When Both Spouses Need Care – Part 2
In my blog post last week, I wrote that in cases where both spouses need long term care, spending down the assets and then applying for Medicaid for both of them at the same time may not be the best approach. It may actually be better to apply for the first
A Cautionary Tale about CCRCs – Part 2
In my blog post last week I was explaining about CCRCs. Continuing care retirement communities provide a continuum of care. The idea is that you make one decision to move to a CCRC and as your health declines and you need more care, you move from independent living to assisted living to nursing
A Cautionary Tale about CCRCs – Part 1
We received a call last week from Mary, whose dad had been in a CCRC but had since moved out. CCRC is shorthand for continuing care retirement community. The idea of a CCRC is that a family only needs to make one decision about a loved one’s care. That’s because the CCRC provides
AI Created Estate and Long Term Care Plans – Part 3
In my blog post for this week, I continue a discussion of AI and its impact on estate and long term care planning. This week I focus on the guidance that we provide to clients. Can AI replace the day to day or month to month guidance needed as clients navigate the
AI Created Estate and Long Term Care Plans – Part 2
In my blog post last week I asked the question whether an AI created and driven estate or long term care plan can work. More specifically, what place do I see it having when it comes to addressing the problems we help our clients solve every day. As I said last week,
AI Created Estate and Long Term Care Plans – Part 1
Since the early days of the internet, many callers to our office have reached out to us after having done some research on the internet. There is a lot you can find on the internet about any topic, however, that doesn’t mean it is all accurate. When it comes to long term
Second Marriage Issues – Part 2
In last week’s blog post, I began a discussion about second marriage issues. This week I will tell you about a specific second marriage problem in our office. Husband and wife each had children from a first marriage and no children as a result of their marriage the second for both. They did
The Perils of GoFundMe – Part 3
In my blog post last week, I discussed crowd funding sites like GoFundMe. We see families dealing with a sudden catastrophic illness or injury attempt to use these sites to raise money to pay for medical and other bills. It rarely is a solution if only because of the amount of money
Am I Too Young for an Estate Plan or Long Term Care Plan? (Part 3)
In this 3rd post, I continue to discuss the topics of sudden catastrophic illness or injury at a younger age than one might ordinarily expect - such as someone in their 30’s, 40’s or 50’s. Advances in medical science have saved many people who 20, 30, or 40 years ago probably
Am I Too Young for an Estate Plan or Long Term Care Plan? Part 2
In my blog post last week I talked about a scenario we are seeing with increasing frequency. We have had a number of what we call crisis calls relating to a family member who has experienced a sudden onset of injury or illness causing the need for long term care -