Go Fund Me is a crowdfunding site that allows individuals to create campaigns to raise money. Individuals raise money for various things, such as tuition, travel, business ventures, or even for health care costs. Proceeds from a Go Fund Me campaign may affect your...
A normal part of the aging process is the decline in cognitive abilities, including a decline in financial skills. A recent study funded by the National Endowment for Financial Education (NEFE) identifies some of the earliest financial skill impairments that older...
When you apply for Medicaid, the Washington State Department of Social and Health Services (DSHS) will look to see if you gifted any assets in the five years prior to your application date. This is Medicaid's five-year look back period. The Medicaid transfer of asset...
The term “SuperAger” refers to older adults ages 60-80 whose memory and attention span is not just better than average for their age, but is closer to that of a healthy 25-year-old. Becoming a SuperAger creates an opportunity for people to remain mentally nimble well...
Dementia is not one specific disease. According to the Mayo Clinic "dementia describes a group of symptoms affecting memory, thinking and social abilities severely enough to interfere with daily functioning." Alzheimer's disease is the most common cause of dementia in...
An attorney in fact (AIF) is an agent authorized to act on behalf of another person. Your AIF will handle your financial affairs or health care decisions in the event that you become incapacitated. Durable Power of Attorney It is important for everyone to execute a...
The Minimum Monthly Maintenance Needs Allowance (MMMNA) is an amount of money a spouse in entitled to from the income of a spouse receiving Long-Term Medicaid benefits. Understanding How Medicaid Eligibility Is Determined The financial eligibility for Medicaid...
Medicaid is a state and federally funded medical assistance program that pays for medical services, including nursing home care. To be eligible for Medicaid Long-Term Care, you must have income and assets below specified standards. For married couples, the amount of...
There are strategies to protect assets while still obtaining vital Medicaid Long-Term Care benefits, but a living trust is not one of those strategies. Revocable Living Trust Definition A revocable living trust is a written agreement in which an individual, known as...
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