Category Archives: Elder Law

Five Common Crimes that Target the Elderly

As people reach their senior years, some of them do not like to spend the rest of their life in the home for the aged and so they usually live alone. This is since their children have their own families or have relocated to a place, which is closer to their work. One of the greatest fears that old people face is crime, especially during this time when they are most vulnerable. Most of them live in older neighborhoods where crime is a common occurrence.

Why the Elderly Are More Prone to CrimesFive Common Crimes that Target the Elderly

Seniors can easily become prey to criminals because of their reduced physical strength or handicaps. Ordinarily, they feel insecure since they are living all by themselves, more so, with the thought of becoming victimized by criminals. The old and rich are not free from this fear since most of them live in their big house alone. This, also, makes them an easy target.

Elderly abuse

According to authorities, though a large number of incidences of elderly abuse are not reported, the number of cases can actually reach more than two million each year. These involve the ill-treatment of elderly people either physically or psychologically, in both institutions and homes. Since the population of older people increases, these incidences of abuse will most likely continue to rise, as well.

Fraud

Since older people live alone, they tend to be lonely and long for someone to talk to. This makes them an easy target of con artists and swindlers. Since their funds are limited, they can be victimized by those offering easy money. If they have a health condition, they are quick to believe those who offer a miracle cure. Seniors who are vain can be easily lured into buying anti-aging products.

Pocket picking/purse snatching

Personal larceny is a property crime, in which the elderly are victimized at almost the same rate as younger age groups.

Home burglary

The elderly are more prone to home burglary since they are defenseless and live alone. Experts with Aurora home security suggest installing a home security system such as those with Vivint in Waco TX.

Identity Theft

Since most of the elderly have dementia, it makes it easy for identity thieves to steal valuable information from them such as credit card and bank account details. They can even go through a senior’s trash to get financial data that may have been accidentally thrown into it.

Seniors And Insurance

Courtesy of Shutterstock

Today there is an insurance policy for almost everything. The problem is you don’t need almost everything. You just need a small part of the insurance policies out there today. After spending a life working and earning seniors deserve the security that some insurance policies offer. But there are others that they absolutely must avoid.

Insurances To Own

Health Insurance

Health Insurance is a very basic type of insurance that should be part and parcel of every senior’s kitty. Because an accident of illness may leave one disabled without the money to pay for treatment, health insurance is an essential type of insurance that every senior must have. No senior wants to be in debt due to ill health.

Health insurance is provided to full-time and sometimes even to part-time employees by several employers. If you lack health insurance today, get it. Sometimes both spouses can be covered under one health insurance plan by the employer.

Even if you do not have health insurance through an employer it is still extremely essential. Health is a basic requirement of life. Sometimes a simple hospital bill can run into thousands of dollars. It isn’t worth it to skimp on premiums.

Life Insurance

Courtesy of Shutterstock.

If you are married and have dependents those who depend on you, then this policy is essential. If you pass away and leave an income gap those who depended on you for their finances like a wife and children might be sorely hit.  The fact of death is hard, financial woes make it harder. Ideally you should leave a comfortable amount of money that will regularly be given to them through insurance.

Auto Insurance

Auto insurance is a basic type of insurance. It is a law in many states to have such insurance. Still you often find people driving around without this insurance. Automobiles cost a lot of money and if they are damaged you need the funds to be able to replace or repair them. This insurance also covers you from bodily damage in an accident. It pays for medical expenses and legal defense costs.

Property Insurance

This is another important type of insurance to have to cover money borrowed from the bank. Since the home is the most important asset it is essential to make it secure by insuring it. The mortgage payment contains the insurance premium in many cases. For those who rent, a renter’s insurance policy is essential. This benefits you if a disaster, fire or burglary takes place.

Insurances To Avoid

There are some insurances that must be avoided at all costs. Although marketing may make them seem beneficial, they are quite useless. Let us take a look at some of these.

Cancer Insurance

Normally your primary health insurance will cover cancer. This is one of the reasons to avoid this popular insurance. Even more glaring gaps in this insurance exist. For one it does not cover skin cancer. This is the most often reported type of cancer. In addition it does not cover outpatient expenses. Buy this insurance only if you have high chances of getting cancer and if it is uncovered in your primary health insurance plan.

Flight And Travel Insurance

This insurance coverage often is already present in your other health insurance plans. Check to see how your current health and life insurance plans cover travel. Often when you use credit cards to buy tickets you automatically get covered for this insurance. Check that you aren’t buying more than you need.

Mortgage Life Insurance

In the event you die or become disabled, this policy will pay your premiums. But is that a good idea? Think again. This is coverage that overlaps with your current life insurance. The event is already covered and this policy offers narrow coverage.

Insurance is a highly technical subject and so you should be sure of what you are buying. Buried under volumes of fine print is reality. When you go out there to buy insurance as a senior remember to research and seek good advice.

 

Guest post by contributing author Linda Michelle. To calculate insurance rates click here.

How you can obtain low-cost senior life insurance coverage

Life insurance needs for seniors take on different priorities. In earlier years when raising a family you had to provide for your partner, your children and their education. Now, with your children grown and on their own, you tend to settle down and protect your partner, property and other assets. To begin with ask yourself a few questions. How much money do I need for my monthly living expenses if something should happen to me? How do I make sure my mortgage is paid off? How do I provide enough money for my partner to live on? Do I want to build up a nest egg for my survivors?

Once you have the amount of coverage you need, the next step is to start getting quotes on your policy. Here are a few tips to help you better.


There are several ways to find the best contacts. You can start by consulting your financial advisor for the names of reputable brokers or companies. Talk to your friends to find out what kind of coverage and premiums they have. Another quick way to get the information you want is to go online and do search on several companies. Stay away from companies that want you to sign up before explaining exactly what they are offering and what your benefits are.

It is always advisable to do a little research before you plan to purchase the insurance. If possible, shop around your locality or the area nearby to get great deals. Take a wise decision before you finalise the plan. It is a very important step which many ignore.

Remember, your insurance should cover your health problems or issues. If it doesn’t, it is no use buying that policy. Ensure that you get good coverage or else you might end up spending a lot. Comparison of insurance is very essential. You will get an idea about the various deals available in the market. You can pick the one, which is tailored to your needs. When you compare insurance, you save money as you get to know the deals and the price. This is a smart way of obtaining a low-cost insurance.

There are different types of policies. Most policies fall into two broad categories, Term Life Insurance and Whole Life Insurance. Term Life has no cash surrender value and may not be renewable because of your age or medical condition. Expect premiums to jump substantially as you try to renew it. Whole Life is an asset with a cash surrender value. You may need to draw upon this provision if some unexpected event occurs. In dollar terms, Term Life is cheaper.

What to Expect. You will need to provide your medical history. Some of the items can include age, cholesterol levels, blood pressure, family history, height, weight, and any chronic conditions such as diabetes or heart disease. The company will then assign a rating and quote a premium based upon the category you fall into.

There is another type of senior coverage that is for funeral and burial expenses. This policy does not require the extensive medical information that you need for a regular policy. It is designed for persons over age 50. Coverage is guaranteed regardless of health and no medical exam is required. Your policy cannot be cancelled.

Weigh all of your options carefully. Be sure you know what your policy covers, whether you can change your beneficiary and whether you can transfer ownership of your policy. This last item is particularly important in the event that you are required to enter a nursing home and want to apply for Medicaid.

 

The above-mentioned are a few things that could help you get a low-cost senior insurance without much difficulty. Research and smart choice are the keys to obtain cheap insurance which cater your needs. The best thing is, you have options! Choose the right one, custom made to fit in your requirements

 

About the Author:

This guest post is contributed by Maria, financial guest blogger. At present she is focusing on ppi claims . Catch her @financeport

Helping Your Parents Prepare Their Wills

Preparation of a will is an essential task to accomplish for anyone nearing the end of life, and is even essential for those who just intend to be prepared for when that time comes. Still, it’s not always the easiest thing to think about or go through with.

For those of you taking care of elderly parents who are either reluctant to complete their wills or don’t see a point in it, or for those who just need help facing the prospect of the will or talking about the subject with elderly parents, these tips should be of some comfort to all involved, helping make the process simpler and turning the situation into a genuine benefit.

 

Why It Can Be Tricky

The first step in this process is understanding the complexities of exactly what’s going on and how it can be perceived.

If you’re in great shape, have been healthy your whole life, are still relatively young, and even have kids who aren’t yet grown, it’s likely you yourself haven’t given wills and estates much thought. This can be complicated a bit if there’s any sort of rift between siblings and/or parents, but in those cases taking care with this topic is exceptionally paramount.

Let’s consider for a moment what a will means as a sort of metaphor or symbol. If you haven’t thought much about it, or if you didn’t think much about it for most of your life, why didn’t you? Was it because you didn’t have possessions or loved ones to care for? Probably not. More likely it’s because there was no real prospect of your own mortality, or maybe there still isn’t. Considering the necessity of a will is considering the ending of your own life. To admit that you need to take care of your estate is to admit that you’re not in control: not in control of your health/longevity, and soon to not be in control of an estate you’ve worked for and accrued for your whole life.

What to Do With That

With that consideration in mind, put yourself in your parents’ place. It seems absurdly simple, but really think about it, and it’ll help you approach them about it. If you were getting ready to move on from this life and wanted to make sure your estate would be taken care of, what would be running through your mind?

 

Why It’s Important to Act Fast

If your parents are already in a poor mental state, this is imperative to do before they are too far gone to make rational decisions about their estate.

Even if your parents are of sound mind, it’s still important to talk to them about it sooner than later. If there is any chance of mortal incident, such as a high risk of heart attack or stroke, or a possibility of future onset of mental diseases like dementia, be sure to talk to them about it before those become issues. You don’t know how long they’ll be around or healthy for.

But beyond those factors, consider non-malignant or long-term issues as well, like cancer or illness. It’s no secret that with increased age comes greater susceptibility to numerous conditions, and you don’t want considering a will to be an added stressor. If there’s any chance of something like this (and really, there probably always is), you don’t want these hard decisions to be a burden in a difficult time. Stress does awful things for the body, and it’s important to have as few stressors as possible to help ensure recovery and continued health.

 

Having the Conversation

Finally, it’s time to consider what to do and say during the conversation.

Go back to the first section and be sure you fully understand the complexities of the situation that will be created with this rather macabre discussion. Now take in all considerations that are specific to your family and their individualities: your siblings, your parents’ siblings, their grandchildren, their health state, their sensitivities, their charitable propensities, etcetera.

Once you’re ready to talk to them about it, be sure to lay down from the outset (if they’re sensitive to the issue) that you know it’s not easy to think about a will, but it’s something that has to be done. Then appeal to their sense of responsibility, explaining why they owe it to their valuables and their family to do this well and think it through thoroughly.

They worked hard for the money they have, so they deserve to have it spent how they would want it spent foremost. Don’t let any of your ideals or preferences get in the way (as long as they’re being rational), as this is about them. Consider what would best be bestowed to whom and how it would be fairest for the estate to be split up.

Be sure to end by making sure they know this doesn’t mean they’re any closer to the end or that it’s an admission that they’re giving up or that anyone is more concerned about the estate than they are for the wellbeing of those enacting the will. It’s an act of necessity, not vanity.

 

Author Bio:

Guest Post contributed by Michelle Johnson on behalf of Fulham Funerals – Adelaide Funerals.  Michelle is a freelance writer and has a keen interest in travel, relationship. She has written various publications dealing with death, funerals and the grieving process.

Law for Senior Citizens and Care Givers

If not now, when?

Many people dread thinking about death, and most put off planning for it. If you’re caring for an aging relative, or if you’re over age 65, now is the time to do so.

Living Wills

One of the first things you can help a senior with is setting up a Living Will.

An advance health care directive, also known as living will, personal directive, advance directive, or advance decision, is a set of written instructions that a person gives that specify what actions should be taken for their health if they are no longer able to make decisions due to illness or incapacity. The instruction appoints someone, usually called an agent, to make such decisions on their behalf. A living will is one form of advance directive, leaving instructions for treatment. Another form authorizes a specific type of power of attorney or health care proxy, where someone is appointed by the individual to make decisions on their behalf when they are incapacitated. People may also have a combination of both. People are often encouraged to complete both documents to provide comprehensive guidance regarding their care.

Source: Wikipedia

What would you like your family and your medical team to do should you fall into a coma? Without clear directions from the patient family members struggle with the decision. Every year tens of thousands of comatose patients “live” by feeding tubes and assisted breathing machines. Is this how you’d want your life to end?

The medical bills for such extraordinary care can quickly wipe out a lifetime of savings. Would you want all your assets going to pay for this? Would you rather see your money go to a worthwhile cause?

Only by setting up a valid Living Will can you spare yourself and your family.

Five Wishes  helps you express how you want to be treated if you are seriously ill and unable to speak for yourself. It deals with all of a person’s needs: medical, personal, emotional and spiritual. It speaks for you, when you can’t and lets caregivers, hospitals and courts know your desires.

What are your Five Wishes?

  • The Person I Want to Make Care Decisions for Me When I Can’t
  • The Kind of Medical Treatment I Want or Don’t Want
  • How Comfortable I Want to Be
  • How I Want People to Treat Me
  • What I Want My Loved Ones to Know

Estate Planning

Some seniors laugh about “we’re spending our kid’s inheritance.” Others look upon sharing their assets with their loved ones and / or worthwhile as a deeply meaningful act. Whichever camp you’re in, make your estate plan a conscious choice. By setting up a smart estate plan now you can have the peace of mind in knowing you wishes will be followed after you pass on.

Elder Abuse Law

Senior citizens are sometimes abused by the people trusted to care for them.  If you suspect that an elderly person is being abused, please contact your local police at once. Your first concern will be to remove the senior from the dangerous environment.

The senior may be eligible for financial compensation if he or she was the victim of abuse. A trusted personal injury attorney should be consulted.

Asset Protection

Consult a qualified tax planning attorney for help with protecting your assets. A smart asset protection plan will help shelter assets from catastrophic medical expenses. Your adviser may suggest Long Term Care insurance. The younger you are when you purchase this insurance the more affordable it will be.

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