While it seems like a simple solution to deal with your assets in the event that you pass away or become incapacitated, it can be a mistake to add children to the title of your assets. While the basic idea is simple, it involves giving your children the title so that they are eligible to[...]
Determining that your family member is in need of additional assistance in the form of a caregiver can be extremely overwhelming, particularly if you have the desire to assist your loved one but do not have the means or the time to dedicate to this effort. More than 41 million Americans have chronic health conditions[...]
Six months ago, Missouri passed a new law designed to protect seniors from financial exploitation. Now, experts in the state have begun to analyze the results and say that while it has not led to any arrests, it has had an impact. Financial Advisor Magazine quoted Jason Kander, Missouri’s Secretary of state, who said, “Financial[...]
According to Pew Research Center the share of American adults who have never been married is at an historic high. In 2012 one-in-five adults ages 25 and older (about 42 million) had never been married. In 1960, only about one-in-ten adults (9%) fell into that category. Men (23%) are more likely than women (17%) are[...]
Long-term care resident surveys show that some 70% of dementia patients living in nursing homes exhibit significant psychological or behavioral problems. For years, those symptoms were treated with difficult antipsychotic drug regiments. Today, in a more enlightened age, antipsychotics have fallen into disfavor as a first-line dementia treatment and are less commonly prescribed (though many[...]
We’re always learning about new ways to ward off dementia. Here’s a surprising one: driving! A new study finds that driving a vehicle on a regular basis can reduce the risk of dementia in the elderly. Those who lose their license or choose to stop driving face much more rapid declines in physical and mental[...]
When it comes to the future of long-term care, there are really only two things we know for sure: It’s getting more expensive. More and more people are going to need it. That makes long-term care insurance both an item of interest and a risky proposition. That’s essentially the gist of a new article on[...]
Here at Medina Law Group, we serve a wide range of clients, spanning the entire spectrum of household income. To that end, much of our blog content is tailored to inform our entire base of readers. But today, we bring you an important bulletin for our wealthiest clients: Interest rates are up, and they have[...]
You may never step foot in a nursing home. That’s the big headline over at CNBC this month. Sounds like good news, right? Well, maybe not, when you consider the reason why you’ll never see the inside of a skilled nursing facility. It’s not so much that you won’t need to… you just won’t be[...]
Giving and receiving are hot topics during this time of year, and you’ve probably done your fair share of both this holiday season. Of course, the nice thing about gifts around a tree is that you have some sense of what to expect when the big day comes around. Unless your loved ones are especially[...]