As we discussed last week, Joe wants to transfer his home to Jim, who lives there with his wife and children.  But letâs change the facts a bit.  Joe is not healthy but has the early stages of dementia and needs some in home assistance.  It is possible that within

Home ownership has long been a large part of the American dream.  Through the course of the 20th century, the percentage of Americans owning their homes rose considerably.   In many of these homes three generations lived under one roof.  Today, there still are many 3 generations homes.  The reasons for

Mom and Dad are living in their home but their health is failing.  They do not yet need nursing home level care, but do need some assistance on a daily basis.  Their children are running back and forth helping to provide care but it is just too difficult to do

When I talk with people about long term care and the Medicaid program I sometimes hear very strong opinions that "it is wrong to transfer assets in order to qualify for Medicaid to pay for nursing home care".  The person making the statement, however, typically hasnât really given any thought

Mom is in her late 40's and divorced.  She owns her own home worth approximately $250,000 but with a substantial mortgage with a balance of $150,000.  Probably describes a lot of people.  Except that Mom has Alzheimerâs.  While the disease mostly affects the elderly, early onset Alzheimerâs is not uncommon. 

A very common scenario we see is what Iâll call the case of the late in life second marriage.  We all need companionship, especially after a spouse has died or after going through divorce.  Itâs lonely being alone.  So we have Joe and Mary.  They marry in their 60âs.  He has

Adult Day Care is a wonderful alternative for families struggling with the care of an aging or disabled parent, spouse or loved one.  Adult Day Care centers can also provide supervision and assistance each day for a senior who is not quite ready for assisted living or long term care. Each

A recent study of long term care shows that the percentage of elderly Americans living in nursing homes is on the decline.  This appears to be in part because of improved health and partly because of more choices.  According to census statistics, 7.4% of Americans 75 and older lived in

Two weeks ago New Jersey became the third state (California and Washington being the others) to pass into law a bill requiring companies to offer paid leave to employees.  The benefit will operate in a similar fashion to state disability benefits in that all employees will contribute an additional amount from their paychecks to