An ADHC is a specific type of document that allows you to tell your health care providers, in advance, how you want to be treated in the event you are determined by a physician to have a “terminal condition,” are “persistently unconscious” or have an “end-stage condition.” These terms have a particular definition under Oklahoma…Read More
Medicaid planning, a form of estate planning, helps disabled persons or senior aged persons as they pay for long-term care. Proper planning can help families and individuals save thousands of dollars and avoid serious mistakes. Read on to learn more about Medicaid planning and Elder Law. Medicaid Planning: Things to Know An extremely complex program,…Read More
Money troubles are typical among people who are beginning to experience cognitive declines. Studies show that many people start losing the ability to manage finances and make sound decisions as their memory, organizational skills and self-control falter long before they receive a dementia diagnosis. Unfortunately, banks are slow to introduce guidelines that protect the older…Read More
When is the right time to move loved ones into an assisted living community? It’s a question faced by many. The answer is different for every family. Let’s take a look at some of the most common reasons why families move their loved ones into retirement communities. Daily activities The ability to care adequately for…Read More
Long-term care insurance is a type of coverage that helps pay the expenses of long-term care as people age, from assisted living facilities, nursing homes and caretakers to medical equipment and adult daycare services. Like any insurance, there is a level of uncertainty about whether it will repay the buyer in benefits. Given that nearly everyone will need…Read More
Special needs trusts (also known as supplemental needs trusts) are an important part of the financial planning process for a special needs child. These trusts are designed to provide benefits to those with physical, psychiatric, or intellectual disabilities, and still allow them to receive government benefits including Social Security (SSI) and Medicaid. There are two types…Read More
Families who have a loved one with special needs have a unique set of challenges. Parents of a special needs child or adult usually have services in place to create a structured and safe environment for them to live a productive life. A trust is also the best way to be sure that your special needs…Read More
