Steps to Take to Insure Your Family and Assets are Protected

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Steps to Take to Insure Your Family and Assets are ProtectedPowers of Attorney

Powers of attorney allow you to appoint an agent to act on your behalf. You can choose from several types of powers of attorney, including limited powers of attorney that allow the agent to perform a specific financial transaction (i.e. a real estate closing) and general powers of attorney that allow your agent to transact any financial business that you could legal perform yourself.

Executing a power of attorney is one of the two documents you need to consider when planning for a future disability. A durable general power of attorney gives someone the authority to act on your behalf to manage your financial affairs in the event you become incapacitated or otherwise unable to manage your own finances.

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Dealing with Caregiver Stress

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Caregiver | Elder Law Attorney | Dayton, OH

Photo Credit: a4gpa via Compfight cc

In America, more than 65 million people are providing care to a loved one, whether a spouse, parent, or other family member. That number is three times what it used to be 15 years ago, according to NPR.

Many of these people are providing care because they would rather not put their loved one in a nursing home or because they can’t afford it.

This decision is a very personal one, and families should do what they think is best for them. [Read more…]

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Ohio Nursing Homes Rate Well

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Nursing Home Care | Elder Law Attorney | Dayton, OH | Lovett & Lovett Co., LPAIt seems like, whenever you hear something about a nursing home in the media, it’s bad. The news is chock-full of stories of neglect, scandals, fraud, accidents, and abuse of every kind. However, at least in Ohio, there is some good news, and it comes straight from the horse’s mouth, so to speak.

According to a survey by the Ohio Department of Aging, Ohio nursing home residents rated their overall satisfaction with their care as a B+. [Read more…]

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Tips for Picking the Best and Safest Nursing Home

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Older woman | Estate Planning Lawyers | Dayton, OHThe closure of Carlton Manor, a Fayette County nursing home, due to failed inspections and suspected abuse, has raised questions for local residents about how to select a nursing home. Moving yourself or a relative that can no longer live independently into a nursing home is a big decision and a big change. Choosing a nursing home is a lot like buying a house, in that it takes time, patience, and perseverance. Here are some tips to help you pick the best and safest nursing home for yourself or a loved one.

Know the Laws in Your State: Look into laws regarding nursing homes in your state. Can you find out if the nursing home you are looking at has failed any inspections? What are the laws about housing criminals? For example, in the state of Ohio, nursing home residents do not have to be notified when a sexual offender moves into the nursing home. [Read more…]

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How to Talk about Caregiving with Mom and Dad

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Caregiving | Nursing Home Planning LawyersHow are you going to take care of your parents?

If you’re like 44 million other Americans, according to a recent article in the Huffington Post, you might already be serving as a caregiver for someone over 50. Or maybe you aren’t yet, but it’s right around the corner.

With the cost of senior care so expensive (nursing homes can run up to thousands of dollars a month), determining how your family is going to approach caregiving is absolutely critical. Too often, families put off having this conversation because it’s a difficult one to have. Then, a crisis occurs, and they find themselves completely unprepared.  [Read more…]

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Sticker Shock: The Cost of Long-Term Care Rising

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Long-Term Care Costs | Dayton OH Estate Planning Attorney | Lovett & Lovett Co., LPAThe cost of nursing home stays and other long-term care has been steadily rising in the past few years. So much, in fact, that it’s no wonder that Americans are experiencing severe sticker shock.

According to a recent article in The New York Times, a 2013 report by Genworth Financial has found that the median daily cost of a private room in a nursing home increased 3.6 percent from 2012. The median cost today is $6,900. Want to save money by sharing a room? Don’t expect to save much: a shared room is only $27 cheaper. The report stated that Americans could pay more than $16,425 annually than they did in 2008.

The cost of an assisted living facility is less at $3,450 per month. This cost also increased from 2012, up 4.55 percent. [Read more…]

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How to choose a nursing home in Ohio

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Nursing home planning attorneyThe decision to place your loved one in a nursing home is a difficult one. We understand this: the attorneys and staff at our office have all placed someone they love in a nursing home or lost folks close to them. We know what it’s like: it’s a terrible situation. We want to make it more bearable for you, and we want to help you find a nursing home that will treat your loved one with the care he or she deserves.

Whether you are planning ahead for a likely nursing home stay for a parent or are facing this decision unexpectedly, it is important to select a reputable, high-quality nursing home. There are more than 1,000 nursing homes in Ohio, and it can be difficult to determine which nursing home will provide the best care to your loved one. [Read more…]

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Ohio House Budget Could Bolster Nursing Home Funds

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Ohio budget - Lovett & Lovett Co., LPAWith more and more Baby Boomers entering retirement, extended care planning and retirement planning have become very hot topics. Individuals are living longer than ever, and the question as to just how they can pay for that extended lifespan is being put forth. The new budget suggested by the Ohio House addresses this question and may offer a tentative solution.

Brandon Blackwell reports on the budget in his article “Ohio House Budget Bill Would Restrict Sex Ed, Bolster Nursing Home Funds.” [Read more…]

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Planning for Extended Care

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Extended care - Lovett & Lovett Co., LPAMany individuals look forward to retirement. However, most of these individuals are not looking forward to having to enter some type of care facility, such as a nursing home. Actually, the majority isn’t even thinking about this possibility at all.

However, many Americans will, at one point, need some type of help with their day-to-day activities. In fact, according to the U.S. Centers for Medicare & Medicaid Services, roughly 1.4 million Americans reside in nursing homes on any given day.1 [Read more…]

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