There are a number of older adults who can no longer live safely on their own but who also don’t need the level of specialized care provided in nursing homes. For adults who cannot live independently and require daily assistance, intermediate care facilities are one option to consider. Intermediate care…
In the wake of the pandemic, the topic of estate planning has suddenly become a lot less taboo, according to Lee Baker, a certified financial planner based in Atlanta. “We get more calls around estate planning,” he says. Baker is the founder, owner, and president of Apex Financial Services and is a…
If it’s been years since you drafted or last updated your will, it likely references many of your existing assets, such as retirement plan accounts and life insurance policies. You also have paperwork on file with the applicable financial institutions. It’s possible that you have modified one of these documents…
In the last post, I wrote about 5 different major life events and changes for which you should revisit and potentially revise your estate plan. Here are 3 more life changes that are cause to take another look at your estate plan and update your documents if necessary: You may…
Perhaps you met with a lawyer and created an estate plan when you were younger, soon after getting married and having children. Now your kids have grown into adults and may be married and/or have children of their own. No matter your specific life situation, there are a number of…
No one wants to think about their own death, and planning for one’s own funeral isn’t easy. Immediately following a loved one’s death, family members are already very distressed. It is hard enough to follow through with funeral arrangements that have been outlined in one’s will or other estate planning…
When it comes to the part of your financial plan related to health, things such as insurance premiums and copays might be what come to mind. These expenses are important. However, according to certified financial planner and physician Carolyn McClanahan, founder of Life Planning Partners in Jacksonville, Florida, your health…
Last week I began writing about what hospice care is, who can benefit from it, and when this type of care is recommended. Today I will continue on this topic, including who makes up a hospice care team, who pays for hospice home care, and determining if in-home hospice is…
Hospice care is a type of health care for those with terminally ill conditions as they near the end of their lives. The focus of hospice care is on the management of pain as well as emotional, spiritual, and familial support for the patient. For patients receiving hospice care, there…
As a parent with young children, you’ve put a lot of thought into the best way to raise your kids, including things such as the school they attend and the beliefs and values they are taught. But have you considered what would happen if you (and your spouse, if you…