Many of you have had the experience of having “the talk” with a teenage child. Now, as your parent continues to decline, you may have had “the talk” all over again. However, this time you had it with Mom or Dad. "The talk" can be regarding a number of life changing topics: Moving to a different state so they can be closer to you Giving up the car keys for good Moving … [Read more...] about “The Talk” with Declining Parents – Interview with Dwain Hebda
Bridge of Life (Part 5) – The Power of a Coordinated Plan
If Momma is like 70% of the rest of America, she has never done any proper estate planning at all. If she has anything at all, it's probably just a Will. In all likelihood, she and your Dad prepared basic paperwork back when he was in the Military. (You were probably 5 years old at the time.) At best, she may have a very old Power of Attorney. This is plan is long since … [Read more...] about Bridge of Life (Part 5) – The Power of a Coordinated Plan
Bridge of Life Planning (Part 4) – Paying for Nursing Home Care with Government Benefits
Today, we are going to discuss a few ways to help a parent or declining spouse pay for long-term care expense in a nursing home by utilizing government benefits. In our last blog post, we mentioned that it was critical that Momma sit down and write out her preferences; what does she want to happen in the event that she is incapacitated before she dies? Specifically, if her … [Read more...] about Bridge of Life Planning (Part 4) – Paying for Nursing Home Care with Government Benefits
Bridge of Life Planning (Part 3) – A Few Things to Discuss with Your Financial Advisor
How to pay for the care you want When meeting with a Financial Advisor or Elder Law Attorney, it’s important to know what to ask. When attempting to implement your preferences that you crafted when doing your Bridge of Life Plan, this is especially true. The Financial part is the part of this plan that is most often overlooked. You can do a come up with the perfect design of … [Read more...] about Bridge of Life Planning (Part 3) – A Few Things to Discuss with Your Financial Advisor
Bridge of Life Planning (Part 2) – Financial Plan Review
How to help a parent get what they want during a decline What Does Momma Want? The second pillar of Bridge of Life Planning is Financial Review. Our experience shows Financial Plan Review to be all too often overlooked. If you haven't already please read and review our previous Bridge of Life Planning (part 1) blog. This article contains details of the first Pillar in BOL … [Read more...] about Bridge of Life Planning (Part 2) – Financial Plan Review