As we are growing up we rely on our parents to take care of us, and once we reach adulthood we still rely on them for advice. And of course some adults have gone to their parents for financial support over the years. Given this dynamic it can be difficult to come to the realization that your parents may need you more than you need them at some point in time. This can be exacerbated by the fact that your parent or parents may not want to accept the changing dynamic. In spite of the challenges … [Read more...] about Evaluate Living Needs of Aging Parents
People are becoming more more health conscious these days, and those who are members of the elder law community are always going to encourage healthy lifestyles. After all, you live an improved quality of life when you take good care of yourself and you decrease the possibility of illnesses setting in during your golden years. However, we like to caution people against being overconfident. Even if you have exercised regularly while eating well and refraining from unhealthy habits you should … [Read more...] about Living Well? Don’t Be Overconfident
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