Maine Elder Law Blog
Local Maine Elder Law Blog
Current Maine Elder Law & Estate Planning Articles
Posting regularly to our Maine Elder Law Blog you can learn about topics including Medicare, Wellness, Caregiving, Memory Care, Finances, Long-Term Care Planning, and much more!
A Dementia Diagnoses can Impacts Where Seniors Choose to Live. The Centers for Disease Control and Prevention (CDC) has released a report acknowledging that from 2000 to 2017 deaths in the US that have dementia as an underlying cause has more than tripled. Underlying Alzheimer’s disease accounts for more than 46% (261,914) of those deaths in […]
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It is all over the media that nearly half of Americans aged 55 and older have no retirement savings in an individual retirement account (IRA) or 401(k) according to the federal Government Accountability Office (GAO). Also, while two out of five households do have a defined benefit plan (traditional pension), a full 29 percent of older […]
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According to the U.S. Department of Health and Human Services, someone turning age 65 today will have a 70 percent chance of requiring some long term care (LTC) service and support during the remainder of their life. In the case of women, the typical LTC need will last about 3.7 years compared to men who […]
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According to the American Association for Retired Persons (AARP), every single day 10,000 baby boomers are turning 65 years old. The deluge of aging Americans and the increase in longevity in the already 65 plus population are the main reasons why the Social Security and Medicare programs are expected to have financial insolvency issues in […]
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As we age, simple things we took for granted as kids become more difficult — and more expensive. That’s a truth all of us know. What you may not realize is that the aging middle class will face unique difficulties going forward. The private market offers options for assisted living, but at a price too […]
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