With more seniors choosing to live with adult children who work full-time, adult day care centers offer a valuable service. It allows the senior to socialize, engage in activities and receive proper care during the time that the family members either work outside of the home or need a break from caregiving.
A trust is a legal document funded with certain assets, managed by a trustee and upon certain stated conditions transfers the assets to named beneficiaries. A living trust is created during a person’s lifetime while a testamentary trust is created under a will during the estate administration process after the person dies.
Transferring real estate can pose a variety of issues during the estate administration following the real property owner’s death. Real property includes the physical property of real estate as well as a bundle of ownership and usage rights.
For care providers and aging seniors in the information age, the future is now. While still with some challenges, adoption of virtual care as a standard in senior living and aging services has become a fully integrated and accepted practice to overcome obstacles in senior healthcare.
A comprehensive estate plan transfers assets from one owner to chosen beneficiaries while also minimizing administration expenses and tax liabilities. A category of assets that can be included in an estate plan is intellectual property interests.
Whether it happens unexpectedly or after a long illness, facing the death of a loved one can be a painful experience. Everyone grieves differently which makes those wanting to help often at a loss of the best manner to go about offering that help.
While this year’s Alzheimer’s Association International Conference (AAIC) was held virtually due to Covid-19, it was still full of information. With over 3,100 presentations and attendees signing in from over 100 countries, the turnout was remarkable.
In Maryland we cheer for the Ravens, Orioles and Terrapins, but regardless of team or sport, professional athletes have a unique set of circumstances that require customized estate planning strategies. Some of the key issues professional athletes face include:
Data compiled by the Centers for Medicare and Medicaid Services show that more than 130,000 nursing home residents have died of Covid-19. Additionally, more than 2,000 nursing home staff died of this virus as well. Once the vaccines were approved and rolled out, there was a significant decline in Covid cases both in and out of nursing homes.
A special needs trust (SNT) is a unique type of trust document that manages assets for a person with disabilities. A trustee will oversee the assets and make financial decisions according to the terms in the trust.
