As people enter their elderly years, financial security becomes increasingly important. Seniors frequently confront specific issues, including rising healthcare expenditures, increased susceptibility to scams, and the need to plan for long-term care. As a result, asset protection is critical in preserving the wealth they have worked so hard to accumulate, offering security and peace of…
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Tis the season for gift-giving! One of a parent’s (or grandparent’s) greatest sources of pleasure is to make a gift to a child or grandchild. Whether the gifts are holiday gifts or wedding or birthday gifts, “helping out” is something seniors take great pride in. Even if their world is growing smaller due to health…
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As we get older, it becomes more important to plan for the future so that personal, financial, and medical decisions are made in accordance with our intentions. Establishing a power of attorney (POA) is an important step for seniors to protect their autonomy and provide peace of mind for themselves and their families. A POA…
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I am a record collector. This past weekend I was playing some old Rolling Stones and the song “Time is on My Side” came on. I am sure you have heard the song – they didn’t write it, by the way, but they did make it famous. I imagine the band members were in their…
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It’s the most wonderful time of the year With the kids jingle belling And everyone telling you be of good cheer It’s the most wonderful time of the year Andy Williams was right! It is the most wonderful time of the year, but it is also something else- it is the most dangerous time of…
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Estate planning is essential for seniors, guaranteeing their assets are distributed as they intend, their loved ones are protected, and they have clear directives in place for future healthcare decisions. However, it can be overwhelming without the right knowledge and support. Knowing some of the basics of estate planning, such as what documents are needed,…
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“Situational awareness” is the term used by Navy Seals and others to describe being tuned in to your surroundings, especially potential threats to your person. People who are “situationally aware” don’t get ambushed nearly as often as those people who aren’t paying attention, at least so the theory goes. You will most likely be spending…
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Maximizing VA benefits can significantly improve a senior veteran’s quality of life. Veterans have access to healthcare, pensions, disability payments, and other benefits that can help them live comfortably as they age. However, accessing these benefits is not always easy, particularly for people new to the VA system. Understanding what benefits are available and how…
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If you are taking care of an elderly mom or dad, as they continue aging you are going to have some difficult conversations in the future. Unfortunately, you will need to think about these things, and talking about topics like power of attorney can be crucial and save you both a lot of stress in…
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Senior estate planning includes determining how their possessions and matters will be handled and divided in the event of their passing or incapacity. Usually, it entails drafting legal documents such as powers of attorney, trusts, and wills to guarantee their desires are carried out and to effectively care for their loved ones. Estate planning is…
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