Creative Financial Approaches to Long Term Care

Long term care insurance was sold aggressively in the 1980s, 90s and thereafter to offset the costs of seniors needing to live in a nursing home, assisted living or needing at home health care. Now, however, the business of long term care insurance has dramatically changed. What was once over 100 insurers providing LTC policy for sale has shrunk to a pool of less than twenty insurers who continue to…

Don’t Let Your Car Accident Become a Train Wreck

There are thousands of reported car accidents, injuries and hundreds of fatalities every year in Kentucky. Car accidents are so frequent that they are a leading cause of injury and death. Moments after a car accident can be traumatic, frustrating, and confusing. You can be left with injuries and property damage and concerns about the best way forward. A car accident may harm victims’ lives and their families. Sorting out…

Breaking Down Power of Attorney Misconceptions

A durable power of attorney is one of the most important estate planning documents you can have.  It allows someone who you appoint (your agent) to make decisions on your behalf in the event you become incapacitated. If you have not appointed an agent then your friends and family may not have the authority to make decisions on your behalf.  In that case, a judge may have to appoint someone…

ADVANCED CARE DIRECTIVES: ARE THEY NECESSARY?

Most of us don’t like to think about the possibility of something harmful happening to us or a loved one. Because of this, we rarely think about how to protect ourselves and our loved ones if the worst were to happen. However, just as it is important to buy home insurance to protect your home and auto insurance to protect your vehicle, every individual should have an advanced care directive…

5 Things to Include in an Estate Plan

Estate planning is important for people of all ages, but as we age, the need for planning becomes even more critical. Many people avoid estate planning because they do not want to think about the end of life, failing health or disability. Others believe that an estate plan is only for rich people. However, an estate plan is helpful for all adults and their families regardless of overall wealth. The…