In general, an annuity consists of an annual payment that is made for the rest of the annuity owner’s life. Most annuities are deferred, meaning the payout doesn’t occur until a later date. However, you can receive immediate payouts if…
In many cases, an aging parent will be unable to make informed and meaningful decisions about their life as they age. This growing inability may occur due to Alzheimer’s disease, other forms of dementia, mental illness, stroke, brain injury, or…
A growing number of baby boomers will need extra care as they reach their golden years. Some may be able to get the care they need at home from a family member or in the form of hired help. Many…
Laws affecting the elderly or disabled are known as elder law. Attorneys who practice elder law advocate for and create legal plans to assist seniors, and their loved ones, in living better lives. Elder law may include planning for retirement,…
It is a mistake to wait to talk about finances with your aging parent, who may already be in cognitive decline. It will take time to gather all the information you need for a complete financial assessment of their aging…
It is prudent to have an open and honest discussion centered around your mortality, although it is sobering. No one relishes the thought of their demise, and yet with forethought, you can ensure that your estate plan and your healthcare…
When it comes to inheritances and Medicaid, mistakes can be made, and those mistakes can be costly. When a person is drawing Medicaid benefits and inherits money or property, that inheritance jeopardizes the benefits. The inheritance must be handled carefully…
The senior citizen population of the United States is increasing rapidly as the baby boomer generation ages, and the influx of international migration continues. Although the US average life expectancy has seen a slight three-year decline, many Americans, men and…
Signed into law by President Trump in 2018, the Senior Safe Act is designed to protect our elders from financial abuse from either within a family or support system, or by scam artists preying upon them. Tens of billions of…
The senior population of the United States is increasing rapidly as the baby boomer generation ages, and the influx of international migration continues. Although the US average life expectancy has seen a slight three-year decline, many Americans, men, and women,…
