There is a common misconception that adding someone’s name to your accounts provides similar benefits that a Power of Attorney for Property does. Plain and simple, it does not and is not an okay substitute. A Power of Attorney for Property will provide more powers and may even, as you will see in this video, protect your money […]
Health Costs May Gobble Up Social Security Benefits
There is a trend forming, small increases in social security and larger increases in healthcare costs, that really threatens the retirement security of people who are relying only on social security as a source of income and support in retirement years. In 2017, Social Security benefits will be increasing by 0.7 percent, however, we are […]
The Difference Between Medicare and Medicaid
Medicare and Medicaid are government insurance programs designed to help cover healthcare costs. But, while these two programs may sound similar, they are very different indeed. In this Elder Law Minute video, Wes Coulson, Illinois Elder Law attorney, clears up some common confusion as he explains the difference between Medicare and Medicaid. The Difference Between Medicare and Medicaid […]
My Life is a Struggle but I Don’t Want Help: Senior Resistance to Change and Care
This week we are honored to share an enlightening article about senior resistance to change written by Shay Jacobson and Martha Kern of Lifecare Innovations, a Chicago area company whose primary mission is to maximize the quality of life for people affected by disability, disease or age-related vulnerabilities. They have graciously given us permission to share their […]
Paying Family Member Caregivers: A Blessing or a Curse?
Caring for an elderly parent at home comes with a multitude of questions and concerns, one of which may revolve around paying family member caregivers for their services. This much is true: Paying family member caregivers can be a blessing or a curse, it all depends on how it is done. In this Elder Law Minute, […]
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