It doesn’t matter if you’re seeking out a nursing home for yourself or a loved one, nothing changes the fact that you want to make the perfect decision the first time. If that doesn’t happen, you’ll have to make a change in the future, which can cost time and money. While there is no “best way” to choose a nursing home, there are tips you can follow to help yourself make the right decision. Here are three things you should do: Research, research, and research some more: The more research … [Read more...] about What’s the Best Way to Choose a Nursing Home?
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What’s the Best Way to Pay for Long-Term Care?
It’s your hope that you never have to pay for long-term care, but neglecting to plan for this is one of the biggest financial mistakes you can make. Should you put it on the backburner, there may come a day when it sneaks up on you. And if that happens, you may find yourself scrambling for the best way to pay for care. Everyone is dealing with their own financial circumstances, so there’s no one size fits all approach to paying for long-term care. However, there are several options to … [Read more...] about What’s the Best Way to Pay for Long-Term Care?
How to Begin the Estate Planning Process
You’ve come to the conclusion that there’s no better time than now to create your first estate plan. Congratulations! Although it’s a challenging process, as you’ll come face to face with many questions and concerns, it’s extremely rewarding in the long run. The first thing you need to do is prepare for the estate planning process. This differs from one person to the next, but there are some basic steps anyone in this position can take. Here are three of them: Write down your short … [Read more...] about How to Begin the Estate Planning Process
Retirement Planning Never Stops
When you’re young, you begin to realize that the money moves you make will one day impact you in retirement. And once you reach retirement age, you’ll realize the importance of adjusting your approach to ensure that you have enough money to last the rest of your life. In other words, retirement planning never stops. Even after you hang up your work boots, you still need to plan for the future. Here are five important steps to take as you plan for your retirement, regardless of your age or … [Read more...] about Retirement Planning Never Stops
How to Help a Loved One Choose a Nursing Home
You never want to learn that a loved one, such as an elderly parent, needs to move into a nursing home. However, if the time comes, you shouldn’t hesitate to step in and provide assistance where you can. Helping a loved one choose a nursing home is easier said than done, especially if they’re not keen on the idea. Fortunately, with the right approach, you can help them make a sound decision. Here are some of the things you should do: Create a list: Rather than randomly choose a … [Read more...] about How to Help a Loved One Choose a Nursing Home
Questions to Answer When Shopping for Long-Term Care Insurance
It doesn’t matter if you’re young, old, or somewhere in between, there may come a point when you consider purchasing long-term care insurance. With so many benefits, it may be something you want to add to your financial plan. Just the same as any type of insurance coverage, there are many questions associated with the purchase of a long-term care policy. Neglecting to answer these could result in the wrong decision, thus costing you both time and money. Here are some of the most important … [Read more...] about Questions to Answer When Shopping for Long-Term Care Insurance
What are the Benefits of Life Insurance?
Life insurance. It’s something that you know you need, but are hesitant to purchase. There are many reasons for this, including the fact that it’s never easy to think about your eventual passing. However, as you become more familiar with the benefits of life insurance, you’ll realize that it’s something you definitely want to add to your financial and estate plans. Here are three reasons to consider this purchase: Peace of mind: It’s natural to have concerns about what will happen to … [Read more...] about What are the Benefits of Life Insurance?
Don’t Take These Risks When Creating an Estate Plan
Creating an estate plan will pull you in many different directions. On one front, you want to do what’s best for you and your loved ones, no matter what it takes. Conversely, you’re not excited about spending too much time on the process, as it’s not your idea of a good time. It’s natural to look for ways to cut corners. However, if you take an unnecessary risk, it could cost you and your loved ones time and money in the long run. Not to mention the stress that it can add to your … [Read more...] about Don’t Take These Risks When Creating an Estate Plan
Assignment and Nominee
What’s an “Assignment and Nominee” agreement and what does it do? Some attorneys use such an agreement as a belt and suspenders approach to funding. Read on to learn more. … [Read more...] about Assignment and Nominee
Leaving Assets Can Be Tricky
Leaving assets to your adult children or other beneficiaries may seem simple. But in many situations, it can be quite tricky. Read on to learn more. … [Read more...] about Leaving Assets Can Be Tricky
