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
Estate Planning
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 1)
Bridge of Life planning is all about helping a declining parent get what they want during a period of decline of physical or cognitive health. If they (and you) are fortunate, Mom and Dad have already planned and have set forth what they want. In a perfect world, their plan includes where they want to be should they suffer a health crisis. Hopefully, they have also figured out … [Read more...] about Bridge of Life Planning (part 1)
Create a Care Journey Plan
This Planning Stuff is Really Important Creating a Care Journey Plan (CJP) is “the thing” that makes a Bridge of Life Plan work. For those of you who may have missed our previous discussions on Bridge of Life Planning, let me digress. In simple terms, a Bridge of Life Plan is an estate plan comprised of necessary Legal Planning Documents. The aforementioned documents are … [Read more...] about Create a Care Journey Plan