There was a time when nursing homes were the automatic conclusion for many elder family members; but as baby boomers are aging, they are remembering seeing their own parents in those facilities, and are making new choices to age with dignity. These are some of the alternatives boomers are considering for their futures. Community living. There is a new trend taking hold across the … read more
Long Term Care
Is Nursing Home Planning Important to Add to My Estate Plan?
If you are still a considerable number of years away from retirement you may not even have considered adding things such as nursing home planning or Medicaid planning to your estate plan – but you should. Although none of us like to think about it, the reality is that a tragic accident or debilitating illness could result in the need for long-term care at any point in our lives. Even … read more
Medicaid Expansion Moving Ahead in Less Than Half of U.S. States
The Medicaid expansion provisions outlined under the Patient Protection and Affordable Care Act will be adopted by less than half of all states, according to a new analysis from Avalere Health. The report says that 27 states will not adopt the expansion, at least not by the January 1, 2014 deadline. However, legislatures in six of the 27 states have not absolutely ruled out the … read more
Boomers in Denial About Long-Term Care
Results from a recent poll show that a lot of aging baby boomers are woefully unprepared for the potential costs associated with long-term care. According to the poll, 3 out of every 10 people, of ages 40 and older have done little to no planning when it comes to long-term care expenses. Government data shows that 7 out of 10 Americans will likely need some kind of long-term care … read more
Aging Population Sparks Growth in Elder Care Jobs
The thousands of baby boomers who reach retirement age every day are having a big impact in the jobs sector. In addition to many baby boomer aged nurses, doctors, and healthcare workers who are retiring and leaving empty positions behind, the aging boomers are also in need of new workers who can help take care of them. According to Monster.com, the number of some health care job … read more
Is Beastie Boy Adam Yauch’s Will Invalid?
Check out this week's newsletter - click on our logo below! In this edition, find more about the following topics: Is Beastie Boy Adam Yauch's Will Invalid? Leasing Office Space at 528 College Road Can You Control Your Heirs From the Grave? IRS Gives New Tax Directions for Dual Citizens Medicare B Can Help Defray Medical Costs Give Away Your Potential Tax … read more