What happens when you can no longer take care of your loved one? Today, thousands of people who are on Medicare, are living longer in nursing homes, with no real quality of life. Their entire life savings dwindle away to pay for long-term care, not Medicare. Let's clear up a myth, Medicare does not pay for long-term care. Which begs the question, … [Read more...] about Medicare Will Not Protect Your Savings From Long Term Care
Having “The Talk” How do you have “the talk” with your parents about wills, finances, medical care choices, and funerals? Elderly parents may be reluctant to face end-of-life issues. This may be due to one of three reasons: procrastination; lack of experience or information; or denial. In all candor, it may be a combination of all three … [Read more...] about How To Have “The Talk” With Aging Parents
Ever wonder what happens to a pet after their owner dies? Learn how to create a pet trust or care plan through mypetwill.com, it could save your pet's life! There's a widespread problem escalating across the country. It's a heartbreaking and unintentional scenario that is occurring daily in every state, city, even in rural area. This widespread … [Read more...] about How to Care for Your Pet After You Die
This question is one that’s asked on a regular basis. What’s important to understand is that the answer is the same regardless of your involvement or relationship with your parents – caregiver, advocate or even estranged, the broad answer is, debt “including medical bills” does NOT pass down to the survivors of the deceased. All debt including … [Read more...] about Who’s Responsible For My Parent’s Medical Bills After They Die?
Who is responsible for my parent’s credit card debt, mortgage and other outstanding financial obligations when my parent’s die? Many of us boomers are finding ourselves functioning in a role as a caretaker or advocate for our aging parents. Being their next of kin does bring on certain moral / ethical obligations, however when it comes to the … [Read more...] about Debt after death?