Elderly individuals often go through health issues they didn’t experience when they were younger or might not have many living friends. This makes aging difficult both physically and emotionally. On top of the expected woes of aging, many elderly folks suffer from...
Year: 2020
When does Medicare cover nursing home care?
Placing an elder loved one in a nursing home is often a difficult decision. However, you may feel more comfortable doing so if you are confident in the quality of care a home provides. You may have limited income to work with when determining where to place your loved...
If you give money to a loved one, can she still receive Medicaid?
If you have a loved one who has a serious medical condition or disability, you likely know how much medical care costs. Even worse, you probably realize obtaining private health insurance is virtually impossible. Fortunately, Medicaid is available to many low-income...
Your challenges as an estate executor
Being chosen to administer a will can seem like an honor. After all, someone has entrusted you with overseeing their estate. You may discover, however, that you are carrying a heavy burden. Serving as an executor can be complicated and time-consuming. Your first steps...
Tips for protecting yourself from financial abuse
Financial abuse affects 6.8% of all senior citizens according to a scientific study published in 2017. This is a significant problem not only because of its prevalence but also because of the near impossibility of recovering the money that you lose in the process. ...
Your responsibilities as an estate administrator
When helping to administer someone else's estate, you act in a fiduciary capacity. In other words, you act for the benefit of someone else. The name for your role in administering the estate depends on what you are in charge of managing. If someone named you as the...