Child caregiver contracts are agreements that help benefit children who devote themselves as caregivers for their ailing parents by compensating them for the work they perform during the parent’s life. These agreements can help families in a number of ways; …Read More
Tag Archives: long-term care planning
About 70 percent of people age 65 or older will someday need long term care services and supports. Unfortunately, the cost of that care is generally not covered by Medicare or other health insurance. It can easily bankrupt the
It’s a particularly unpleasant aspect of aging. We are likely to need long-term care services before we die.
By “long- term care” I mean the type of care you need if you have a prolonged physical illness, disability or severe
Many people think that you are not allowed to make any gifts if you need nursing home care. But this misunderstanding can cost your family dearly. The truth is that gifts are allowed in many situations, and may be pretty
Each year Genworth reports on the cost of long term care in the United States. It surveys nearly 15,000 long term care providers in 437 regions nationwide. The resulting details “can help consumers plan for long term care costs in …Read More