As the number of older adults needing care continues to grow, families may face greater pressure to provide or finance care. Planning ahead can help families prepare for potential gaps in available resources.
Long-term care planning involves Medicaid eligibility, asset protection, powers of attorney and the legal consequences of decisions made years before care is needed. This complexity is why a qualified elder law firm makes all the difference.
Estate planning is a lifesaver for families facing long-term care, incapacity, or difficult financial decisions. A thoughtful plan carries out your wishes while you’re gone but also helps you and loved ones while you’re here.
The SECURE Act forces heirs to drain inherited traditional IRAs within 10 years, often triggering 32%+ federal tax rates during their peak earning years.
While the disease itself and the life it will introduce is unpredictable, there’s one area that’s very much in the McMurtreys’ control because they tackled it early.
Watching a parent struggle with dementia is difficult enough. When they refuse assistance or decline to sign a power of attorney, families often discover that obtaining legal authority to help is far more complicated than they expected.
According to the WHO, one in six people over the age of 60 experienced some form of abuse from 2021 to 2022. Two-thirds of staff members at nursing homes and long-term-care facilities admitted they committed abuse during that same period.
Moving into a nursing home should improve an older adult's safety and quality of life. Understanding common injury risks and taking an active role in a loved one's care can help families reduce preventable harm.
