About Life Insurance

Family Assets Staff

Life insurance is a type of insurance that pays a predetermined amount of money to a person’s heirs once the policyholder passes away. There are different types of life insurance…

Guide to Power of Attorney

Family Assets Staff

A power of attorney is a legal document that conveys decision-making authority from the principal (the person the decisions are about) to an agent (who can make the decisions). The…

Tax-Deductible Senior Care Expenses for 2022

Family Assets Staff

Senior care can be expensive and time-consuming, especially if you're the primary caregiver. Luckily, the IRS recognizes this and gives taxpayers ways to offset the cost of senior care through…

Home Safety Tips for Aging in Place

Family Assets Staff

Home Safety Tips for Aging in Place Aging in place refers to a person who continues to live in their home as they get older, instead of moving to a…

The Difference Between Home Care and Home Health Care

Family Assets Staff

Home care and home health care both provide helpful services to older adults who live at home, but they are two separate kinds of care. Aging adults often need help…

A Guide to Trusts

Family Assets Staff

A trust can be an effective asset management tool that can help plan your estate during your lifetime. However, there are different types for different purposes, so it’s essential to…

Types of Home Care for Seniors

Family Assets Staff

As older adults age, some require extra assistance to be independent. These individuals may benefit from home care. Home care providers lend a hand with a wide array of needs,…

What Is Estate Planning?

Family Assets Staff

A person's estate is the collection of all their property, money, and other assets at the time of their passing. Because all of a person's property must be distributed after…

What Is a Last Will?

Family Assets Staff

After a person passes away, their family needs to distribute their property and assets. This process can be difficult because the family may not know what the person would have…

What Is Aging in Place?

Family Assets Staff

What is aging in place? Here, we'll look at some expert definitions of the term, cover some considerations for aging in place and detail the in-home care services older adults…

The Difference Between Medicare and Medicaid

Family Assets Staff

When navigating the health care system, it is important to understand the options available. There are two main programs for individuals ages 65 and over: Medicaid and Medicare. While it’s…

Medicare Annual Enrollment Period for 2023

Family Assets Staff

During the annual Medicare Annual Enrollment Period (AEP), you can change your Medicare Advantage plan (MA/MAPD) or Medicare Drug plan (Part D). This period runs from October 15 through December…