In the quiet moments of caregiving, it’s the immediate needs that often demand our attention; the next meal, the upcoming appointment, today’s medication. But nestled among these daily tasks is one of the most profound and lasting gifts you can help your senior loved one give: a clear and thoughtful estate plan. While conversations about wills, assets, and executors can feel uncomfortable,…
When a loved one passes away, grief and logistics intertwine, creating an overwhelming time for any family. If they die without a will, this difficult period can quickly become even more complex, stressful, and even contentious. Instead of their personal wishes guiding the process, impersonal state laws known as “intestacy statutes” take over, dictating exactly who inherits their assets and who does…
Medicaid wants their money back Medicaid is a program that pays for healthcare for people with limited income and assets. It helps low-income seniors by paying for services that aren’t covered by Medicare, like nursing home care and personal care services. If your senior is on Medicaid, you need to know that after their death the state Medicaid program can try to…
Talking about finances with aging parents can be challenging. But without planning and discussion, their assets might not end up where they would have wanted. LendingTree shares tips on how family caregivers can help their parents plan ahead to leave a financial legacy according to their wishes. Help aging parents distribute their savings in line with their wishes Caregivers who want…
An estate plan gives seniors peace of mind Creating a will or estate plan is essential for everyone, but especially important for seniors. Of course you don’t want to think about your older adult passing away, but eventually, it will happen to all of us. On the practical side, it’s important to remember that your older adult most likely has final wishes…
A durable Power of Attorney is essential for caregivers It’s hard to think about, but a day will come when your senior won’t be able to make decisions for themselves. That’s when you’ll have to step in to manage their finances or decide what kind of medical treatment they should have. If that day comes, you’ll need a durable power of attorney (POA).…
