A good estate plan typically includes a Health Directive where you appoint a trusted friend or family member to not only make medical decisions for you, but to also take care of how your remains are handled at your death.
You may think of video games as an activity for teenagers to pass the time; something for kids, but not really for adults. Did you know that more than 25% of gamers are over age 50, and over 40% are female? Today video games are for everyone, including seniors. There are a variety of games that assist with physical fitness and cognitive function. If you liked games as a child, then it’s just the case of finding the right game for you as an adult.
Now that new Medicare ID cards are being sent out, there are more opportunities for criminals to steal money and vital information from you. Ironically, the new Medicare cards, which are meant to reduce theft of social security numbers by replacing them with an 11-digit code, has opened the door for new scams against seniors.
Technology can be difficult for seniors. Often, technology developers don’t keep older adults in mind when creating a product. Many of us, not just seniors, would enjoy bigger buttons on our phones and tablets, easy to use reminders and well-lit screens. Although many seniors shy away from using modern day devices, some items can improve their daily lives. Every senior should try to use a cell phone, a medication management system and a medical alert system.
It is an incredibly stressful and traumatic experience to have a loved one face a serious medical issue and hospitalization. In the moment, you are focused on the minute-to-minute recovery, and not necessarily thinking about what happens when your loved one is well enough to leave the hospital. However, it is important to prepare for next steps.
In recent years, seniors and many others have fallen victim to email scams. These scams prey on the victims’ trust, and allow them to move forward with fraudulent transactions. Although there are many different email scams, here are two popular scams to watch out for.
Fake telemarketing is a billion dollar business for scammers and the large majority of the victims are over the age of 50. Phone scams target seniors because older adults are twice as likely to make a purchase over the telephone. Learn more about a couple of popular scams.
The biggest tax reform in twenty years was passed on Dec 22, 2017 known as the Tax Cuts and Jobs Act (TCJA). It makes fundamental changes in the way families and businesses calculate their federal income tax bills, and most individual provisions stay in effect from 2018 through 2025. Learn more…
It is important to understand the options available to help you help your parents from in-home care and adult day programs; assisted living and board and care; to skilled nursing care. Although many of these options have significant costs, Medi-Cal may offer some financial relief. In particular, Medi-Cal will cover the cost of skilled nursing home care. Although Medi-Cal is a resource-based program, there are many strategies available to Californian residents to qualify for benefits without having to spend down your assets.
Having an estate plan is critical to ensuring the right people are in place should you ever be unable to take care of your needs.