Recent Posts:
What is the Cost of Adult Day Care?
You want the best care possible for your elderly parent, but you don’t have the bandwidth to provide it around the clock. You’re not alone. Hundreds of thousands of families around the U.S. need some form of supplementary care to help with elderly relatives who have physical or cognitive impairments. If your parent isn’t quite ready for full-time nursing home care, adult day care might provide the support you need.
How to Find Out If I Am Owed Money: 29 Places to Find Missing Money
Most of us don’t have long-lost relatives destined to leave us fortunes. But a surprising number of people do have unclaimed money they don’t know about. According to the National Association of Unclaimed Property Administrators (NAUPA), one in 10 Americans have unclaimed property, and states return more than $3 billion dollars annually to rightful owners.
Assisted Living vs. Nursing Homes: Criteria, Services, and Costs
According to research by the National Institute of Health, there are about 1.5 million elderly adults above the age of 65 in nursing homes and 1 million in assisted living facilities. This population group of 65+ individuals is growing rapidly as 10,000 baby boomers turn 65 each day. In fact, the group has grown by 34.2% over the last decade and is expected to continue growing at a rapid pace meaning more and more people will require care in an assisted living or nursing home.
What is Better: A Will or a Trust?
What’s the greatest legacy you can leave behind? Some would argue that it’s a solid estate plan. Designating your beneficiaries in a will or a living trust could be the final gift that’s most appreciated by your heirs. If you cast your last farewell without any property transfer instructions, your estate will be divvied up according to state law in probate court. Probate court is notoriously tedious and stressful, and only partly because those involved are also grieving the loss of a loved one.
What is Decreasing Term Life Insurance?
Decreasing term life insurance features term coverage that reduces in benefits over the life of the policy. The policy’s payout continues to decrease until the end of the designated coverage period, or the policy pays out.
Power of Attorney Guide: What Is It and How to Get It for Parents
You might remember your folks helping you open your first bank account and write your first check. And while that was a long time ago, you may not be ready for those roles to reverse, with you taking the financial lead for your parents. Unfortunately, it’s not uncommon that a parent would need an adult child’s help managing the finances, particularly if that parent starts to lose mental sharpness or the ability to make logical decisions.
Do I Need Supplemental Insurance if I Have Medicare?
Medicare is a healthcare safety net for seniors in the U.S. The federally run program provides free hospital insurance and low-cost medical insurance for qualified seniors over the age of 65. But like all safety nets, Medicare has a few holes — more practically known as gaps in coverage. Depending on the type and frequency of the medical services you need, those gaps can be costly.
What Is Variable Life Insurance?
A variable life insurance policy is a type of permanent life insurance. A permanent life insurance policy covers a policyholder for the entirety of their life so long as premiums are paid. This type of policy is perfect for people who are looking for cash value, investment variety, flexible premiums, and a flexible death benefit.
Palliative Care vs Hospice Care: Which is Right for Your Family?
While palliative care and hospice care have a lot of similarities, there are some key differences to consider when thinking about which option is right for you or your loved ones. In this post, we’ll talk about what palliative and hospice care are and who can benefit from each.