USING MEDICINES SAFELY Despite advances in medical knowledge and technology, an increased number of adverse health conditions often come with age. Tracking appointments with specialists and all of the medicines prescribed to treat health conditions can be taxing, at best. Worse, mistakes in taking medicines can be costly, especially as more Americans are combining over-the-counter…

SOCIAL SECURITY – THE BASICS The Old Age Survivors and Disability Insurance Program, often known as Social Security, provides America’s aging population with a full spectrum of benefits, including retirement benefits, survivors’ benefits, Social Security Disability benefits (SSDI), and Supplemental Security Income (SSI). President Franklin Delano Roosevelt originated the program as a way to protect…

NATIONAL FAMILY CAREGIVER SUPPORT PROGRAM In 2000, the United States Congress enacted the National Family Caregiver Support Program (NFCSP). Although the legislation was originally designed to benefit only caregivers of relatives over the age of 59, it was altered before enactment to also benefit relatives over the age of 59 who were caring for children….

MEDICARE – SUPPLEMENTAL HEALTH INSURANCE – CHANGING MEDIGAP POLICIES & LOSING MEDIGAP COVERAGE Sometimes, elderly Americans who have Medigap insurance to supplement their Medicare coverage wish to switch to a different policy. Other times, they must select a new policy if they wish to continue coverage because their insurance company goes bankrupt or because they…

INSURANCE – LONG-TERM CARE – UNDESIRABLE POLICY OPTIONS Long-term care insurance can provide peace of mind to those who are concerned about how they will finance long-term care, if needed. It can also provide significant financial assistance to buyers. However, some policy terms can negate many of the benefits of coverage. It is critical that…

ASSISTED CARE FACILITIES FOR ELDERLY INDIVIDUALS An assisted care facility is a facility for elderly people that provides housing with assistance to the elder person. In this environment an individual has an apartment-type area to reside in. The assisted living environment provides both an independent atmosphere for the elder person along with assistance when needed….

DISTRIBUTION PROVISIONS Spray Provisions A very common and valuable provision seen in most family trusts and invariably in dynasty trusts is the spray or sprinkle provision. Where there is more than one beneficiary, this provision allows the trustee to distribute (spray) the income and/or principal among the beneficiaries in varying proportions as the trustee feels…

Codicils In Latin, the word “codicil” means “little will. A codicil is a formal document that amends the provisions of a will. The amendments may change, modify, or supplement the provisions of a will. Codicil Requirements A codicil must be executed with the same formalities of a will. Unlike a will, however, a codicil need…

Elderly Law Resources Insurance – Long-Term Care – Undesirable Policy Options Long-term care insurance can provide peace of mind to those who are concerned about how they will finance long-term care, if needed. It can also provide significant financial assistance to buyers. However, some policy terms can negate many of the benefits of coverage. It…