Jane Gross over at the New Old Age Blog recently wrote a post about the prospect of enforced filial responsibility. Filial responsibility laws are patterned after Elizabethan Poor Laws and state that adult children are responsible for the basic needs of their parents, just as you would be for the basic needs of your spouse… Read More »
Blog Posts Page 53
Special Needs Trust May Prolong Life of Beneficiary
Individuals with mental illnesses already have a number of unique challenges to face, and now Time Magazine tells us they have one more terrifying prospect, because, according to Time’s recent article by Kate Torgovnick “on average, people with severe mental illness die 25 years younger than the rest of the population.” There are many contributing… Read More »
Forced Divorce for Seniors?
Growing old alone can be tough, but it might be what many of our parents and grandparents will be forced to do in order to protect their assets and still qualify for Medicare. In her article Caring for Aging Loved Ones Can Be a Catch-22, journalist Gail Sheehy describes how she learned the hard way… Read More »
The “Spousal Protection Plan’: Creating A Plan For Each Other
Senior couples often ask how they might protect each other from the devastating financial cost of long term nursing home care. This is a real concern, as nursing home expenses average $9,500 per month in our community, and are likely only to increase over time. This concern is all the more real for those who… Read More »