Long term Care With and/or Without Insurance Seniors have been the most vulnerable population during the coronavirus pandemic. They have been especially hit hard by the health impact of the virus, as well as the financial turmoil that the virus has unleashed. But financial security is a concern for…

What happens to a reverse mortgage with Medicaid? By Karin Price Mueller | NJMoneyHelp.com for NJ.com Q. Does recovery of a Medicaid lien on a home take precedence over a reverse mortgage? Or even a regular mortgage? I could foresee a situation where someone would take out a reverse mortgage to cash out, figuring they would…

The Benefits of In-Home Care for Dementia Patients Family caregivers are now better able to take advantage of services offered by home care companies. I certainly took advantage of these services throughout my time caring for multiple seniors, including my parents and an elderly neighbor. The biggest challenge I faced, though, was when I hired…

U.S. Govt- How to pay for care. Costs & How to Pay for care – Paying Privately for care – Reverse Mortgages to pay for care. I found this publication by the U.S. Department of Health and Human Services on LongTermCare.gov. To help find your path forward. The Basics Just beginning to think about long-term care? Start here; it’s…

Paying for long-term care As we learned in last week’s, the cost of custodial care in Aiken is about $5,000 per month for a private room in a nice nursing home and between $20-$25 a day for in-home care. If you and your spouse, or you alone if you are single, have determined that you…

Diving Deeper into Medicare Advantage’s Potential for Aging in Place Aging in place remains a major priority for many seniors who take out a reverse mortgage, using the proceeds from their loan to help make the goal of staying in their house more possible. With newly-proposed changes to the Medicare Advantage program having the potential to allow…

Why Open A Reverse Mortgage Before It’s Needed? I have been preaching this sermon for years and some financial planners have started to listen. Open the Reverse Mortgage early in life and let the line of credit grow. The Elder Care publication (NAELA) wrote a front page article last spring call Long Term Care Insurance…