While Michael was waiting for his home in Texas to close, he was vacationing with friends in California. Unfortunately, he took a bad fall and ended up in a California hospital. He had his Texas powers of attorney, but the problem was that they were “springing” powers. They were only effective if Michael lost capacity.…
DetailsMany older Americans are willing and able to work, however, in April 2020 the unemployment rate for eligible workers 55 and older increased to 13.6 percent. COVID-19 restrictions and associated layoffs account for some unemployment increases, but so does the lack of employment opportunities among older Americans. A coexisting challenge in the US is that…
DetailsThe Covid-19 pandemic has brought an important question to the forefront; how far would you want extreme life-prolonging measures to be tried? For us who are particularly vulnerable – seniors, those with compromised immune systems, those already struggling with medical conditions – this question is particularly stark. Many people are familiar with DNR orders, “do…
DetailsIt is imperative to create a last will and testament in order to make sure your final wishes regarding your asset disbursement are properly followed. If you have people who you love and care for, then creating a will for your peace of mind and their protection is the right thing to do. Though crafting…
DetailsVeterans have several educational and health care benefits offered through the Tricare and GI Bill by The US Department of Veterans. Even with these programs that help veterans and their families, other little-known services can improve their lives and ease the financial burden of medical care and other expenses. Check your veteran status to see…
DetailsAt some point in life, you will probably be faced with the decision to move your spouse to a long-term care facility. At this emotionally difficult time, the last thing you need is the stress of not knowing where to find the money to pay for the steep costs of institutional care. Advance planning is…
DetailsIt makes sense that more aging Americans have completed wills and estate plans compared to younger Americans. Still, a significant number — 19 percent of those over age 72 and 42 percent of those between 53 and 71, according to survey data — lack any type of estate plan. Although managing these details can…
DetailsIt is important, now more than ever, that caregivers are properly prepared, especially during this Coronavirus Pandemic. Caregivers must balance the need for their care partner’s health and balance it with that person’s safety. As the US heads into seasonally extreme weather months, it is prudent to create or revisit existing plans for evacuating a…
DetailsCurrent medical and health care advancements have made it possible for dependents with special needs to live more useful lives than ever before. Many scientists regard the term special needs as a euphemism for disability. Yet, the difference between the two terms is primarily one of acceptance and preference as both terms describe the four…
DetailsIn a pandemic, such as COVID-19, it is critical to make arrangements for your advance care and directives quickly. Responses to vaccinations and understanding their efficacy, reinfection potential, and long-haul symptoms resulting from COVID-19 continue to baffle our scientific understanding. It appears the coronavirus will continue to challenge Americans, indeed the world, as according to…
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