Larry King’s widow Shawn has dragged her sister Shannon into her $100 million lawsuit accusing her ex-business managers of conspiring with the late TV legend’s son and transferring millions to third parties without her consent, RadarOnline.com has learned.
How this is handled now depends on the plans the deceased made when they were alive. For some people, that might mean probate.
Chief among the findings of a 2022 AARP survey of Nebraska voters is an emphasis on improving support for families providing long-term care services who are likely to suffer from caregiver burnout. Changing workplace policies for employees who serve as caregivers to provide unlimited unpaid work leave as well as increased paid leave for caregiving duties were top desires for those surveyed. According to a new survey by Seniorly, a national network of senior care advisors, besides losing members of the workforce who give up their jobs to take care of others, over the past six years, the percentage of family caregivers who say their own health status is fair or poor nearly doubled, going from 12% to 21%. Clint Rendall with Aadi Bioscience, biopharmaceutical company, agrees that being a caregiver can place a lot of mental, physical, and emotional strain on individuals. "We get so stressed personally," Rendall said. "Whether that's with the workplace, or providing care for someone that we stop caring for ourselves and then it's sort of a vicious cycle." Unfortunately, many family caregivers experience burnout characterized by mental, physical, and/or emotional exhaustion that impacts one's wellbeing and causes an individual to shift in their life…
Many families discover that trying to mitigate the cost of long-term care can conflict with another common retirement concern—reducing taxes for retirees and their heirs.
Nobody likes thinking about what happens if they should become incapacitated or die. However, we all need to have a plan in place for just these possibilities.
On National Healthcare Decisions Day Sponsor of The Conversation Project, The Institute for Healthcare Improvement reminds the public of the importance of having conversations and documenting our healthcare wishes for the future. Advance care planning or an advance directive is a legal document that states a person’s preferences for medical treatment, medical decision-making and end-of-life care. These conversations are important for people of all ages, as unexpected healthcare situations can happen at any time. Advance care planning documents commonly include the following: A durable power of attorney for healthcare names someone to function as a proxy or agent for the principal, or person named in the document, when he or she may be unable to make healthcare decisions for themselves. A living will includes an individual’s wishes for end-of-life treatment. This can concern specific procedures such as dialysis, tubal feeding, or blood transfusion. If the person becomes permanently unconscious (coma), families can make treatment decisions based on wishes expressed in a living will. Read more in our article: Is a Living Will the Same as an Advance Directive? A HIPAA Authorization form to designate authorized persons with whom doctors and other healthcare providers should share or release medical information and medical…
Seventy percent of those who reach age 65 will need long-term care services or expensive in-home nursing care, and 42% of it nationwide is paid for by Medicaid.
One aspect of your Omaha estate plan that you may not yet have taken into consideration is your digital legacy. Arranging what happens to your digital assets and information when you pass away has become an increasingly essential component of financial literacy — and comprehensive estate planning. According to Pew Research, the number of adults in the United States who say they use the internet has grown from 52 percent in 2000 to 93 percent in 2021, with 85 percent using the internet daily. Many people rely on digital technology to socialize, work, pay bills, and manage their affairs. Including Digital Assets in Your Estate Plan When planning their legacies, individuals often first address their tangible assets – homes, cars, money, and personal items, like jewelry collections or photo albums. Yet it is also crucial to consider digital assets and information – which can have significant financial and sentimental value – when planning for the future. By accounting for digital assets in your estate plan, you can protect your family, pass along things of monetary or sentimental value, make things easier for your loved ones, and preserve your legacy. Read more on starting the process of locating your digital assets in…
Far too many people wait to plan until they are in their 70s. Unfortunately, not all of them make it to age 70, and not having a plan can create a lot of unnecessary tension.
Retirees should secure themselves first, and if you’re all set there, then consider a few other things, such as the impact on the children and tax issues.
