Most people look at the question of leaving an inheritance to a dog as something that is kind of out there. An eccentric rich person like Leona Helmsley may leave millions to their dog, but it’s just not sensible for others, right? That makes sense on the surface, but you may look at the question much differently under certain circumstances. Combating Loneliness A significant percentage of older Americans experience loneliness after losing their spouses along with many friends and … [Read more...] about How Can You Leave an Inheritance to a Dog?
When you think about estate planning for pets as a young person, it may sound strange. But for senior citizens, this can become very relevant. A Cure for Loneliness Many elders experience loneliness after losing loved ones, and this can cause distress and lead to depression. Pet ownership can provide an ideal solution with sweeping benefits. Basic companionship is a large part of the equation, but there are other considerations. If the pets are dogs, they will need exercise, so the dog … [Read more...] about An Overview of Estate Planning for Pets
Do you have a dog, cat, or other pet you consider part of the family? If the answer is “yes,” you probably spend a considerable amount of time and money on your pet. You may even include your pet in major decisions that impact the family. But is your pet protected if something happens to you? Pet Ownership Facts and Figures In the United States we have a unique relationship with animals. We domesticate them to an extent not equaled elsewhere in the world. We have twice as many dogs … [Read more...] about Is Your Pet Protected?
Oklahoma city elder law lawyers assist you in protecting your loved ones. When you plan to protect those you care about, don’t limit your planning to your human family members — your pets also should be part of your estate plan. Tragically, some 7.6 million companion animals are surrendered by owners to shelters every year and some 2.7 million of these surrendered animals are euthanized, according to the ASPCA. Many pets that end up homeless and in shelters once had loving owners, but their … [Read more...] about How To Make A Plan To Protect Your Pets
Parman & Easterday's estate planning attorneys can help you protect the people and animals you love and with whom you share your life. We understand your pets are beloved family members. We will work with you to help ensure your pets are cared for if something happens to you. Each year, vulnerable pets end up in shelters because their owners become incapacitated or pass away without a plan for their in place. The ASPCA indicates … [Read more...] about How To Protect Your Pet As Part Of Your Estate Plan
There is no issue of interest to the elder law community that is more attention-getting than that of long-term care costs. According to the United States Department of Health and Human Services seven out of ten Americans will eventually require some type of long-term care. So you will probably need care, and Medicare won't pay for it. All that's left is to get out your checkbook, right? That may be an option, but in 2016 the average annual expense for a private room in a nursing home was … [Read more...] about Latter Life Expenses Loom Large
As we get older, thinking about retirement and aging can raise many questions, both for the person getting older and their adult children. Most start with, “how am I going to pay for…” How are you going to pay for all the care you may need and what are all your care options? It’s important to think about care management, not just for financial reasons but to ensure you get the best care possible for yourself or a grandparent, mother or father who may need it. It’s never too early to get … [Read more...] about Care Management for the Elderly
Sometimes numbers don't add up, and this can be disturbing when you're talking about the well-being of senior citizens. The population is aging rapidly. Members of the baby boomer generation are now reaching retirement age. It is estimated that by 2030 there will be 72.1 million people in the United States that are over the age of 65. This is almost double the number of senior citizens that we have currently. … [Read more...] about Robot Caregivers On the Horizon
This year about 9 million individuals over the age of 65 will require long-term care of some kind (such as in-home, assisted living, or nursing home care), and estimates show that 12 million Americans will require it by 2020. Discover the 5 reasons paying for long-term care expenses is a very real concern and why you should start planning ahead now. Watch this short video (4:50) as Parman & Easterday attorneys Blaine Peterson and Jerry Shiles explain how to prepare for the possibility of … [Read more...] about Will Long Term Care Wipe Out Your Children’s Savings?
When you get serious about planning ahead for the eventualities of aging you may run into some rude awakenings. One of these would be the situation that you may face if you need long-term care someday. First of all, we would like to establish the fact that this is something that everyone should take seriously. You may think that a small percentage of people will need help with their day-to-day needs eventually. Actually, 70% of people who reach the age of 65 will someday need long-term care. … [Read more...] about Is It Possible to Give Away Assets and Qualify for Oklahoma Medicaid Benefits?