Private-pay nursing home care costs between $9,500 and $12,000 per month in Montgomery, Bucks, and Philadelphia Counties. Some nursing facilities provide more intensive care, such as those with ventilators, and can cost over $22,000 per month. Without proper planning these expenses can quickly erase a lifetime of savings. At the
Four of every ten Americans have at least one step-relative in their family – either a stepparent, a step or half sibling or a stepchild — according to the Pew Research Center. The National Center for Family and Marriage Research estimates that about one-third of all weddings in America create
A recent Supreme Court decision may allow creditors to access an inherited IRA to satisfy debt in the event of bankruptcy. In the case of Clark v. Rameker, the Supreme Court unanimously decided against the Heidi Heffron-Clark and Brandon C. Clark, finding that an IRA that Mrs. Clark inherited from
Q: Does Social Security base the amount of my retirement benefit on my highest five years of earnings? A: No. The program applies an “average wage index” to all your working years up to two years before benefit eligibility, then averages your income from your 35 highest-earning years. If you
Most retirees’ goals are to enjoy retirement, with such methods as travel, entertainment, and spending time with the children and grandchildren. This is what retirees want, rather than worrying about having enough money available for home healthcare or assisted living if needed, without the fear of running out of money,
Elder abuse tends to take place where the senior lives, so it is likely that elder abuse can occur in institutional settings, especially long-term care facilities. Abuse of elders takes many different forms, some involving intimidation or threats against the elderly, some involving neglect, and others involving financial chicanery. Physical
Generally when creating a Power of Attorney, you want to appoint someone who you trust, who will act in your best interests, and who will handle your affairs with trust and honesty. However, if your Agent is no longer acting in your best interests, you need to take action. If
A guardianship is a legal proceeding in which a guardian is appointed to exercise the legal rights of an incapacitated person. A guardian is an individual or institution (such as a nonprofit corporation or bank trust department) appointed by the court to care for an incapacitated person — called a
There are two ways to contest a will, a Caveat Prior to Probate Decree, and an Appeal from Probate Decree Caveat Prior to Probate Decree A will contestant may initiate attack on a Will by filing a caveat with the Register of Wills. This must be done before the probate.
Long term care Insurance is a product sold by insurance companies that helps to provide for the costs of long-term care. This is a type of insurance that is intended to cover costs that are generally not covered by health insurance of Medicare. Long term care insurance is not necessarily
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