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Kentucky Elder Care Blog
Helping your children avoid inheritance fights
Fights over inheritance may do more than take time and money away from your children. They may also do irreparable harm to the relationships that exist between them at a time when they may need each other the most. Luckily, AARP reports that there are several...
When should you transfer power of attorney?
Because of the control that power of attorney can give your agent—the ability to make financial, medical, and legal decisions on your behalf—it is important to choose someone you can trust. However, if it has been some time since you made your estate plan, it might be...
How do I know when my parents need more help?
At some point, it is likely that you will have to step in and provide care for your parents, but deciding when that time has come is not always easy. There is no specific age at which every person begins to need more help because each person is different. U.S. News...
What is a living will?
As you write out a list of your wishes for after death, you may wonder what a living will is. By learning more about this document, you can fully appreciate the benefits of having one for your future. What it is A living will dictates what steps or measures medical...
Why do I need power of attorney if I’m married?
A huge part of estate planning is preparing for the unexpected. This includes what will happen to you and who will make decisions if you are unable to make them for yourself. That’s where your power of attorney steps in. What is power of attorney? Power of attorney is...
The pros and cons of an irrevocable trust
A trust is a legal place where you put assets. You, the person who owns the assets and puts them into the trust is called a grantor or trustor. Then, you appoint a trustee who will look after the assets and distribute them as necessary. Finally, you choose one or more...
Nursing homes: the cost and what you’re paying for
As you and your family consider a nursing home, surely one of your largest concerns is the cost. Looking at the price of a nursing home can feel overwhelming. As you consider what you are going to be paying for and what will be most beneficial for your situation. The...
How are assisted living facilities different from nursing homes?
As our loved ones get older, we all must face the reality that life and their needs change. It can be difficult for our aging family members to care for themselves or live safely on their own. While there is no shame in needing a little extra help, it can be difficult...
Should I have a revocable or irrevocable trust?
So you’ve heard that you should start thinking about trusts. The first major question that you and your attorney will need to answer is: what kind? A trust is a place where you can place assets for legal protection. In it, a trustee holds the assets and until they are...
What is the difference between having guardianship and Power of Attorney?
As we age, many of us will begin to lose our memories, judgment and decision-making abilities. It can be one of the most heartbreaking parts of aging, both for the affected senior and his family. However, with careful planning, it is possible to ensure that you will...
