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How to Prepare for the Cost of Long-Term Medical Care

The decision to buy long-term care insurance vs. self-insuring is a common conundrum. If you can afford to self-insure based on your estate planning, then the choice boils down to whether you would like to retain the risk or share the risk with an insurance company. What is long-term care insurance? Long-term care insurance covers…Read More

How to discuss estate planning with your family

Estate planning is a difficult topic for families. However, it’s an important conversation to have. The best approach is to try and understand what you can do to help your loved ones prepare their estate plan or help them better receive it. Below are a few tips to include in your plans.  Have difficult conversations before a…Read More

Who needs a trust?

Before we consider the need for a trust, it’s important to understand exactly what a trust is.  A trust is a legal document that is formed between two or more parties where one person, who is called a trustee, holds property on behalf of another, called a beneficiary. More specifically, a trust is created when property…Read More

How to prepare to receive an inheritance

The passing of a loved one is a stressful time for anyone. Add an inheritance into the mix and relationships between family members can add even more stress. One thing is certain; receiving an inheritance without proper planning is the best course of action. Below are some things to consider before moving forward with an…Read More

Consider caregiving costs when planning for retirement

Financial planning for retirement normally includes some travel and more time to be social with friends. However, most older adults do not allow for caregiving in their retirement budget – whether it’s hiring a caregiver to care for a loved one or being a caregiver themselves. Planning for Care When caregiving needs become a priority for…Read More

When is the right time to take the car keys from your loved one?

Driving a car can feel like second nature, but as we age that feeling turns into uncertainty. Aging affects eyesight, reflexes and overall safety while driving. The decision to take car keys away from an aging family member or friend is an emotional one but having those hard conversations earlier and paying attention to any…Read More

How to know when it’s time to move your parents into assisted living

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

Is long-term care insurance really worth it?

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