Adam Cooperman opened a technology consulting firm in New York City at age 33 — impressive for his youth by all accounts. He had no spouse and no children, but his small business success meant he had some assets to speak of. “If I have all these professional matters,” he told The New York Times this… Read More »
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Estate Planning and the Turkey Talk: How to Handle This Thanksgiving
Some people look forward to Thanksgiving all year long — the cranberry, the pumpkin, the pie, the rare reunion with family members you love. for others, ‘tis the season of dread — awkward encounters with relatives you barely remember, labored small talk, and uncomfortable questions that border on the offensive. (Just remember: every family is… Read More »
Most People Mistake Dementia For Old Age, A Costly Error
We hear a lot about disease awareness this time of year, but relatively few of those efforts are focused on Alzheimer’s and dementia. It might be time to change that, if the results of a new study are any kind of a wakeup call. A research team at Trinity College Dublin recently found that 75%… Read More »
Nursing Homes Are Getting Better But Still Need Improvement
There is a new generation of nursing homes in America, but they are only slowly changing the tide. For many decades now, the American nursing home has been regarded as a dismal place. But, according to a new story out of U.S. News & World Report, things are changing. Among the hallmarks of the next-generation… Read More »
Most Federal Employees Aren’t Prepared for Long-Term Care Costs
Even though most senior citizens will eventually need some kind of extended care, only 3 out of every 10 federal employees have considered a plan for covering long-term care costs. This according to a new study conducted by Government Executive magazine. In fact, a full quarter of federal employees over 45 say they would currently… Read More »
Some Astounding Long-Term Care Statistics
Morningstar, a popular publication from the renowned Chicago investment firm of the same name, recently culled together a list of “50 must-know statistics” from the world of long-term care.(For those who can’t access the latest data, you can find last year’s statistics, which chart similar numbers, in Morningstar’s archive.) Together, they paint a picture of… Read More »
Elder Law & Estate Planning: Separate But Intertwined
Lawyers tend to talk about elder law and estate planning as two separate areas of law. After all, that’s how most law firms divide up their practice areas. Some focus on the former, some on the latter, others on both. But the distinction isn’t always so tidy. Brad Reid, a scholar at the Dean Institute… Read More »
A Look at a Few Common Trusts (And How They Help)
The Motley Fool recently issued a new article dispelling the myth that trusts are only for wealthy families with walk-in vaults and rivers of gold. The truth is that trusts have become an essential building block in today’s middle-class and working-class estate plans. View image | gettyimages.com Trusts can save everyone money, heartache, hassle, and… Read More »
Forbes: Most Americans Don’t Understand Long-Term Care Realities
Forbes reports on a new study that shows that most Americans don’t know much about long-term care insurance and are simply ignoring the realities of what long-term care will cost them should they ever need it. View image | gettyimages.com “A newly-released survey shows just how conflicted Americans are about long-term care insurance,” Forbes says…. Read More »
VA Tells Agent Orange Victims They’re Entitled to Benefits
Veterans Affairs offices all across the country, including right here in Massachusetts, are stepping up their efforts to help veterans who might have been exposed to Agent Orange many decades ago. Unfortunately, many veterans don’t know they were exposed to Agent Orange — or they don’t realize that the symptoms they’re experiencing can be traced… Read More »