Some Delaware residents feel a sense of accomplishment after making difficult decisions. While this feeling of accomplishment may be warranted, it is also important to remember that making the right decision is better than making just any decision, especially when it comes to creating a health care proxy. It is certainly vital for individuals to choose parties to make medical decisions on their behalves, but it is also important that patient and agent are on the same page.
Many people enjoy the process of planning. The comfort that can come from having a plan for various scenarios can seem appealing. As a result, some Delaware residents may have plans for a number of occasions. However, they may want to ensure that they have a long-term-care plan in place specifically.
It's nothing new to say that kids are expensive, but what happens when paying expenses for adult children cuts into retirement savings? Recent research shows that many near-retirees in the United States do not have adequate savings -- an issue that can be compounded when tuition, wedding expenses and even caring for adult children gets added to the mix. Understanding how to protect their own retirement funds while managing expectations from kids is an Elder Law issue that faces many in Delaware, particularly those with adult children who are not financially independent.
Although many people prefer to live private lives, communication can often be the key to avoiding missteps and hazards as one ages. It is a good idea for Delaware seniors to have certain conversations with their children, as awareness throughout the family can help people avoid or resolve elder law issues. Those who do not have children or do not trust their children should consider sharing important information with trusted friends as an alternative.
Elder abuse is a major issue across the United States. Recent numbers released in New York State noted that only about one in 22 cases of elder abuse is reported, and aging individuals in other states like Delaware have similar challenges being heard. Those who are in a position to recognize elder abuse should know the signs of someone being targeted as well as the right steps to take within the limits of elder law.
Thirteen years ago, June 15 was designated as World Elder Abuse Awareness Day by the United Nations. This far-reaching issue affects many individuals and families, from aging people in Delaware to seniors across the world. There have been many efforts to change and enforce elder law in hopes of supporting seniors who are being victimized.
Planning for retirement is a challenge for men and women alike. However, statistics show that when it comes to finances and elder law issues, women can sometimes have a harder time making the transition. Here are a few things women in Delaware may face when moving into this new stage in life.
Elderly people are often the target of financial scams. Elder law issues involving fraud from complete strangers and even loved ones are plentiful across Delaware. Aging people should be on the lookout for some of the most common scams that seek to take advantage of their pensions, health situations and other elder-specific vulnerabilities.
For many retirees, leaving work means depleting savings. But for Delaware retirees with smart investments and a keen understanding of elder law to avoid any scams or meddling family members, net worth can actually increase during the course of retirement. In fact, a recent study shows that one-third of seniors increase their assets over the first 18 years of retirement.
As people age, they may become increasingly vulnerable to financial abuse. For example, relatives can misuse assets after being granted access to accounts through guardianship. Elderly people and their loved ones should have an understanding of these potential crimes and how they are addressed by Delaware elder law in order to protect themselves.