Anyone with a child with special needs understands the need to prepare for the future. A trust is always a good place to start, and figuring out a savings goal for that trust is a key part to your planning.
The government realized it can be far less expensive to provide services that allow a person to continue living at home, rather than pay for residence in a nursing home.
If you have a medical issue that will certainly lead to death and significant costs, is it wise to legally divorce ahead of your death, so that the person dying owns very little beyond their health care coverage to protect assets from the likes of the medical insurance community?
Let’s take one couple, Tom and Louise, who have been married to each other for over 50 years and live in the same home they bought when they first got married.
About 40 million people are helping to care for older relatives and friends. Some leave their jobs to do so, and some end up as live-in caregivers. All give up much of their personal freedom. Should they be paid for their work?