As of 2017, 5.4 million Americans have Alzheimer's or another form of dementia. That equates to about one in 8 seniors. Alzheimer's is now the 6th leading cause of death in our country, raising concerns about caring for these individuals as baby boomers continue to age.
Dementia is a disease that is becoming increasingly prevalent among our senior population. The Alzheimer's Association has stated that approximately 1 in 9 people over the age of 65 have been diagnosed with Alzheimer's. Dementia patients encompass those with Alzheimer's but also includes other brain impairments with symptoms of memory disorder, personality changes, and impaired reasoning. As the population of those above 65 years old continues to rise, the population of dementia patients is on the rise as well.
One of the most common issues related to the care of senior citizens is related to companionship. This is a particularly common issue if the person is still in their home. The elderly often have health problems which prevent them from regularly leaving their home. It is often the case that they live alone. Even when the senior has regular visitors there will be times when they are alone and loneliness can become an issue.
Medicaid is very complex and very confusing. As a result, it is difficult to obtain accurate information, leading to an abundance of misinformation. Fortunately, it is easy to clear up many of the most common misconceptions.
There are many horror stories about probate. Everyone seems to have a story about someone they know who had a will contest or whose family was fractured because they fought about the property of a loved one. No one wants to go through this or for their family to go through this after they are gone. Avoiding probate, therefore, is a common goal of estate planning.
Identity theft is incredibly frightening to most people. What the identity thief can do is nearly endless. The thief can take all of your money, create credit cards in your name, even take out loans. Even if you are able to catch the problem, you could spend the next several months attempting to get rid of charges or repair your credit.
Everyone wants to be in control of their own life. They want to make their own financial, personal, and medical decisions. Unfortunately, situations, such as stroke and dementia, arise which prevent people from making decisions for themselves. When this occurs, someone else must have the authority to make decisions for that person. If the person has not designated an agent for themselves with the appropriate legal documents, they will have to go through a court process known as guardianship.
Family situations are increasingly complicated in our society. One common situation that occurs is when, because of a variety of situations, grandparents are not allowed to visit their grandchildren.
For most people, Veteran's Benefits seem almost mythical. You may have heard of a relative of a friend who was able to receive some assistance to cover medical expenses, but are unsure if you qualify and where to even begin.
Blood pressure is often referred to as the "silent killer." For about 75 million Americans-1 out of every 3-it is a daily fact of life (CDC.gov).
Financial strain can be unexpected, hitting people at the most vulnerable times in their lives: after a birth of a child, the death of a loved one, or even after an serious health complication. Other times, trouble is brewing over years and missed payments have been piling up. When paying the minimum monthly payment or foregoing one bill to pay another bill each month is too much for you to handle, filing for relief under the bankruptcy code can help.
The short answer to this is that everyone needs a will. Having a Last Will & Testament is not only your final determination of where your property will go at your death, but it also determines what happens to property in unusual situations. For example, if you execute a Last Will & Testament, but only minor grandchildren actually inherit your property, your Will can tell the Court how old the children should be to receive the full amount of the property, or if it should be distributed over many years. Likewise, your Will could set up special trusts to protect disabled loved-ones from losing benefits.
Going to the doctor is one of those necessary evils in life that we all need to do from time to time. While it's never something one looks forward to, there are a few tips to making the visit beneficial-to both you and your doctor. And while going to the doctor is never something you'd put at the top of your wish list, I'd guess staying healthy is on everyone's list!
We put on a lot of educational workshops for our community. We discuss the difference in a Will, a Power of Attorney, a Healthcare Directive, and a Living Will. We talk about planning to avoid probate and to prepare for Long-Term Care Costs. And we talk about the big T - trusts.
We often have clients tell us that they have all of their paperwork in order, then proceed to pull out a one-page Power of Attorney and a one-page Will.