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When you hear the phrase "long-term care," what
do you think of? If you're like most people, you think of a nursing
home. While it's true that nursing homes are a big part of the overall
long-term care picture, the topic encompasses much more. In general,
long-term care refers to help with basic activities of daily living
(referred to as ADLs) such as bathing, dressing, eating, and using
the bathroom. This help can be provided in the home, in assisted-living
facilities, or in nursing homes. Click
to read more.
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According to a survey by the American Association
of Retired Persons (AARP), less than half of people age 50 to 54
have a will. Unfortunately, without a will (or other way to transfer
assets to beneficiaries), state law may end up determining how your
assets will be distributed after you die. Depending on the laws
of your state, if you have minor children, the court may choose
their guardian if your spouse is not living. If you have a life
partner but no will, the court could distribute your assets to your
nearest relatives, and your partner may not receive anything. Or,
if you intended to make a gift to charity, your wishes may not be
carried out. Click
to read more.
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