The acronym HIPAA stands for the Health Insurance Portability and Accountability Act of 1996. In this post, we will explain why this piece of legislation is something to take into consideration when you are planning your estate. Advance Directives for Health Care Everyone is well aware of the fact that you have to facilitate postmortem asset transfers when you put your estate plan in place. A lot of people think this is the long and short of it, but a proper estate plan will also address … [Read more...] about What Is a HIPAA Release?
incapacity planning
Include HIPAA Release With Advance Directives
Incapacity planning is an important component to any comprehensive long-term plan. The fact is that people generally suffer some type of decline before passing away, and others become incapacitated due to accidents or unexpected catastrophic illnesses. Given the fact that it is very possible that you will indeed become incapacitated at some point in time it is rather reckless to go through life without making any preparations for this contingency. It should be noted that people are routinely … [Read more...] about Include HIPAA Release With Advance Directives
Alzheimer’s: Physical Diagnosis May Be Possible
Due the incredible medical advances that have taken place over the last few decades life spans are steadily going up. This is great news of course, but there are some challenges that can present themselves when you reach an advanced age. One of these is Alzheimer's disease, and it strikes about four out of every ten people who are at least 85 years of age. This is a disease that is doing a great deal of harm as the 6th most common killer that we have, but there is no treatment, cure, or even … [Read more...] about Alzheimer’s: Physical Diagnosis May Be Possible
Incapacity Planning & Holm Case
The legendary actress Celeste Holm passed away recently, and she will certainly be missed. Holm had an enormous impact on the industry over a very long period of time, winning an Oscar in the 1940s and appearing on a multitude of television shows decades later. Celeste Holm was 95 years of age when she passed away in her Manhattan apartment with her husband Frank Basile by her side. She married Basile back in 2004, and it should be noted that the man who is now her widower was 44 years younger … [Read more...] about Incapacity Planning & Holm Case
Ubiquity Of Alzheimer’s Makes Incapacity Planning A Must
If you are a serious minded and mature individual you should take action to put a comprehensive long-term plan in place. Estate planning is of course one component and taking care of your loved ones financially is certainly going to be a priority. However, there are other things to consider as well and one of them is the possibility of incapacity. People are living longer than ever before, with the average lifespan being around 78 years in the United States at the present time. Of course this … [Read more...] about Ubiquity Of Alzheimer’s Makes Incapacity Planning A Must
Addressing The Eventualities Of Aging
People sometimes get overly embedded in the present without seeing a long-term picture. Yes, you want to live each day to the fullest but at that same time it is a good idea to have a plan in place that leads to a comfortable and secure future. If you go through life with blinders on you may suddenly wake up one morning and recognize that you have gone far too long without making any advance plans. Many people who are effective in general simply aren't very good planners. There's nothing wrong … [Read more...] about Addressing The Eventualities Of Aging
Powers Of Attorney: A Brief Overview
When you start to explore the field of elder law and estate planning you will invariably come across many different legal terms, and you may not be entirely familiar with all of them. For this reason we like to examine some of the legal instruments that are commonly used by elder law attorneys to provide our readers with a little bit of background information. To this end we would like to take a look at powers of attorney, which serve an important purpose in the field of elder law. A power of … [Read more...] about Powers Of Attorney: A Brief Overview
HECM Can Be Response To Long-Term Care Costs
A lot of people think that retirement planning involves looking forward to a time of travel and leisure, and indeed this is part of the equation. But there is also a time that many people experience after their active retirement years that you must take into consideration if you want to be properly prepared for all the eventualities of aging. Many individuals are not cognizant of just how likely it is that they will someday need long-term care during their twilight years. At any given time 25% … [Read more...] about HECM Can Be Response To Long-Term Care Costs
Elder Law Issues & Estate Planning
A lot of people don't really think that much about the future because they are very much engaged in the ups and downs of the present. Years can turn into decades and before you know it you can see your retirement age beckoning over the horizon, and many people find that they are totally unprepared. So when you think about the topic of estate planning you should recognize the fact that yes, you need to plan for the distribution of your assets after your death. But you also need to prepare for the … [Read more...] about Elder Law Issues & Estate Planning
Intelligent Planing Includes Incapacity Component
There are certain realities that come along with aging, and if you want to make sure that you are prepared for any and all circumstances that may come your way you need to plan comprehensively. Of course making sure that your assets get to your loved ones in an efficient manner after you pass away is a big part of what estate planning is all about, but you must consider the period of time that will precede your death as well. People are living longer than ever, with the oldest old being the … [Read more...] about Intelligent Planing Includes Incapacity Component
