It’s no surprise that having a special needs child is both challenging and rewarding. Not only are there school and medical issues to consider, there are also the financial needs of your child. Planning for your child’s financial well-being should be an important part of your estate plan especially since improved healthcare has allowed children with conditions such as cerebral palsy and Down’s Syndrome, to live longer.
What do you need to do to provide for your special needs child? These things can help during the special needs child planning process.
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Social media is great, since it lets you can connect with faraway friends and family. MP3s and online television networks like Hulu and Netflix are fun as well, since they give you the opportunity to enjoy music and television programs on any device and on your schedule. Of course, let’s not forget about how great email is. Write a message, hit send and it’s off.
Have you ever given any thought to what will happen to your digital accounts when you die? Like most people, you probably haven’t given much thought to your digital accounts, since it isn’t a physical thing or even an asset. Still, it is something that you need to consider because your online accounts don’t just disappear when you die. According to Intel Security, the average person has 27 different logins. Yikes! That’s a lot of passwords to manage, so it would make sense to set up a plan for your digital assets after your death.
Continue Reading What Happens to Digital Accounts When You Die?
When it comes to our family members, we like to think that we know what is best for them. For the most part that is true. After all, these are people we grew up with or in the case of family by way of marriage, got to know over the years.
Yet there are times, in particular when loved ones get older and need help, that the question, “Should I seek professional help?” arises with respect to the health and financial affairs of your loved one.
Continue Reading When to Seek Professional Help
Both a power of attorney and guardianship are tools to assist someone who is unable to make financial or medical decisions for him or herself by appointing an agent or guardian to act in their stead. However, these tools differ in their responsibilities and the freedom and control they give to the elder or person with special needs.
Continue Reading What is the Difference between Guardianship and a Power of Attorney?
You are now in your late 50’s and getting closer to retirement. As you were working, discussions about Social Security benefits have been prevalent in the mouths of the government, the media, family and friends.
Everyone relies on Social Security, but it is especially important to those that are older. Recently, older Americans have been feeling the pressure from wages not increasing and pensions becoming smaller and smaller. This pressure is only likely to grow in the future. How do you make sure that your plans for the future will be viable?
Continue Reading Present and Future Social Security Outlooks for Older Americans
Despite concerns about finances and health, most people look forward to retirement. The idea is that people will have more time for personal interests since they no longer have to work or care for small children.
Of course, things aren’t always ideal. A serious illness, dementia, or even death can mean that retirement won’t be so golden. While many health issues can’t be prevented, they can be planned for, especially since a stroke, complications from diabetes or osteoporosis can lead to long-term care situations, such as assisted living or nursing home placement.
How do you plan for a future that may include chronic health issues when you aren’t sure what the future may hold for you? These things can help:
Continue Reading Do You Have A Plan For Your Future?
A health care power of attorney is an essential part of your estate plan.
As the agent of a Health Care Power of Attorney, you are given the authority to make health care decisions for the grantor when he or she is unable to do so. The authority to make health care decisions on behalf of a loved one can be mentally and emotionally difficult. A health care agent may be required to make critical health care decisions including choosing medical treatments and end-of-life wishes and care. To help individuals serve as the agent for a Health Care Power of Attorney, we have outlined some helpful tips below.
Continue Reading Health Care Power of Attorney: Advice for Health Care Decision Makers
Loneliness has become a common hardship for seniors who live alone or who do not have the ability to leave their homes on a regular basis. With an increasing number of seniors living alone, isolation has become a growing concern for caregivers and loved ones. Social isolation can be dangerous for seniors, negatively impacting their mental and physical health, according to a Place for Mom. However, loneliness can be diminished, allowing seniors to live a more fulfilling and happy life.
Here are 5 ways to help your elderly loved one avoid feeling lonely.
Continue Reading 5 Ways to Help Your Loved One Avoid Loneliness
When most people plan for their senior years, they mostly think about a will that specifies how their assets will be distributed upon their death.
But there are other things to think about as well, such as what will happen if you have a stroke, develop a serious illness or become incapacitated?
What should you or your loved ones have in place in those circumstances?
It is extremely important to consider and plan for serious illness, not just death. While we are living longer, that doesn’t always mean we are living healthier. Stroke, complications from diabetes or osteoporosis can lead to nursing home placement. A legal plan must be established with the help of an elder law attorney when a person is healthy so that a difficult situation doesn’t become more difficult when illness or incapacitation occur.
Here are some suggestions for how you can plan ahead for serious illness:
Continue Reading When Best Laid Plans Go Astray
Many people, as they get older, choose to have a joint bank account with a family member, such as a son or daughter.
The idea behind this is to have one less thing to worry about since a joint account is an easy way for someone else to have access to funds for day to day expenses. While this sounds great in principle, there are pitfalls to having a joint bank account:
Continue Reading Is a Joint Bank Account Right for You?