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Protecting an Inheritance from Your Adult Child’s Spouse
During the course of estate planning discussions, many people communicate to their estate planning attorneys that they simply want to leave their inheritance in such a manner that it stays in their bloodline. The fact that approximately 50% of all marriages in the United States end in divorce makes those same people weary of a son-in-law or daughter-in-law
October 5, 2020
Should I Take or Waive Executor Fees?
Under Maryland state law, executors/personal representatives are entitled to payment for their work in administering an estate. Often the wording included in a Last Will and Testament will state a flat fee, contingency fee (based on transactions or size of the estate) or simply claim an executor is entitled to ‘reasonable compensation’.
October 2, 2020
Anosognosia: How Aware Are Dementia Patients?
The word anosognosia is derived from Greek roots meaning ‘without knowledge of disease’. Many seniors suffering from dementia and/or Alzheimer's disease are unaware that they need assistance or that they have any cognitive decline.
October 1, 2020
Vaccinations for the 2020-2021 Flu Season in Light of Covid-19
There are many different flu viruses and they are constantly changing. Now add to that Covid-19 and you may wonder how the elderly will survive the 2020-2021 flu season (October through March). There are two new vaccines licensed for use during this upcoming flu season. One is specifically for older adults - a high-dose vaccine for use in adults 65 years and older. September and October are generally the best time to get vaccinated.
September 25, 2020
How a Residential Lease is Impacted by Death of a Tenant in Maryland
When someone rents residential property and dies during the lease period, the lease does not terminate automatically. The estate of the tenant will still be liable for paying rent for the duration of the lease period.
September 21, 2020
How Can I Get Paid for Being a Family Caregiver?
There are millions of family caregivers providing billions of hours of unpaid care for loved ones. This can come at a huge personal cost to the caregivers in the form of lost wages and lost time with other friends or family.
September 18, 2020
When Does a Power of Attorney Designation End?
A power of attorney (POA) authorizes a specified individual to act as your agent to handle certain matters, such as finances or health care, on your behalf. If a power of attorney is durable, it remains in effect if you become incapacitated, such as due to illness or an accident.
September 17, 2020
Compulsive Shopping Among the Elderly
Online ordering, television shopping channels and mail-order catalogs make it very appealing for seniors to shop as a hobby or pastime that can quickly lead to an addiction. Some seniors may have had shopaholic tendencies their whole lives, while others ramp up their spending to overcome feelings of depression, boredom or loneliness.
September 15, 2020
How to Spot Medical Billing Errors and Reduce Out-of-Pocket Expenses
You may find yourself accruing a lot of out-of-pocket (OOP) costs not covered by Medicare that can become a major financial burden. Healthcare costs are exorbitant but there are some steps that caregivers for seniors can take to reduce these out-of-pocket expenses.
September 11, 2020
Helping Prevent Injury-Causing Falls Among the Elderly
According to the Centers for Disease Control and Prevention (CDC), 1 out of 4 adults aged 65 and over fall each year. Falls cause over 90% of hip fractures in the elderly. Twenty percent of those suffering from a hip fracture die within one year of the injury.
September 4, 2020
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