Portland Oregon Legal Planning News
If you have a parent in a nursing home, you're likely facing a lot of difficult decisions and stressful situations. It's natural to feel overwhelmed, but it's important to remember that you have options and resources available to you. One question that often comes up is whether the nursing home can take a loved one’s life insurance policy. Let's dive into this issue and provide some empowering advice.
Read MoreAs our family members age, taking care of their financial and medical needs becomes increasingly important. Having conversations about the realities of aging early on can help ease the emotional stress that comes with it - providing a cushion for both you and your loved ones in case any conditions like dementia set in quickly down the line. With proactive planning and by utilizing the strategies listed below, families can ensure that their older loved ones are well-supported through this stage of life.
Read MoreAs our loved ones age, it's not uncommon for them to experience a decline in mental abilities that can make it difficult for them to manage their finances effectively. If you have an older loved one, it's important to be aware of the signs of diminished capacity so that you can take action to help protect their financial well-being. In this blog post, we'll discuss some of the signs of diminished capacity, and what you can do if you're concerned about your loved one's financial situation.
Read MoreYou worked hard to provide for your spouse throughout your marriage, and you want to continue to do so well into your retirement years. When the need for nursing home care or assisted living is on the horizon, the cost of such care can weigh heavily. The good news is that asset protection planning can help alleviate this anxiety before it fully sets in.
Read MoreServing in the US Armed Forces is a source of honor and pride for our service members. Unfortunately, serving in the armed forces increases health risks to those who serve. Combat situations are obviously risky, but many harmful situations don't involve direct combat, including exposure to hazardous chemicals, accidents, and mental stress.
Read MoreA recent survey counted over 18.2 million American Veterans over age 65. Many of these Veterans include those who served in World War II, the Korean War, the Vietnam War, and the Persian Gulf War. Suppose you are caring for an elderly Veteran. In that case, you should know about the benefits and services available for the various health and financial challenges Veterans may face.
Read MoreWhen faced with a terminal illness or condition, more people than ever are choosing hospice care over starting or continuing expensive medical treatments. Hospice care is for patients who choose not to undergo specific treatments or when they are no longer effective. Instead, the focus is on the patient’s comfort and quality of life. Care is received at home or in a facility, such as a hospital or a nursing home.
Read MoreThe holiday season is joyous for many. However, it can be overwhelming if you care for an older adult. People in their senior years often feel isolated from the outside world if they can't participate in certain festivities. Maybe they used to be active and loved playing with their kids and grandkids but no longer have the energy or physical abilities.
Read MoreWe have all heard horror stories about identity theft. Not only is it astonishingly easy for thieves to steal your identity, but it often comes with little recourse and can take years to repair your credit when it happens. Seniors are especially susceptible to identity theft because they are less likely to use tools that help to keep their identities secure. As people age, the danger becomes even greater, because a person may experience dementia or other cognitive impairments that go unchecked before things get to a serious enough point that someone steps in to manage that person’s affairs.
Read MoreCreating a comprehensive estate plan can protect your interests and your family’s future. When you work hard to earn a living and obtain assets, it’s natural to want to pass them down to your children or dependents when you pass away.
Read MoreOregon elder law attorneys know that making the decision to move an elderly loved one into an assisted living facility is never easy. However, when your elderly parent or grandparent is struggling with Alzheimer’s or another form of dementia, the situation can be particularly challenging.
Read MoreIn general, middle-income seniors have income and assets that make them less likely to qualify for Medicaid. At the same time, they may not have adequate resources to pay for the rising costs of housing and care options they need.
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