If your mom or dad is getting to a point where they may need nursing home care in the future, you may be at a loss for what to do next. You wish you could allow them to stay home and receive care, but that isn't going to be possible.
At this stage, it's a good time to talk to their attorney with them about helping them qualify for Medicaid and building an estate plan that gives them all that they need to be comfortable as they age.
Planning for your death is something that most people find uncomfortable. It's not the easiest topic to discuss, but it is something that you need to do to make things easier for your loved ones after you pass.
One of the first steps of estate planning is to put together a basic will. Your will is a record of how you want your belongings to be divided among your relatives or beneficiaries. It tells them your wishes and makes sure those wishes are respected.
As you know, the Social Security Administration will pay disability benefits to people who qualify based on their medical condition. Their medical condition must make it impossible for them to work and be one that will last for at least a year and/or result in death.
Applying for Social Security Disability is a complex process, which is why many people choose to work with attorneys and advocates as they begin the process. A denial, which many people do receive, can add months or years on to the approval process, so making sure your application is accurate is essential.
You had a difficult conversation with your mom about looking for a nursing home. Though you and your family members have tried your hardest, the truth is that your mother is starting to need more care than you can provide. Though she isn't happy about it, it's time to find a nursing home that can provide the care she needs.
When you're placing a loved one into a nursing home, it's important that you take the time to get to know the facility and identify any red flags that signal that you should look elsewhere for care. What kinds of red flags should you look for? Here are three.
Even if you're doing as much as you can to keep an elderly parent out of a nursing home, there may come a point when it's not enough. You need to do what's in the best interest of your loved one, and that often means moving them to a facility where they can receive all the care and attention they require.
Choosing a nursing home for an elderly parent is easier said than done, as there are a variety of details to take into consideration. Here are five things you can do to ease the stress of the selection process:
You have the best intentions when creating an estate plan, but no one would blame you if you were in a hurry to finish it off. While estate planning isn't the most exciting thing you'll ever do, it's critical to the current and future well-being of you and your loved ones.
It's easy to make one or more estate planning mistakes when you're not paying close attention to everything you're doing. Here are five to avoid:
Do you think estate planning is important? Most people quickly say yes, almost feeling like it's obvious that they need an end-of-life plan. Everyone will, eventually. They know that they have to take that step and get everything in order.
That fact was recently backed up by a survey, in which people were asked if they thought it was important to write a will. A full 76% of those asked said that it was. It's surprising that it's not even higher than that, to be honest, but the survey still shows that the majority of people know how important it is.
While the average person doesn't know much about Social Security Disability benefits, they probably know that applicants often face rejection even for qualified claims and that people end up waiting months or even years to get the benefits that they need. Many people struggle to make ends meet for months before their application even goes through processing.
While the Social Security Administration will pay back-due benefits to the date of the initial application, people may have to wait quite some time to receive that money, all while going without any sort of income due to an injury or illness. It is common for disabled adults who aren't able to work to worry about getting the medical care they need or even paying for the basic necessities of life, like groceries and rent.
Your parents have cared for you all your life. They’ve been there for every up and down in your life and you may feel that it’s your duty to return the favor later when they can’t take care of themselves like they used to. Caring for an aging parent is among the most noble acts a child can perform.
The reality is that caring for an aging parent often extends beyond driving them to the grocery store or the doctor. Worsening health can quickly make it difficult for you to properly care for your parent like you want. This situation can feel overwhelming but the thought of putting your parent in a nursing home may make you feel guilty.
Estate planning is a wise financial decision for those of any income level. Estate planning is for all parents, homeowners and business owners who want their children, home and/or business protected.
Unfortunately, this is unknown to 74% of respondents that took part in WealthCounsel’ s report studying how Americans view estate planning, its benefits and limitations. That 74% found estate planning more confusing than anything else, while 49% agreed that they don’t have enough assets to worry about an estate plan. A cited above, those 49% have been misguided.
Bold labels are required.
The Law Office of
William C. Wombacher
Local: 309-674-8125
Toll Free: 888-365-0852
Fax: 309-674-8149
Commerce Bank Building
416 Main Street
Suite 700
Peoria, IL 61602
