My Caring Plan Blog

Can a Nursing Home Take All Your Assets?

This article has been reviewed by a practicing attorney in 2020 This content is not intended to be a substitute for professional legal advice. Always seek the advice of an attorney or another qualified legal professional with any questions you may have regarding your situation. A growing number of United States residents are seeking long-term […]

Bridge Loans for Seniors

Making the transition from everyday activities of working life to retirement can be difficult for individuals regardless of their age or situation. In addition, seniors’ lives can often include moving to a new state, home, or living facility, among other changes that can put a serious financial strain on them. If you are someone who […]

25 Financial Assistance Programs for Seniors

15 million seniors aged 65+ are economically insecure – and many more worry they don’t have enough to make it through retirement. With high costs of healthcare, housing, and food, seniors may need an extra hand to cover their basic needs. Fortunately, financial assistance programs are helping to bridge this gap so that seniors can […]

Irrevocable Trust Taxes

This article has been reviewed by a practicing attorney in 2020. This content is not intended to be a substitute for professional legal advice. Always seek the advice of an attorney or another qualified legal professional with any questions you may have regarding your situation. The irrevocable trust is a common estate planning tool. While irrevocable […]

How to Pay for Assisted Living

Assisted living can be an excellent option for you or a loved one, providing necessary daily support and social connections. However, figuring out how to pay for this senior housing option can be a challenge. Unlike nursing care, assisted living is not covered by Medicare, so alternative payment methods must be considered. Let’s explore the […]

A Guide to Veteran Benefits for Senior Living

Here at MyCaringPlan, we get a lot of questions from senior veterans looking for long-term care facilities. Often they ask us, “I’m a veteran, can that help me get senior housing?” The answer is absolutely yes.  Elder veterans may qualify for an extra hand with their senior living options – whether an assisted living facility, […]

How long does it take to get a disability benefits approval letter?

So, you’ve applied for disability benefits and are waiting for your approval letter. You may be wondering what’s taking so long and whether you can expect good or bad news.  The process of applying for disability benefits can be difficult. To give you an idea, only 35% of disability claims are approved on the first […]