The Growing Challenge of Aging at Home: Financial and Emotional Strain on Families
Many Americans hope to grow old in the comfort of their own homes. However, this aspiration is increasingly challenging as in-home care's financial and emotional costs continue to climb. Across the U.S., families are spending as much as $240,000 annually for round-the-clock care for loved ones with conditions like Alzheimer’s or dementia. For others, the financial burden has pushed them to exhaust savings or tap into home-equity loans just to afford basic home healthcare services. Sometimes, family members leave jobs, close businesses, or delay retirement to care for aging parents or spouses. The costs of in-home care are escalating at ... Read More
Advance Dementia Directives – A Crucial Element in Estate Planning
In the realm of estate planning, it's essential to consider not only the distribution of assets but also the potential challenges that may arise in the later stages of life. One such challenge is dementia, a progressive condition that can significantly impact an individual's ability to make decisions. At Botti & Morison, we understand the importance of addressing these concerns proactively. We provide our clients with a cutting-edge, state-of-the-art Advance Dementia Directive in addition to an Advance Health Care Directive. They are two critical but separate and distinct custom-drafted legal documents. Our Advance Dementia Directive is a powerful tool that ... Read More
Assemble the Right Group of Professionals to Prepare a Comprehensive Estate Plan
As complex as estate planning can be, it is vital to gather the right professionals to give you the best advice when preparing your estate plan. Aside from an estate planning attorney, who often specializes in elder law, you may need the services of a certified public accountant (CPA) and possibly even an insurance specialist if you have a large estate or own a business. Some estates may be large enough even to require valuation experts and trust services. Your elder law estate planning attorney understands the array of qualified information needed to create a sound estate plan. Procrastination – ... Read More
The 4 Signs: How to Detect Elder Financial Exploitation
Scammers have zero remorse for elder financial exploitation. They take advantage of people’s good intentions who believe they are donating to help those in need. Auto call lists easily identify older victims and the ubiquitous online world of emails, fake mirror websites, disingenuous GoFundMe pages, and postal mail scams are everywhere. Not everyone is aware of how to detect financial elder exploitation. These scams may seem obvious to many people, but it affects millions of people every year. Fraud perpetrators know how to target people who are less likely to pick up on the signs of a scam. We often ... Read More
