Protecting You and Your Loved Ones

Elder Law Articles

Do Your Financial Plans Consider Memory Loss?

Do Your Financial Plans Consider Memory Loss?

Memory loss can creep up over time or be a sudden devastating hit with a stroke. Let’s face it, it’s something we would prefer not to think about. But we must, because the Journal of the American Medical Association has reported that managing personal finances is one of the first life activities to decline with cognitive impairment and early stages of memory loss. What should be done to protect your financial plan if your memory fails?

There

There's No Place Like Home

That old adage expresses the feeling of a great many people. For those of advanced age, the home can also become a risk for injury if certain precautions aren’t taken. There is no way to insure 100% safety, but here are some ideas.

The Other Valuable Consideration Rule

The Other Valuable Consideration Rule

There are many children who have sacrificed greatly to give care to an elderly parent so that the parent can stay in the family home. Some have even given up their jobs to give that care. Besides that being a tremendous devotion to a loved parent, the federal and state law recognizes that keeping the elder parent at home may very well have saved the state and federal governments tens or hundreds of thousands of dollars because the parent did not have to enter a nursing home during that time.

Recognizing Depression in Older People

Recognizing Depression in Older People

Depression can affect people of any age, but it is much more common in older people. The American Journal of Geriatric Psychiatry estimates about one-quarter of older people examined by healthcare professionals have some level of depression. If you have had a doctor’s exam recently, you may have noticed that the doctor or his staff asked a few quick questions about your frame of mind, and depending on age, they also give a mini mental evaluation relating to memory.

Facing The Facts of a Parent’s Decline

Facing The Facts of a Parent’s Decline

Sooner or later many families face the problems of an aging parent’s decline, such as creeping dementia or decreased physical mobility. It’s not pleasant to see that once strong and vibrant parent slowly lose the ability to be independent, and a big impediment to planning and getting a medical diagnosis is both the parents and the adult children being in denial.

Nobody Thinks About This Stuff

Nobody Thinks About This Stuff

The title is a quote from the daughter of an elderly couple who were suddenly faced with the need for long term care at home. This can happen to anyone at any time, but of course the probability is much greater the older a person is. That can be due to disease, physical or mental decline or a sudden accident such as falling down the stairs. So what exactly is “this stuff”?

Allaire Elder Law

Contact

PH:  (860) 259-1500
Fax: (860) 259-1502

logo-blue Legal Articles 5 - Allaire Elder Law

elder-law-guide-button Legal Articles 5 - Allaire Elder Law