It’s one of the most difficult decisions a family can face: Moving an older parent into a long-term care facility. Even if the parent recognizes they can no longer live on their own, there are other major questions to be answered:
How do we know a nursing home is safe? How can we make sure they’ll get the best care? As an elder care attorney in Bucks County, Richard Newman knows how difficult it can to answer these questions. That’s why we’re sharing this list from the AARP.
Continue Reading Questions to Ask Before Choosing a Long-Term Care Facility
There is new legislation that allows for a family that has a loved one with special needs to set up an ABLE Savings Account. The Stephen J. Beck, Jr. Achieving a Better Life Experience Act (ABLE Act) was signed into law in December 2014. This law allows states to create their own ABLE programs. Previously, Special Needs Trusts were the only way a family could save money for a special needs individual without losing eligibility for SSI and Medicaid benefits. But now with the availability of ABLE Savings accounts, families have another option to save for their disabled loved one’s future.
Continue Reading What should you know about ABLE savings accounts for your loved ones with special needs?
Supplemental needs trusts in PA serve a specific and important purpose: to provide for someone with a physical or mental disability after the death of a parent or another loved one.
Here are some common questions we hear about these trusts:
1. Who can create supplemental needs trusts in PA?
These trusts – which are also referred to as special needs trusts –are typically set up by a parent, grandparent or legal guardian, although siblings or other relatives can establish a trust as well. In some cases, a judge can create an SNT for a person with a disability.
Continue Reading Common Questions About Supplemental Needs Trusts
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
No one likes to think about the end of their life, but planning for the end is important.
It’s doubly important when you know you’ll be leaving behind children, whether that means juveniles or adult children or other family members with special needs.
Making arrangements for the care of minor children is its own topic. Today we’re going to focus on children with special needs, and the concept of the special needs trust, also known as a supplemental needs trust.
Continue Reading What to Do When Drafting a Special Needs Trust
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 special needs trust is essential for protecting a loved one’s quality of life and access to government benefits.
Estate planning is nothing new. People know about the importance of having an up to date will, living will and power of attorney and most have these documents at the ready. What if you have a child with a severe physical or mental disability and he or she will not be able to support him or herself? How can you plan for your child’s care when you are no longer around? That’s where special needs planning comes in.
Before consulting with an expert (this is not a do-it-yourself project) you need to organize your and your child’s financial and medical information. Like many people, you probably have social security numbers, phone numbers, etc. in various places. That is why it is important to have this information in an easy to access place. Click here to see what information needs to be gathered and documented.
Continue Reading What You Need to Know About Special Needs Planning
Summertime, and the living is…well, maybe not that easy.
As we get older, summer’s heat and sun can make life difficult. While summer weather can pose health risks for everyone, senior citizens and their caregivers need to take extra precautions.
Here are a few summer safety tips for seniors to consider during the hot weather months:
As we age, we lose our ability to conserve water. Be sure to drink at least eight 8-ounce classes of water and/or fruit juice each day. And avoid caffeine and alcohol. Coffee, tea, soda and alcoholic drinks can leave you dehydrated quickly.
Continue Reading Summer Safety Tips for Seniors
We try to protect the older members of our families. We look in on them when we can, we advise them to keep their homes secure, we make sure they get to their doctor’s appointments.
But in some cases, threats to senior citizens can come from people half a world away.
Financial scams targeting seniors are – unfortunately – everywhere these days. Here are some of the most common, according to the National Council on Aging.
Continue Reading Common Scams Targeting Seniors
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