FREQUENTLY ASKED QUESTIONS

PLANNING FOR AGING

If YOU don’t make a PLAN, SOMEONE else, possibly appointed by a court, WILL.

  • What if you die unexpectedly?

  • What is your family to do?

  • Do they have access to your banking?

  • Do they know your wishes?

These scenarios are possible and can greatly burden families. What can a senior citizen do? PLAN NOW to avoid crisis planning!

If YOU don’t make a PLAN, SOMEONE else, possibly appointed by a court, WILL.

  • What if you get sick or become disabled, and can no longer work?

  • Do you have a plan?

Aging Issues Management can help you map out a plan.
Call for a free and confidential consultation to discuss your goals:

    • Housing Planning
    • Long Term Care & Medicaid Planning
    • Estate Planning

Q- When do I start planning?

A– It is never too early and at the same time never too late. When issues are thought about plans should be made.

As an advisor, it’s our job to get you to think about the issues we all face in our retirement years. Let us help you make plans.

Q- What’s the difference between Medicare and Medicaid?

A– Medicare is health insurance for all people over the age of 65. Medicaid is for the impoverished. Clients with proper legal advice can plan to eventually qualify for Medicaid assistance. Contact us for information on Medicaid Planning.

Q- When do need to apply for Medicare?

A– You need to apply for Medicare generally within a 9 month window around your 65th birthday or face penalties. There are exceptions so call to find out if they apply

Q- What is a living will?

A– A living will tells your loved ones what medical procedures you would like if you are in the last stages of life. Basically you want to be kept comfortable and medicated but you can decline to be artificially kept alive. It’s your instructions for your loved ones.

Q- Should I sell my house?

A– The statistics say yes. We all know families who are affected by the need to arrange care for a parent or a spouse. Having plans in place can help reduce both the emotional and financial burden on families. There are new options that can meet needs both now and in the future.

Q- Do I need a Long-term Care Plan?

A– The statistics say yes. We all know families who are affected by the need to arrange care for a parent or a spouse. Having plans in place can help reduce both the emotional and financial burden on families. There are new options that can meet needs both now and in the future.

Q- What’s an Estate Plan?

A– Estate planning is the process of anticipating and arranging, during a person’s life, for the management and disposal of that person’s estate during the person’s life and at and after death, while minimizing gift, estate, generation skipping transfer, and income tax.

Q- What is a Power of attorney?

A– A power of attorney (POA) or letter of attorney is a written authorization to represent or act on another’s behalf in private affairs, business, or some other legal matter.

Q- What is a health care proxy?

A– A health care proxy is a document that names someone you trust as your proxy, or agent, to express your wishes and make health care decisions for you if you are unable to speak for yourself.

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