An Asset Preservation Trust is a special trust we use in Asset Preservation Planning to protect assets that could be lost to the financially devastating costs of long-term care. Basically, how it works is that ownership of the assets transferred into the trust is no longer considered yours, therefore the assets are protected from any […]
Medical vs. Custodial Care: What’s the difference and why it matters
When looking at medical vs. custodial care, there are some differences that are important to discuss regarding the implications of the distinctions between the two. The biggest implication is that Medicare pays for medical care, but does not pay for custodial care. This matters a lot for people who find themselves needing custodial care in a […]
How to Evaluate a Geriatric Care Facility
When evaluating a geriatric care facility for placement for either yourself or your loved one, it’s important to develop a set of criteria that is essential to you. Everyone has different reasons for choosing a facility, as well as different needs and wants, and the idea that one care facility is going to be the […]
Immediate vs. Springing Powers of Attorney: Which is better for someone with Alzheimer’s?
Just as the title suggests, immediate Powers of Attorney take effect immediately. This is quite different from springing Powers of Attorney, which don’t take effect until the determination of incapacitation. While it’s evident that a person with Alzheimer’s should have some Power of Attorney in place, the question becomes which type of Power of Attorney […]
Alzheimer’s Caregiving: The importance of managing your workload and stress
People who provide Alzheimer’s caregiving for a loved one are prime candidates for impossible workloads and high stress levels. It’s easy to get caught up in the daily tasks required caring for a family member with Alzheimer’s and these selfless personalities tend to put all of these needs before their own needs. But, seeking respite and taking […]
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