Advance directives come up frequently in conversations about health care decision-making, as people age. Their purpose is to provide written instructions for medical care, in instances where a patient is unable to communicate them herself.
When all is well, it’s difficult to convince mom, dad, a partner or other loved one to plan for the future. The alternative is much worse, because it means facing decisions during a crisis.
The case of restaurateur and lifestyle guru B. Smith, who is battling Alzheimer’s, is drawing scrutiny from her fans and strangers alike, many of whom are dismayed by her husband’s decision to date a woman he calls his "life partner" and keep a room for her in the house he shares with Smith.
The children get a loan that might have cost them thousands of dollars of fees with a traditional lender, and the parents get an income stream that gives a better return than a savings account would.
When a man claiming to be a Suffolk cop called Rosemarie O’Rourke and said her grandson was in big trouble, she'd been grieving the death of her husband two days earlier—an easy target for a scam artist.
As people live longer, the retirement population grows and health care costs climb, long-term care is a critical component of family financial planning.