Downs Law Firm, P.C.
Amid headlines of COVID-19 infiltrating nursing homes and large senior care facilities, it’s understandable that many Americans would prefer to avoid assisted living environments as they grow older. However, the trend to age in place predates the pandemic. Remaining at home was the first choice for 76% of Americans age 50 and older, according to a 2018 AARP survey.
Don’t waste your time regretting the years you spent without sufficient activity — getting moving at any age will prolong your life.
Forty-one percent of participants in a new survey said they don’t trust assisted living communities and nursing homes to keep older adults safe amid the coronavirus pandemic.
We are now in a global pandemic in which many family caregivers will likely experience the same kind of shock, uncertainty and fear that I did. We worry that COVID-19 may sicken our loved ones or as caregivers that we may somehow bring the virus into our homes. We also fear that we might fall ill and leave our care recipients in need. It can be challenging to keep a caregiver’s spirits up.
Seniors who can identify smells like roses, turpentine, paint-thinner, and lemons, and have retained their senses of hearing, vision, and touch, may have half the risk of developing dementia as their peers with marked sensory decline.
The possibility that a power of attorney might be rejected may be one reason not to simply pull a form off the internet and hope it will be accepted.
When you open a financial account, you’re often asked to name a beneficiary. Simply stated, a beneficiary is someone who is entitled to the benefits of the account on the death of the account holder. For example, if you’ve purchased life insurance, you name a beneficiary who receives the benefits of the policy when you pass away.
The death care industry — yep, it’s got its own industry moniker — is an estimated $20 billion business. Service Corporation International, a publicly traded company that operates 1,475 funeral homes and 483 cemeteries in 44 states, pulled in more than $3.2 billion in revenue in the past 12 months.
The concept of financial scams isn’t a new one. Unfortunately, seniors tend to be particularly prone to them in general. Introduce a pandemic, and you have the makings for financial ruin among our country’s most vulnerable.
Not everyone can afford to hire an in-home nurse or professional caregiver. Today, there are around 45.3 million unpaid, non-professional caregivers in the United States taking care of a loved one.
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