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As many as 80% of aging adults in America lack the financial resources to pay for two years of nursing home care or four years of an assisted living community. That’s according to a new study from the National Council on Aging (NCOA) and the LeadingAge LTSS Center at the University of Massachusetts Boston.
The Department of Veterans Affairs has agreed to cover a new biologic treatment for some veteran patients with Alzheimer’s disease, according to an announcement Monday from the manufacturer.
With the possibility of needing long-term care in the future, many people are interested in proactive planning.
Seventy percent of those who reach age 65 will need long-term care services or expensive in-home nursing care, and 42% of it nationwide is paid for by Medicaid.
Elder law attorneys can assist family caregivers in understanding their loved one’s current situation and outlining possible solutions for the future.
A not uncommon estate planning scenario is an elderly parent who lives with an adult child, either at the parent(s)’s home or at the child’s home.
A joint and survivor annuity provides lifetime income payments for an annuity owner and their survivor. You contribute a lump sum of money to the joint and survivor annuity and can usually start receiving income almost immediately.
A guardianship is a court-ordered relationship that is created to protect a person who is incapable of handling their estate or personal affairs. Guardianship law varies by state.
Asset protection planning is the process of building barriers around your assets, whether those assets are personal or business, to keep them safe from litigation, creditor claims, seizure and burdensome taxes.
Veterans Affairs officials have already received nearly 113,000 new disability claims related to the sweeping toxic exposure legislation signed into law less than three months ago, an indication of the potential impact of the measure and the work ahead for the department.
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