What is Daily Money Management? Daily Money Managers help people handle their daily finances and, depending on their individual practice, a variety of other administrative tasks. There are 2 different daily money management programs at Diablo Valley Foundation for The Aging: AARP Volunteer Money Management Program and Fee for Service Money Management Program. The AARP Volunteer […]
Question: “I am seeking information about Aging in Place. What is it, what are the advantages of Aging in Place vs Institutional Care, and what is the difference in cost?” Answer: “Aging in Place means that residents don’t need to move from their homes in order to accommodate their changing needs. When surveyed, over 85% […]
Question: “In my opinion, the more Elder Care Resources there are available to help families with their elder care matters the better decisions they will be able to make about this most important issue. My quesion is whether ElderCare Matters (since you are already an established company) would consider financially sponsoring another website, one that would […]
Answer: We all can expect to age and none of us are immune to health crises that may leave us incapable of properly handling personal financial matters. You want to make certain that someone you have complete trust in (known as your agent) will manage your affairs if you are unable to do so. A […]
Question: “My elderly parents live in Oklahoma and I live in Texas. I want them to move into an assisted living facility or to an elder adult community, but they want to stay in their own home. I have heard of Geriatric Care Managers, but I don’t really know how my parents would benefit from […]
Veterans Benefits for Long Term Care Veterans or widow(er)s of veteran may be entitled to a non-service connected monthly pension to offset long term health care costs such as home health care, assisted living or nursing homes. Many veterans are unaware of this benefit or assume they don’t qualify because they didn’t retire from the […]
Question: My 87 year old mother is in declining health and needs to move to assisted living. I’m worried about the cost because she’s on a fixed income. My father served during World War II. Is she eligible for any kind of Veteran’s benefit? Answer: The surviving spouse of a veteran who served at least 90 days […]
Question: I need information about the process to apply for a Guardianship or a Conservatorship. Can you please provide this information? Answer: To initiate a guardianship or conservatorship, an interested party must file a petition to the court. The petition will state the petitioner’s relationship to the prospective ward. The petition also will state facts that show that […]
Question: “What would be a reasonable hourly wage to pay someone to take care of financial and household management for my senior mother here in Sacramento County, CA?” Answer: It sounds like your mother needs a daily money manager (DMM). DMM’s help people handle their daily finances and, depending on their individual practice, a variety of other […]
Aging in Place Means Aging in Your Home This ultimately applies to everyone on the planet, as we are all aging and will eventually need changes to our home to make life easier and safer. The best plan for making Aging in Place modifications to your home is, do a little at a time. Many […]
Question: “With the high price of nursing home care and assisted living, our family is considering making the necessary modifications to Mom’s home so that she can “age in place” there. Specifically, what would we need to consider in order to proceed with this elder care housing plan for our mother?” Answer: The first step should be to […]
Every day, more and more families from across America are relying on ElderCareMatters.com to help them find competent “Elder Care Experts” who are located near them and who can help them with a wide range of elder care matters, such as legal services, financial planning, home care, senior housing, adult day care, geriatric care management, money management, insurance services, aging in […]
Question: I am a practicing elder law attorney with more than 15 years experience helping families with their elder care matters. How would I go about becoming a member of the national ElderCare Matters Alliance so that I may be listed on www.ElderCareMatters.com and so that I may be a resource for families who visit this […]
Question: Would you please provide me with some information re: gifting as it relates to VA planning for Aid & Attendance. It is my understanding that there are no penalties involved for gifting assets in order to reduce resources to approved levels. Mom’s income is less than the medical expenses that she will pay in […]
The Perils of Joint Tenancy One day Dad and Mom hear about this great idea called “joint tenancy” and put their sons Moe, Larry, and Curly on title to their house. Joint tenancy appeals to Mom and Dad because it provides a way for title to the house to pass more or less automatically to […]
Answer: If you are a professional who helps families plan for or deal with ANY of their elder care matters, then you owe it to yourself to be listed on America’s #1 online source for “Elder Care Experts”…. ElderCareMatters.com ElderCareMatters.com is where you will find more than 2,000 competent, caring elder care experts located across America, including: […]
Last Will & Testament (Yours and the one the state has for you) Without a will, or some other form of estate planning, your property will pass by intestate succession. In other words, if you don’t have a will, the state has one for you. The problem is that the state may not do things […]
Question: My mother has borderline dementia and is making bad financial choices based on an outside influence (ex-boyfriend) in her life. My brother and I are concerned. We have dual powers of attorney for her, but wonder when we should step in. Any help on what steps to take would be appreciated. Answer #1: Assuming you […]
THE ‘POWER’ IN A POWER OF ATTORNEY Lawyers are continually asked by clients whether they need a Power of Attorney. There is no universal answer to this question, as everyone’s financial situation and relationship with others is different. A meaningful response requires that the client understand what a Power of Attorney (commonly referred to as […]
The correct answer depends on your unique family, health, and financial situation if you need Nursing Home Care. Tax consequences also have to be considered. In the event you need Nursing Home Care Providers, there is a five year look-back period that applies to gifts (transfers of assets without consideration). Thus, if you are faced […]
Planning for Your Adult Children With Special Needs Can Also Protect Your Assets From Nursing Home Costs Parents and grandparents of an adult disabled child often ask what’s the best way to make provisions for that member of the family who will not be able to be self-sufficient. Parents generally try to consider the future […]
Question: “I have a potential concern for my recently widowed 84 year old mother, a Massachusetts resident who requires home care. Mom is independent, still has all her intellectual faculties, and has a great memory, but has some physical limitations, so she requires home care assistance. I visit Mom every few weeks to help her […]
Personal Care Contract Payment to Family Members: ANOTHER MEANS OF ASSET PROTECTION Can I help preserve my assets by paying a family member for my care? Medicaid clearly allows care contract payments for caring for loved ones living at home. The question is will it allow personal care contracts for providing care services for those […]
Question: My elderly in-laws have a 1st and 2nd mortgage on their home. Would they still be eligible for a reverse mortgages? Answer: With Reverse Mortgage, it doesn’t matter how many mortgages have previously been placed on the property. The couple must be at least 62 years old. Actually, the amount of money you might get […]