What You Need to Know About Reverse Mortgages – Cleveland Elder Law Attorney
If you are considering recommending a reverse mortgage as an option to provide extra financial security for a loved one, or to cover long-term care costs, there are some considerations to think about before committing. As you would when considering any type of financial planning for your elderly loved ones, [...]
The Pros and Cons of a Reverse Mortgage- Cleveland Elder Law Attorney
If you are helping an aging loved one plan for their financial future, and especially if you think long-term care costs may be a problem, a reverse mortgage may be an excellent solution if your loved one has equity in their home. A reverse mortgage has several benefits, including: Your [...]
Should You Consider a Reverse Mortgage to Pay for Long-Term Care Costs- Cleveland Elder Law Attorney
Reverse mortgages have become a popular means of acquiring the necessary funds to pay for long-term care costs because they provide a way for senior’s to turn their home equity into cash. What makes reverse mortgages so appealing is that the elder does not have to have an income, will [...]
Long-Term Care Insurance, HIPAA and Taxes- Cleveland Elder Law Attorney
The Health Insurance Portability and Accessibility Act of 1996 is most commonly referred to as HIPPA. While HIPAA covers a lot of different aspects of patient rights, it also affects how premiums and benefits are taxed. Nothing is ever simple when it comes to taxes, so if you have concerns [...]
Respite Care for Alzheimer’s Caregivers – Cleveland Elder Law Attorney
If someone in your family is willing and able to provide the day to day care of your loved one once the Alzheimer’s progresses to a level that makes assistance with ADLs necessary, it is very important to ensure the caregiver is cared for as well. Often family caregivers are [...]
How to Evaluate a Long-Term Care Facility for Alzheimer Patients- Cleveland Elder Law Attorney
When Mom or Dad has Alzheimer’s and the need for long-term care at a nursing home or assisted living facility is needed, all adult children worry about making the right choice. When financial limitations are thrown into the mix, it can become even more difficult to make a decision about [...]
Choosing the Right Type of Care for Your Loved One With Alzheimer’s- Cleveland Elder Law Attorney
When a loved one has Alzheimer’s, it can be difficult to separate emotions from logic to determine what type of care is really in the best interest of your loved one. The decision to place your loved one in a nursing home is especially difficult. We hope that these questions [...]
Long-Term Care Policy Checklist – Cleveland Elder Law Attorney
When comparing long-term care insurance policies, you should first do some research to find out how much long-term care costs in your area. Can you get the type of care you will need locally, or will you need to go to a larger area or city? Once you know what [...]