A nursing home is a facility that offers a step up in care from an assisted living facility. Both are on the continuum of long-term care. However, in a nursing home, elderly or disabled residents are provided with accommodations and personal care services, as well...
In our last blog post, we discussed several important factors to consider in regard to Long-Term Care Insurance (LTCI). It’s one viable choice for being ready, in the event that you or your spouse should ever need long-term care in the form of custodial care...
When we’re young, we don’t give much thought to growing older. But by the time we reach our 50s, we’re probably coming to terms with one reality of life: eventually, we grow old. However, there are keys to aging successfully! As an estate planning firm...
As the baby boom generation enters retirement, elder care planning has become an important topic in the estate planning community. One of the biggest concerns is elder law. Simply put, elder law addresses the legal needs of an aging population. It is a specialty field...
In Arizona, probate can become active for any estate valued at $75,000.00 or greater, and it can cause your estate to be held up in court for months, or even longer. Probate also involves attorney fees and additional court costs, all of which can easily...
Chances are, you will need assistance paying for medical care as you get older. Maybe you develop a condition where you can no longer work, leaving you without insurance. Or perhaps you require care in a nursing home. Medical care is expensive, and if you...
Our last Phelps LaClair blog post was about aging successfully and how our attitude can make a huge difference in the process of aging. But it’s possible that even with a great attitude and good self-care, a time will come when we simply cannot manage...
Family is our most intimate social connection. And in past generations, it was assumed that younger generations would take care of the older generations. But in today’s society, two-income families and a plethora of community and social activities have changed the landscape of life as...
Elder Care. It’s a hot topic for many, especially when it comes to estate planning. None of us wants to think about the possibility of ending up in a long-term care facility like a nursing home. But it’s a reality we’ve got to think about...
Since more than half of Americans turning 65 today will eventually require some sort of long-term care, part of establishing a secure financial future involves knowing how to protect your assets and your estate from exorbitant nursing care costs. Phelps LaClair is an Arizona law...