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May 2017 Archives

How do people typically pay for nursing home care?

Long term care planning can be important since many people in Pittsburgh, Pennsylvania, may have to spend their last years living in a nursing facility. One thing that nursing facilities generally have in common, however, is price, with the average cost being $321.95 per day in 2017. This means that long term care planning is important when people in Pennsylvania start thinking about financing nursing home care.

5 tips for discussing nursing home care with your aging parent

Long term care and nursing home planning may need to be discussed with your aging parents. Are you trying to figure out a way to broach the conversation? You have good intentions and are only bringing up this topic because you love them, but the discussion can be very challenging and emotional.

Examining the responsibilities of a Guardian of the Person

In Pennsylvania, guardianships are sometimes sought over adults who can no longer handle their own medical or placement decisions. Those appointed as guardians have a lot of responsibility for their wards, which responsibilities are grouped into two basic categories. A Guardian of the Estate will usually have responsibility for a person's assets, while a Guardian of the Person will have responsibility for the care and custody of the ward.

Heirlooms and Estate Planning

Estate planning sometimes deals with family heirlooms. A growing trend finds family heirlooms being sold or given away by younger generations to whom these items have been left because they do not see the value in holding on to them. Millennials and generation X'ers may be left cultural and historical items from past generations in a Last Will and Testament; but more of them are shunning pieces like grandma's antique chairs and dining room table and opting for new furniture from places like IKEA. The same could be said for large hutches and the fine china that resides in them. Old scrapbooks full of family pictures and letters may wind up on the scrap heap as well.

We help people planning for long term care

Long term care planning is an issue that many Pittsburgh residents must face when dealing with the needs of their older relatives for assisted living or nursing facility care. Planning for long term care is something that should be done sooner, rather than later. It is also never too early to begin preparing for one's own possible long term care needs. When making these preparations, it is a good idea to follow some best practices.

Baby Boomers: Can You Afford Nursing Home Care?

According to the U.S. Census Bureau, Pennsylvania has the fifth largest number of baby boomer residents. In fact, as of 2015, nearly 20 percent of the state's population was age 65 and older. For these individuals and their family members, it's important to take steps to prepare and plan for the next 10, 20 or more years.

Trusts could be the way for long term care planning

Long term care planning may involve the use of irrevocable trusts. Why are these trusts useful vehicles to protect your assets? Irrevocable trusts take the assets out of your name and control, which can protect them from being exposed to paying for your long term care.

Where to probate out-of-state property

Every executor comes to the estate administration process with a different amount of estate administration experience. Many people have no estate administration experience at all. Others have administered one or two estates before, and some have lots of experience with administering estates. Given the varying levels of experience people have, it is important that estate executors be familiar with the various duties and obligations of their position.

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