Massachusetts Estate Planning & Asset Protection Blog

Tips for Visiting an Elder Loved One with Dementia at Their Nursing Home

Posted by Dennis Sullivan & Associates on Sun, Jan 26, 2020

P42.Sullivan.Dec2Research tells us that nearly every American family today has been touched by dementia, including its most common form of Alzheimer’s Disease. Dementia cuts across every social and economic demographic, and currently impacts millions of seniors and their loved ones. It is characterized by severe memory loss, diminished communication skills, and poor judgment. Each of these issues can make family relationships more complicated and challenging. We know that this can cause additional frustration at all times throughout the year, but especially during the holiday season and winter.  

No matter what memory issues your loved one is facing, there is no reason to avoid visiting an elder loved one with dementia at his or her nursing home. Know that seniors with dementia can still enjoy visits from family and friends in the moment, regardless of whether they will remember it later. The point is that spending quality time with them contributes to their well-being and offers you the opportunity to experience time with loved ones.

There are considerations, however, that you need to think about before visiting a loved one in a skilled facility. What are the hours for visiting? Are there restrictions to what you can bring? Are there triggers that can upset your loved one? Let us share several tips to consider when visiting.

First, plan ahead and coordinate with nursing home staff to not interrupt the elder person’s routine or activity time. Bring them thoughtful items, like flowers, pictures, familiar objects and even favorite foods, if the dietitian agrees. Introduce yourself to your loved one’s caregivers and announce your presence, “Hi Mom, it’s me, Mary.” If your loved one seems agitated, speak in soothing tones about the weather or other mundane topics to divert his or her attention and create rapport.

It can be helpful to pre-plan a list of things to talk about, as it is likely the elder adult won’t have much information to share. Introducing light activities can also keep the visit flowing smoothly. Consider taking them on a walk around the nursing home facility or sit on a bench in a garden, if the facility has one and it is safe for your loved one to go outside. Remember, some dementia patients are prone to wandering and they may need to remain in a safe environment.

Photo albums or Facebook pictures can stimulate conversation and spark memories. A visit is also an opportunity to gauge the elder loved one’s health and access potential warning signs of elder abuse. Unfortunately, seniors with dementia are particularly vulnerable to physical abuse, neglect, and theft because they are unlikely to remember or be believed. =

There is never a wrong time to visit loved ones in a skilled nursing facility. We know this article may raise more questions than it answers.

For more on nursing home, health care decision-making documents and planning for the future, attend one of our free Trust, Estate and Asset Protection Seminars.

Do not wait to schedule a meeting with our experienced long-term care team on any of the elder law questions you have. We are here for you to help you navigate this process.

Tags: assisted living, seniors, family, Skilled Care

Key Considerations for Your Aging Parents in Their First Estate Planning Meeting

Posted by Dennis Sullivan & Associates on Mon, Dec 16, 2019

P42.Sullivan.DecBlog1Is your parent’s estate plan current? Does it reflect their wishes for what they want for their person, their family, and their legacy, should they become incapacitated or pass away? Unfortunately, today, many estate plans for us, as well as our parents, are not frequently updated and, as a result, are not an accurate reflection of our wishes.

This can be a dangerous proposition. Perhaps even more concerning, however, is when your parents, or you, do not have any estate planning at all. Without planning your parents may be at risk of not being able to choose their decision makers for healthcare and financial decisions, or make plans that create the legacy they want to leave to those they love.

There are numerous reasons why your parents may not have completed their estate planning but we often find it is because people simply put off planning. They get busy, it is not a priority, and they do not realize they need it until it is too late. Our goal is to encourage you to work with your parents to create their estate plan with their attorney, and to address any concerns they may have about this first meeting early on.

The first question your parents may want to ask their attorney is his or her experience in estate planning for elderly clients. Many attorneys do not specialize in estate plans that are designed to meet the special legal needs of elderly couples. Let us share an example with you here.

For instance, the majority of your parents’ assets may be invested in separate Individual Retirement Accounts. If this is a second marriage for your parent, it may not be advisable for the parent to simply name the surviving spouse as the beneficiary of the IRAs. This is because the surviving spouse may not understand the need for naming all of the children of both marriages as the beneficiaries of the survivor’s IRA. Instead, the surviving parent may simply leave all of the first spouse’s IRA with the survivor’s IRA to his or her children as the beneficiary of the combined IRA’s.  Your parents need an attorney experienced in drafting specialized IRA trusts to protect all involved and to reach your parents’ goals.

The second question you parents may want to ask their attorney is about his or her specialized education and training in estate planning. How many years has the attorney specialized in estate planning? What does his or her practice focus on? What about his or her focus on elder law? While initially you may only think of estate planning, bear in mind, elder law encompasses the special needs of the elderly such as Medicaid planning for married couples.  

These are just a few of the questions and ideas we want to share with you as you work with your parents on their estate planning goals. There is never a wrong time to talk to your parents about these issues and the plan forward for the future.

At Dennis Sullivan & Associates we help family plan for the future, and with our lifetime protection program, and our Unique 19 point Trust, Estate & Asset Protection Analysis, we emphasize making sure the estate plan continues to meet the needs of all involved.

To discover what your estate planning options are, attend a free Trust, Estate and Asset Protection Seminar, and speak with one of our attorneys to discuss your goals for yourself, your loved ones, and for your parents.

Tags: Estate Planning, Lifetime Protection Program, Elder Law, seniors, family, trusts, Estate Planning Tip, estate

10 Family Caregiver Facts You Probably Did Not Know

Posted by Dennis Sullivan & Associates on Sun, Nov 24, 2019

P42.Sullivan.NovBlog2November is National Family Caregiving Awareness Month, and there is plenty to learn and celebrate. A family caregiver, sometimes called an informal caregiver, is an unpaid relative of a dependent person, such as a parent, adult child or spouse. They can also be friends, neighbors, and other compassionate care providers of dependent people, young and old. Their immense social contributions first sparked the month-long awareness campaign in 1994, and every U.S. president since has embraced them.

In honor of family caregivers around the country, let us share 10 facts you should know this November, and throughout the year.


  1. There were nearly 44 million Americans who provided unpaid care to a dependent loved one over the past 12 months.


  1. Family caregivers account for a critical social safety net for millions of vulnerable people worth an estimated $470 billion in economic value every year.


  1. Even with access to hospitals and social welfare programs, families typically bear the brunt of providing everyday care to those in need.


  1. About 75 percent of all family caregivers are female, and they spend as much as 50 percent more time providing care than male caregivers.


  1. The average age of a family caregiver is 49 years old.


  1. The average duration of a family caregiver’s role is about 4 years, although a quarter of all caregivers provide dependent care for more than 5 years.


  1. On average, family caregivers spend about 24 hours per week providing care, and nearly 1 in 4 caregivers spends at least 41 hours providing dependent care.


  1. Forty-six percent of family caregivers perform medical and nursing tasks.


  1. Ninety-six percent of caregivers help with daily living activities, such as personal hygiene, dressing and bathing, as well as so-called instrumental activities like administering medicines, grocery shopping and transportation. 


Surveys show unpaid caregivers suffer, on average, a 26 percent reduction in positive activities in their daily lives as a result of their caregiving responsibilities, and the effect is three times greater in their personal lives than in their professional lives.

Caring for a dependent loved one is an act of sacrifice and compassion. There are resources and options available for caregivers who need support. Do not wait to attend a seminar to learn more information on how we can help you at this time.

Tags: Estate Planning, non-family caregivers, family, Estate Planning Tip, caretaker, care costs

What You Need to Know About Pet Trust Planning in Massachusetts

Posted by Dennis Sullivan & Associates on Fri, Oct 11, 2019

P42.Sullivan.OctBlog2A pet owner is naturally concerned regarding what will become of his or her pets and their welfare after the owner’s death. Did you know, however, that the owner’s last will and testament can direct who will take possession of owner’s pets at his or her death? The owner’s will or revocable trust can also direct that the owner’s personal representative or trustee to distribute sufficient estate or trust funds to care for and support the pet after the owner’s death until the pets die. 

Unfortunately, without planning for monitoring through a trust agreement, there may be no guarantee that the recipient of this money will actually expend the funds for the support of a deceased person’s pets. When planning for pets, a trust may be the best vehicle. It can be established during the owner’s lifetime to provide funds for the care of a deceased owners’ animals until they subsequently die. This is commonly referred to as a “pet trust.” 

Teddy & Franklin

A pet trust authorized by statute in our state may be enforced by a person appointed in the terms of the trust or, if no person is appointed, by a person appointed by the circuit judge in times of conflict. Any person having an interest in the welfare of the animal may want to meet with an estate planning attorney to ensure that the trust is being enforced and that a person who is not performing his or her specified duties can be removed. 

Bear in mind that the property distributed to the pet trust may be applied only for the intended use specified in the terms of the trust. This money is specifically being designated for your pet and should not be given to another person, including the trustee. Determining how you want your money managed and distributed at your death is just one of the reasons why we developed our Unique Self-Guided 19-Point Trust, Estate, & Asset Protection Legal Guide. You may download our tool from our website, or attend a complimentary workshop to lean where problems may exist in your planning as well as opportunities for improvement and how to implement a plan to protect not only your pets but your spouse, home, family, and life savings.



Tags: family, pets, Estate Planning Recommendations, pet trust

Estate Planning Tips for Your Aging Parents

Posted by Dennis Sullivan & Associates on Sun, Jul 28, 2019

P42.Sullivan.JulyBlog2 (1)As a child, you are likely accustomed to your parents protecting and shielding you from difficult situations. Unfortunately as you age, however, there will come a time when your parents are no longer here and it is important to plan ahead for that time as a family unit. One important step in accomplishing this is to discuss estate planning with your aging parents. To help you begin this difficult conversation, we want to share with you a few estate planning tips for your aging parents.

The first step is to discuss the needs of your aging parents and provide them with an opportunity to discuss their goals and concerns. Talking about finances, illnesses, and even death can be emotionally taxing. Ensure your aging parents that this conversation is in everyone’s best interest and is simply to ensure that all the necessary people are on the same page. It is important to approach this topic with sensitivity and to allow your parents time to express concerns, voice their opinions, and ask questions.

Second, it is important to discuss any pre-existing estate planning documents or long-term care plans your parents may already have. We encourage you to ask your parents whether they have created a will or trust, health care documents, or a durable power of attorney. If they have not created any of these documents yet, you may wish to make a plan as a family as to how you will proceed with creating the documents and the types of planning documents you need. Further, it is crucial that you ask your parents what their own wishes are for their long-term care planning. What are their goals? How can you help your parents accomplish those goals? Addressing these questions now will likely make it easier in the event of illness or incapacity.

Above all, encourage your parents to discuss their specific goals and needs with an experienced estate planning attorney who is familiar with the laws in their state. There are many different estate planning options available, some of which may fit your parent’s needs better than others. An estate planning attorney can present appropriate planning options, answer your parent’s questions, and propose strategies to help create your aging parents’ legacy.

We know this can be a particularly challenging conversation to have with your aging parents. Being proactive in creating an estate plan, however, is one of the most effective ways at providing both you and your aging parents with peace of mind. If you or your parents are ready to discuss your parent’s estate planning needs, do not wait to contact our office to set up an appointment.

Tags: Estate Planning, family, children

5 Tips to Keep Mom and Dad Safe During the Summer Months

Posted by Dennis Sullivan & Associates on Mon, Jul 01, 2019

P42.Sullivan.JulyBlog1For millions of Americans, summertime is synonymous with outside activities: trips to the beach, visiting parks, and backyard barbecues. Did you know with rising summer temperatures, however, senior adults face elevated risks of heat-related health issues? According to the Centers for Disease Control and Prevention, there are three main reasons why:


  1. Older adults do not adjust as well as young people to sudden changes in temperature.
  2. Seniors are more likely to have chronic medical conditions that change normal body responses to heat.
  3. Aging adults are more likely to take prescription medicines that affect the body’s ability to control its temperature or sweat.


With this in mind, let us proactively share five tips for helping aging parents beat the heat this summer.


  1. Keep Them Cool. Staying cool doesn’t just mean staying inside in air conditioned spaces. It also means planning wisely. Rather than risk sun exposure during the hottest parts of the day, schedule appointments and outside excursions for early mornings or late evenings.


  1. Hydration, Hydration, Hydration. Consuming ample fluids is one of the best things seniors can do during the summer. Hotter temperatures cause sweating, and Older Americans may already have a reduced capacity to conserve water. Make sure senior loved ones are drinking water even if they don’t feel thirsty and help them plan to pack a water bottle when they leave the house during the summer months.


  1. Dress for Success. Loose-fitting, light-colored clothes can help keep intense sunlight from damaging skin and keep the body cool. Hats that shade head and neck areas are also important, as is proper footwear. Sandals and flip-flops may be enticing, but use caution as they can also present tripping hazards.


  1. Plan Inside Activities. There are plenty of rewarding indoor activities that won’t leave senior parents feeling like they’re missing out on summer fun. Museums, movies, libraries, theaters, and musical performances, are just a few exciting, and air conditioned, adventures.


  1. Check on Them Regularly. It’s always a good idea to check-in on aging parents, but all the more so during hot summer months. Make sure their living spaces are cool, and monitor their exposure to sunlight and heat. When possible, schedule a standing time to check-in during the week.


We know this article may raise more questions than it answers. There is never a wrong time to get the help your aging parents or you may need. We encourage you to reach out to us and schedule an appointment to ask your elder care questions. Whether it is this summer or throughout the year, we are here to help.

For more information on how to help your family attend one of our free Trust, Estate and Asset Protection Workshops


Tags: in-home care, Estate Planning, family, Summer

How to Approach an Elder Loved One When Family Caregiving Is No Longer Enough

Posted by Dennis Sullivan & Associates on Fri, Apr 19, 2019


Today, the vast majority of elder care services provided to tens of millions of American seniors are performed by close family members. It is hard work that often involves a myriad of sacrifices. Although we do not say it enough, family caregivers are truly unsung heroes.  

Sadly, there usually comes a time when even the most dedicated family caregivers are no longer able to provide the best level of care for their aging loved ones. Whether due to illnesses, like Alzheimer’s Disease, a debilitating injury, or as a result of aging, the demands of senior care may eventually surpass a family’s capacity to give.

This may be when it is time for outside assistance. Unfortunately, the transition can be difficult, especially for the older adult and the current caregiver. It is important for the entire family, however, to see the forest from the trees and maintain perspective. What is best for the elder adult should override all other considerations. Let us share several tips with you about how to break the news that a different form of caregiving is necessary.

Be Understanding.

The uncertainty of change can cause confusion and friction regardless of age. It is important to understand this about seniors, and empathize with them. If they are resistant, realize that there are likely complex emotions at play, such as fear, anger and  abandonment. It is also reasonable considering they are vulnerable and transitioning away from family and into the care of strangers.

Explain Why It Is Necessary.

Explain the benefits of outside care, and that accepting it will not just be good for them, but for the whole family. Explain that you both will need to compromise on some things. Do not make quick decisions and ask for their input on caregiving solutions.

 Do Not Take it Personally.

 It is easier said than done, but when an elder person lashes out, try not to react. Showing patience, focusing on the big picture, and picking your battles can help both of you feel in control and manage the stress for all involved as you guide them forward.

 Decide Together.

 No ultimatums are needed. Set up care options to address an aging parent’s needs, and allow them to test the waters in this new experience. Create options for caregiving when you can and ask them for feedback. Explore the benefits and drawbacks together.

 Finally, do not wait to contact an experienced elder care attorney for assistance. Attorneys in firms like ours are specially trained to be able to help families navigate these waters. Do not wait to ask us your questions and let us serve as a valuable resource for you in virtually all aspects of transitioning beyond family care.

Tags: in-home care, elder care journey, elder care, family, caregiver, care costs

5 Questions to Ask When Updating Your Estate Plan in the New Year 2019

Posted by Dennis Sullivan & Associates on Mon, Jan 07, 2019

P42.Sullivan.Blog.Dec1Creating a personalized estate plan may be the single most important thing you can do to make sure your decisions are honored if you become incapacitated or when you pass away. If you do not have an estate plan right now, or it has been years since you reviewed it, the new year may be the right time to ensure you are able to protect yourself and those you love most.

Much of estate planning deals with protecting and distributing property. A Last Will and Testament, for example, provides instructions for how a deceased person’s possessions should be distributed. Similarly, a Revocable Trust can direct the distribution of assets upon one’s death, although it can also manage the creator’s assets while he or she is alive.

There is much more to estate planning than Wills and Trusts, however, and your estate planning attorney can provide plenty of guidance. Let us share five questions to ask not only when you are considering crafting an estate plan but if you are updating an existing plan in the new year.


  1. Did you move to a different state? Every state has its own laws governing estate planning. Some features in an existing plan will be unaffected, while some key items may need to be revised. Do not wait to review with an estate planning attorney in your new state to ensure your plans can be fulfilled as you originally wanted them to be.


  1. Do any of your beneficiaries have special needs? If a special needs loved one is named in your estate plan, then it is worth exploring ways of specifically providing for them, especially after you are gone. Unfortunately, without planning that contemplates the needs of your disabled loved one, he or she may be at risk of losing valuable government benefits.


  1. Do you need to update a power of attorney? A power of attorney document gives someone else the legal authority to make decisions on your behalf. The document can be tailored to meet your specific needs, or provide for general decision making authority. Talk to your attorney to ensure there is a durability provision to cover the possibility of your incapacitation.


  1. Have you considered advanced healthcare directives? Advanced healthcare directives, including tools such as the living will, are legal documents in which a person specifies what actions are to be taken regarding his or her health if he or she is no longer able to make decisions. You may want to review any existing plans to ensure you have the right person named to make your healthcare decisions.


  1. Do you want to change beneficiaries? A marriage, a death in the family, a divorce, or the birth of new child or grandchild, are only a few reasons to update beneficiary designations in estate planning documents. You may also want to add a charity or a cause you care about. The new year is a great time to do so.

 Do not wait to think about the estate planning you need to protect yourself and your loved ones. Although the new year can be a great time to get things in order, remember, there is never a “wrong” time to ensure you have the planning you need. Do not wait to contact us with your questions and to schedule your attendance at one of our free Trust, Estate and Asset Protection Workshops.

Tags: asset protection, long term care, Retirement, Estate Planning, Baby Boomers, Elder Law, HIPAA, durable power of attorney, Health Care, health care proxy, seniors, estate tax, family, New Year's Resolutions, Estate Planning Tip, 2019

The Pit Falls of Do-It-Yourself Medicaid Planning

Posted by Dennis Sullivan & Associates on Fri, Nov 07, 2014

The Pit Falls of Do-It-Yourself Medicaid Planning | Massachusetts Elderlaw Attorney



Off To A Good Start

We got a call the other day from Ben.  He had prepared and filed his mother’s Medicaid application himself.  From what he told us, it sounded like he did a great job.

He had hit a bit of a snag because Ben and his brother had been helping Mom out with her expenses.  At first, the Medicaid caseworker treated the transfers into Mom’s account as additional income to her.  However, Ben was successfully able to prove that the money was given to Mom to help pay some of her medical expenses.  It wasn’t support and shouldn’t affect her Medicaid eligibility.  He was successful and Medicaid was approved.

So Why Was He Calling?

Ben was calling us because his mother had inherited $75,000 from a family member. The first thing he wanted to know was whether there was any way they could keep the money.  His thinking was that the inheritance would act as a reimbursement by Mom to Ben and his brother.

I told him that unfortunately I didn’t think it would work that way.  The lesson here is that if Ben had consulted with us before he applied for Medicaid we would have taken steps to make sure that he could recoup some of the funds in the event that something like this happened. The reason his plan wouldn’t work is because he didn’t document that the money he gave to his mom was a loan.  He said that he never could have foreseen that his mother could ever pay back the money and that at the time; he didn’t see the need to write up a contract. Unfortunately, from a Medicaid perspective, the Commonwealth of Massachusetts presumes that the money given to Mom is either income to support her, or a gift.

This Is Why You Should Consult A Professional

Remember, I told you that when Ben applied for Medicaid, the caseworker tried to peg it as income.  Ben successfully fought that.  However, he didn’t see the gift vs. loan issue coming.    Not knowing the Medicaid rules as I do, how could he have?  Without a written agreement at the time he gave Mom the money, the presumption is that there was never an intention for Mom to pay her sons back, making any attempt now to do so a transfer subject to a Medicaid penalty.

Ben didn’t like my answer and tried to find a way around the system.  “What about if Mom refuses to accept the inheritance,” he asked.  “It would then pass to my brother and me.”

Disclaimers May Not Apply

Ben is referring to what is known as a disclaimer.    A disclaimer is a legal statement filed by the heir who says, “I am supposed to receive this gift but I don’t want it”.  Mom would be treated as having predeceased (died) before the relative leaving her the $75,000.  Under his will, that money would have passed to Ben and his brother.

Sounds great so far doesn’t it, but it won’t work.  By refusing to accept the money, Medicaid treats it as if Mom took the inheritance and gave it away.  It is no different than if she accepts it and then turns around and gives it to her children.  It causes a Medicaid penalty either way.

So where does that leave Ben?  He and Mom have two very unappealing choices.  She can accept the money, come off of Medicaid and spend the money down and then reapply.  Or, she can stay on Medicaid and give all the money to the State of Massachusetts.   Tough choices, I know.  But, that’s what makes Medicaid so tricky when you are trying to navigate it alone, and why we always recommend professional guidance on your Medicaid journey.


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At the Estate Planning & Asset Protection Law Center, we provide a unique education and counseling process which includes our unique 19 Point Trust, Estate and Asset Protection Review to help people and their families learn how to protect their home, spouse, life-savings, and legacy for their loved ones, click here for more information. We provide clients with a unique approach so they understand where opportunities exist to eliminate problems now as they implement plans for a protected future.

We encourage you to attend one of our free educational workshops, call 800-964-4295 and register to learn more about what you can do to enhance the security of your spouse, home, life savings and legacy.


Click Here to Register For Our Trust, Estate & Asset  Protection Workshop

Tags: Medicaid, family, Medicaid penalties, medicaid qualification, Inheritance

For Seniors Who Are Betting on Getting to 80

Posted by Massachusetts Estate Planning & Elder Law Attorney, Dennis B. Sullivan, Esq., CPA, LLM on Thu, Aug 28, 2014

Betting on Getting to 80 | Massachusetts Elder Care Attorney


outliving, eldercare, savings, estate, nursing home 

For Those Who Are Concerned About Outliving Their Money

According to research for our book The Seniors and Boomers Guide to Health Care Reform and Avoiding Nursing Home Poverty, outliving one’s life savings is a top concern for many people. One possible solution to this is what the US Treasury is pushing many baby boomers to do: start writing checks to their insurance companies for products that won’t be a financial benefit for them until they’re 80. The Treasuries new rules on annuities known as longevity insurance could allow millions of Americans fresh options for their retirement accounts and 401(k) plans. This is according to Bloomberg Personal Finance.

The challenge: convincing savers to choose that option. The annuities thrill retirement experts and policy makers who see them as a way to ensure workers don’t end up impoverished in old age. Just about everyone else ignores the products, which make up less than 1 percent of all annuity sales.

It can be a great investment too. With $125,000, a 60-year-old man can buy a policy from New York Life that guarantees an income of almost $45,000 a year starting at age 80. The same $125,000 in a regular retirement account would need to grow at the unlikely rate of 11 percent a year from age 60 to 80 to provide that income, assuming 4 percent is withdrawn annually after age 80.

Planning for the Future

Since women live longer than men, their longevity policies are more expensive, and more valuable. Millions of widows in their 80s and 90s end up living on Social Security alone. A 60-year-old woman who puts $125,000 into one of these annuities could get an annual payout of $35,268. For women with a husband and no children, a longevity benefit is a comforting buffer against long-term care costs.

Dollars in longevity policies go farther for those who buy earlier than 60 or start the benefit later than 80. If the insurance becomes common in retirement plans, the cost of policies should fall. To maximize her payout, Carson decided against buying inflation protection and a provision that refunds all the money she put in if she dies early.

Indeed, the oft-repeated big risk with longevity insurance is that buyers could die before they collect. But that chance is what allows the policies to be so lucrative for the long-lived. Those who die early help pay for those who live into their 90s and later. And even if you die at 75, the guarantee of income at 80 means you can tap the rest of your nest egg earlier without worrying so much about running out of money.

How It Works

For longevity insurance to catch on, it needs to gain a foothold in retirement plans. The Treasury rules let workers devote as much as 25 percent of their 401(k) to the products, up to $125,000. That doesn't mean employers will offer the option or that workers will choose it though.

Employers face legal liability for their retirement plan options, making them cautious about relatively unproven products. Insurance companies may need to come up with new kinds of longevity annuities that are more transparent and are geared more towards women since they tend to live longer.

Adding to the resistance is a widespread assumption that Americans don't want to lock up their cash in insurance products. They'd rather get big eventual lump sum payouts, even if they have no idea how to turn that into an income that will support them in their old age.

What the Experts Think

If longevity insurance takes off, it will be a real victory for the experts who have been striving to change that mindset. This may also provide a solution for many boomers and seniors for whom outliving their life savings is a major concern. For more information about these and other concerns see the report from the Seniors and Boomers’ Guide to Health Care Reform and Avoiding Nursing home Poverty.

Seniors, boomers, guide, poverty, nursing home,

Everyone would love 401(k) plans to look more like traditional pensions or Social Security, so savers can put less focus on the balance in their account rather than on the income it will eventually produce. That's an outlook your 100-year-old self may well appreciate.

At the Estate Planning & Asset Protection Law Center, we provide a unique education and counseling process which uses a unique 19 Point Trust, Estate and Asset Protection Review to help people and their families learn how to protect their home, spouse, life-savings, and legacy for their loved ones, click here for more information. We provide clients with a unique approach so they understand where opportunities exist to eliminate problems now as they implement plans for a protected future.

We encourage you to attend one of our free educational workshops, call 800-964-4295 and register to learn more about what you can do to enhance the security of your spouse, home, life savings and legacy.

 Click Here to Register For Our Trust, Estate & Asset  Protection Workshop

Tags: Baby Boomers, Elder Law, Elder Law, assisted living, elder care journey, elder care, family, family, surviving spouse, annuity, insurance, senior, assets, care

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