Five Reasons to Have a Will
Your will is a legally-binding statement directing who will receive your property at your death. It also appoints a legal representative to carry out your wishes. However, the will covers only probate property.
Understanding the Common Types of Trusts
A trust is a legal arrangement through which one person, called a “trustee,” holds legal title to property for another person, called a “beneficiary.” Trusts fall into two basic categories: testamentary and inter vivos.
Married Couples Need an Estate Plan
Don’t assume your estate will automatically go to your spouse when you die. If you don’t have an estate plan, your spouse may have to share your estate with other family members. If you die without an estate plan, the state legislature has decided where your assets go.
12 Interview Questions to Ask an In-Home Aide
Most older Americans want to remain in their homes as long as possible. For growing numbers of elders – and concerned family members – this is only possible with the help of a home care aide. As we discuss in another article, there are two basic types of aides and two ways to engage one: either through an agency or hiring one yourself.
How to Select an In-Home Aide
Studies show that older Americans want to remain in their homes for as long as possible – even when they are struggling. For growing numbers of elders – and concerned family members – the solution to their struggle is a home aide. If your family is considering hiring an aide, the first decision is what type of aide you need.
Hiring a Caregiver: Should You Employ One Yourself or Go Through an Agency?
Most seniors prefer to stay at home as long as possible rather than move into a nursing home. For many families, this means eventually hiring a caregiver to look after an aging relative. There are two main ways to hire someone: directly or through a home health agency.
Checklist: Choosing an Assisted Living or Continuing Care Facility
These questions will help you to evaluate and compare just about any kind of supportive housing arrangement.
Home Care Costs Rise Sharply in Annual Long-Term Care Cost Survey
When it comes to long-term care costs, the charges for home care are now rising faster than those for nursing home care, according to Genworth’s 2019 Cost of Care survey. In the past year, the median annual cost for home health aides rose 4.55 percent to $52,624, while the median cost of a private nursing home room rose only 1.82 percent to $102,200.
Checklist: Hiring a Home Care Provider
Most people prefer to be cared for in their home rather than a nursing home, but finding a home care provider for you or a loved one can be daunting. Here are some things to keep in mind when looking for a caregiver.
