Many people are unconcerned about the matter of incapacity planning because they feel as though it is unlikely that they will ever be in a position where they are not able to make their own decisions. Admittedly, this is not a very pleasant subject to consider, and when you are perfectly healthy and in full control of your faculties it can be hard to imagine a future point in time when you would be unable to take care of everything on your own. In truth you would do well to understand the … [Read more...] about Are You Unconcerned About Incapacity Planning?
The matter of long-term care is something to take seriously. Medicare will not pay for an extended stay in a nursing home, and the costs can be considerable, especially if you have to spend multiple years in such a facility. You are looking at over six figures for a single year in a nursing home in the Hartford area. One option that is available to you as you look ahead toward the possibility of incurring long-term care expenses in the future is the purchase of long-term care … [Read more...] about When Should You Buy Long-Term Care Insurance?
You may be shocked to find out the facts if you are not aware of the current cost of nursing home care in the greater Hartford area. The MetLife Mature Market Institute publishes a survey every year that lets us know where we stand when it comes to long-term care costs. The 2012 survey indicates that the average cost for a single day in a private room in a nursing home in Hartford last year was a rather incredible $410. If you do the math you are looking at an average of almost $150,000 a … [Read more...] about Nursing Home Alternatives Exist
When you are looking for an attorney for any purpose, you should consider areas of emphasis. Different attorneys focus on different aspects of the law. If you want to plan your estate, you should find a legal professional who specifically focuses on estate planning. Most estate planning attorneys also deal with elder law issues. What is elder law? The name to a large extent explains this legal niche. An elder law attorney in Hartford CT will handle matters that are of particular interest to … [Read more...] about What Is an Elder Law Attorney in Hartford CT?
People are routinely living into their mid-80s and beyond during our current era, and when you reach such an advanced age it becomes quite possible that you could lose your ability to make sound medical and financial decisions. One of the biggest threats that exists along these lines would be Alzheimer's disease. About four out of every ten elders 85 years of age and older are suffering from this scourge on our nation's seniors, and of course Alzheimer's causes dementia which can limit the … [Read more...] about Intelligent Incapacity Planning To Avoid Guardianships
Greater Hartford retirement planning is going to involved gaining an understanding about the ins and outs of the Social Security program. The first question that most people are going to ask would involve the age of eligibility. People who were born in 1954 and earlier than that are going to reach full retirement age according to the Social Security Administration when they celebrate their 66th birthdays. The age at which you qualify for your full retirement benefit then goes up by two months … [Read more...] about Is There A Penalty For Working While Receiving Social Security?
Planning for the end of your life is in large part an effort to help your family members adjust to the transition as painlessly as possible. Of course there is no way to experience the loss of a loved one without suffering to some extent. But with proper planning you can mitigate the challenges that your family will face when the inevitable eventually takes place. With this in mind you may want to consider addressing your wishes with regard to your funeral details when you are planning your … [Read more...] about Have You Considered Your Funeral Details?
Mention of the term estate planning conjures images of the preparation of financial assets for eventual transfer to your family members after you pass away. This is of course important, but these days people who are interested in estate planning are encouraged to see a larger, more comprehensive, and holistic picture. There are many different eventualities that go along with reaching an advanced age, and it is a good idea to be prepared for any and all contingencies that may come your way at … [Read more...] about Incapacity Planning: Be Proactive
Though it can be a bit disconcerting, there are certain perils that lie in wait for people who reach an advanced age. Nobody should live in fear, and the best way to combat it is to understand what is going on in the world around you and make preparations to protect yourself. With this in mind we would like to highlight elder financial abuse and how it is being perpetrated over the Internet. Elder financial abuse is a plague on our nation's senior citizens that takes place largely in the … [Read more...] about Elder Law Alert: Internet Based Scams & Theft
One of the most amazing statistics that is currently circulating around the elder law community involves the volume of Social Security applications that are being submitted right around now. According to the Social Security Administration about 10,000 people are applying every day, and if this wasn't enough this volume of applications is expected to be accepted each day for the next two decades. This onslaught is due to the fact that the baby boomer generation is reaching retirement age. The … [Read more...] about Online Tool For Those With Social Security Questions