Financial elder abuse is a serious problem that has to be addressed as soon as you see the red flags. This kind of abuse can drain an elderly person’s bank account and leave them financially destitute if it goes on for long enough. It can also result in their estate...
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What is a durable power of attorney?
A durable power of attorney is used to authorize a person of your choice to handle your financial decisions if you are suddenly rendered incapable of making those decisions for yourself. The power of attorney can be enacted immediately, or at a time when you are no...
What you should consider before leaving your IRA to grandkids
As you’re doing your estate planning, you have no idea how much money will be left in your individual retirement account (IRA) when you pass away. However, you’re considering leaving it to your grandchildren. Is that a good idea or are there a lot of potential...
Medicaid planning does not mean getting rid of all assets
Though the idea can seem scary, many people in Texas and across the country will need some type of long-term care in their elder years. In many cases, families may struggle to pay for such care, which is why many people want to qualify for Medicaid assistance if...
An advance health directive can make important wishes known
Feeling a lack of control can be scary for any Texas resident. Unfortunately, the possibility exists that anyone could wind up in a position where he or she cannot express certain information due to illness or injury. On the bright side, individuals can prepare for...
Consider adding an advance health directive to estate plans
Getting older affects each person differently than the next. Some Texas residents may be able to maintain their good health well into their elder years, and others may experience mental or physical health issues. Because it is not easy to predict which will be the...
Do not make the mistake of forgetting long-term care plans
Getting older is different for each person. Some Texas residents may live until they are 100 or close to it without suffering any major ill health effects. Of course, it is more common for individuals to experience physical and mental health decline as they reach...
Long-term care often needs more than Medicare for expenses
As Texas residents age, some may come to realize that their health is not holding up as well as they had hoped. They could develop serious medical conditions or have a disability that makes it likely that they will need long-term care in the future. If this is the...
Elder law planning wise after dementia diagnosis
It is common for people to have fears about getting older. They may worry that they will never achieve certain dreams or that they will find themselves with ill health. Unfortunately, diseases like Alzheimer's affect numerous people in Texas and across the country,...
Long-term care planning may be part of aging gracefully
Many Texas residents may dread getting older. They may imagine difficult times ahead where they can no longer care for themselves, and while this may not need to be the only future imagined, it is certainly a possibility. Fortunately, individuals can plan for...
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