Blog

Little-Known Law Forces Children To Pay For Parent's Nursing Care

The "filial responsibility" statute is a South Dakota law which allows nursing home operators or owners to sue the adult children of patients who do not pay. In existence in South Dakota since 1939, this law is based on the Elizabethan Poor Relief Act of 1601.  

Avoid Going Broke to Pay for Staggering Nursing Home Expenses

Seventy percent of people turning age 65 can expect to use some form of long term care (“LTC”) during their lives. One-in-twelve individuals age 65 and older will experience a dementia-related condition; a full 50% of those older than 85 will. In the next 20 years, the number of seniors reaching 100 years will more than double.

HOW MUCH IT COSTS

Getting The Care You Need For Life's Transitions

The elderly (and those with special needs) are vulnerable and need help.  Despite the increasing need for care, resources are scarce. At Kendrick & Co., we assist with solutions to the challenges you face in finding long-term care for a loved one.

The Holidays Are A Good Time to Plan, Protect and Provide

During the holiday season, it is appropriate to reflect upon our many blessings: family, material resources, and abundant opportunities available only in America. In the midst of celebrating family and the holidays, take the opportunity to create or review your estate plan and talk it over with your family. You have so much to protect.

Video: Financial Literacy for Children

With family coming together over the holidays and cash gifts being popular with children of all ages, this may be a good time to look at the financial literacy of your children. It's never to early to start! Watch this 1-minute video to get some great ideas - age appropriate, uncomplicated and easy to implement. 

Isn’t It Time to be Concerned About Your Privacy?

In today’s world, there is an increasing risk of privacy violations in which personal, sensitive information may be exposed and your identity stolen, setting in motion a nightmare scenario that can haunt you and your loved ones for years to come.

10 Ways the Elderly Can Avoid Financial Abuse

Increased dependency due to illness, disability or cognitive impairments can make seniors susceptible to financial abuse. Nest eggs accumulated over decades also often make seniors attractive targets for predators, whether the predator is an offshore bogus sweepstakes or a care provider who sees an opportunity to be paid more than an hourly wage.

VA Establishes Asset Limits and Transfer Penalties for Needs-Based Benefits

The Department of Veterans Affairs (VA) has finalized new rules that establish an asset limit, a look-back period, and asset transfer penalties for claimants applying for VA needs-based benefits. This is a change from current regulations, which do not contain a prohibition on transferring assets prior to applying for benefits such as Aid and Attendance.

Working With an Elder Law Attorney and Geriatric Care Consultant

The prospect of a loved one becoming disabled, incapacitated, or entering into a Long-Term Care (“LTC”) nursing facility is daunting. There are myriad, deeply-complex issues to navigate through to identify and provide the appropriate and compassionate level of care for a spouse or elderly parent in dire circumstances.

Would you like to schedule a time to discuss?
We have a wealth of experience in Wills, Living Trusts, Geriatric Care Planning and Estate Planning.

 WesolickLawFirm@gmail.com

Syndicate content
Website Design For Financial Services Professionals | Copyright 2019 AdvisorWebsites.com. All rights reserved