The Benefits of Giving Gifts to Your Grandchildren in Trust
There are some serious drawbacks to many options for giving gifts to grandchildren. Either there are no tax or estate plannin...
Read moreIra Rosofsky. Nasty, Brutish & Long: Adventures in Old Age and the World of Eldercare. Avery. New York, N.Y. 2009. 214 pages. $10.00 from Amazon.
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If our bodies or minds fail us at the end of our lives, we're likely to end up in a nursing home. What is life like in these institutions and what does the experience tell us about our society's way of managing the ravages of old age? In this important and engaging book, a psychologist with years of experience treating residents of various nursing homes reveals the bureaucratic, medicalized and sometimes heartless world behind the cosmetic facades of places with names like "Pleasant Manor," and reflects on how care at the end of life could be made more humane.
Ira Rosofsky is a congenial and wryly humorous guide as he brings readers into the rooms of nursing home residents (their identities well concealed) and contemplates the meaning of what he sees and hears. Along the way, he interweaves his own encounters with end-of-life care brought on by the protracted decline of his father. We learn the differences between posh and scruffy nursing homes, and how in the end they are essentially the same cages, gilded or not. We are initiated into the mysteries of the patient chart and other paperwork required by Medicare and Medicaid. We gain an insider's view of the various Medicare-reimbursable professionals who minister to the aged and infirm in these institutions.
Rosofsky is not a didactic writer who hits readers over the head with his conclusions, but he raises a great many crucial questions in his physical and cerebral ramblings. He wonders why the final home for so many of us needs to look like a hospital, with most residents afforded only a curtain for privacy. He peers behind the veil of claims for the effectiveness of Alzheimer's drugs like Aricept and Namenda and finds them wanting. "These drugs put cut flowers in water -- prolonging the agony," he concludes, while noting that narcotics for pain medication are often scandalously underused. In the final chapter -- aptly titled "The Final Chapter" -- Rosofsky ruminates on the ethics of euthanasia and our willingness to spend the equivalent of an Ivy League education to prolong a doomed life for a few months.
A philosophy major in college, Rosofsky borrows his title from Thomas Hobbes, and within the book's pages he finds occasion to casually reference Hegel, Kant, Locke, and William James, among others. Although it's a lively read, in the end his account of life among the elderly is a deeply philosophical work that forces us to rethink the meaning of, and our response to, physical decline and mortality.
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Read moreIn addition to nursing home care, Medicaid may cover home care and some care in an assisted living facility. Coverage in your state may depend on waivers of federal rules.
READ MORETo be eligible for Medicaid long-term care, recipients must have limited incomes and no more than $2,000 (in most states). Special rules apply for the home and other assets.
READ MORESpouses of Medicaid nursing home residents have special protections to keep them from becoming impoverished.
READ MOREIn addition to nursing home care, Medicaid may cover home care and some care in an assisted living facility. Coverage in your state may depend on waivers of federal rules.
READ MORETo be eligible for Medicaid long-term care, recipients must have limited incomes and no more than $2,000 (in most states). Special rules apply for the home and other assets.
READ MORESpouses of Medicaid nursing home residents have special protections to keep them from becoming impoverished.
READ MORECareful planning for potentially devastating long-term care costs can help protect your estate, whether for your spouse or for your children.
READ MOREIf steps aren't taken to protect the Medicaid recipient's house from the state’s attempts to recover benefits paid, the house may need to be sold.
READ MOREThere are ways to handle excess income or assets and still qualify for Medicaid long-term care, and programs that deliver care at home rather than in a nursing home.
READ MORECareful planning for potentially devastating long-term care costs can help protect your estate, whether for your spouse or for your children.
READ MOREIf steps aren't taken to protect the Medicaid recipient's house from the state’s attempts to recover benefits paid, the house may need to be sold.
READ MOREThere are ways to handle excess income or assets and still qualify for Medicaid long-term care, and programs that deliver care at home rather than in a nursing home.
READ MOREMost states have laws on the books making adult children responsible if their parents can't afford to take care of themselves.
READ MOREApplying for Medicaid is a highly technical and complex process, and bad advice can actually make it more difficult to qualify for benefits.
READ MOREMedicare's coverage of nursing home care is quite limited. For those who can afford it and who can qualify for coverage, long-term care insurance is the best alternative to Medicaid.
READ MOREMost states have laws on the books making adult children responsible if their parents can't afford to take care of themselves.
READ MOREApplying for Medicaid is a highly technical and complex process, and bad advice can actually make it more difficult to qualify for benefits.
READ MOREMedicare's coverage of nursing home care is quite limited. For those who can afford it and who can qualify for coverage, long-term care insurance is the best alternative to Medicaid.
READ MOREDistinguish the key concepts in estate planning, including the will, the trust, probate, the power of attorney, and how to avoid estate taxes.
READ MORELearn about grandparents’ visitation rights and how to avoid tax and public benefit issues when making gifts to grandchildren.
READ MOREUnderstand when and how a court appoints a guardian or conservator for an adult who becomes incapacitated, and how to avoid guardianship.
READ MOREWe need to plan for the possibility that we will become unable to make our own medical decisions. This may take the form of a health care proxy, a medical directive, a living will, or a combination of these.
READ MOREDistinguish the key concepts in estate planning, including the will, the trust, probate, the power of attorney, and how to avoid estate taxes.
READ MORELearn about grandparents’ visitation rights and how to avoid tax and public benefit issues when making gifts to grandchildren.
READ MOREUnderstand when and how a court appoints a guardian or conservator for an adult who becomes incapacitated, and how to avoid guardianship.
READ MOREWe need to plan for the possibility that we will become unable to make our own medical decisions. This may take the form of a health care proxy, a medical directive, a living will, or a combination of these.
READ MOREUnderstand the ins and outs of insurance to cover the high cost of nursing home care, including when to buy it, how much to buy, and which spouse should get the coverage.
READ MORELearn who qualifies for Medicare, what the program covers, all about Medicare Advantage, and how to supplement Medicare’s coverage.
READ MOREWe explain the five phases of retirement planning, the difference between a 401(k) and an IRA, types of investments, asset diversification, the required minimum distribution rules, and more.
READ MOREFind out how to choose a nursing home or assisted living facility, when to fight a discharge, the rights of nursing home residents, all about reverse mortgages, and more.
READ MOREUnderstand the ins and outs of insurance to cover the high cost of nursing home care, including when to buy it, how much to buy, and which spouse should get the coverage.
READ MOREWe explain the five phases of retirement planning, the difference between a 401(k) and an IRA, types of investments, asset diversification, the required minimum distribution rules, and more.
READ MOREFind out how to choose a nursing home or assisted living facility, when to fight a discharge, the rights of nursing home residents, all about reverse mortgages, and more.
READ MOREGet a solid grounding in Social Security, including who is eligible, how to apply, spousal benefits, the taxation of benefits, how work affects payments, and SSDI and SSI.
READ MORELearn how a special needs trust can preserve assets for a person with disabilities without jeopardizing Medicaid and SSI, and how to plan for when caregivers are gone.
READ MOREExplore benefits for older veterans, including the VA’s disability pension benefit, aid and attendance, and long-term care coverage for veterans and surviving spouses.
READ MOREGet a solid grounding in Social Security, including who is eligible, how to apply, spousal benefits, the taxation of benefits, how work affects payments, and SSDI and SSI.
READ MORELearn how a special needs trust can preserve assets for a person with disabilities without jeopardizing Medicaid and SSI, and how to plan for when caregivers are gone.
READ MOREExplore benefits for older veterans, including the VA’s disability pension benefit, aid and attendance, and long-term care coverage for veterans and surviving spouses.
READ MORE