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From monthly archives: August 2017

We are pleased to present below all posts archived in 'August 2017'. If you still can't find what you are looking for, try using the search box.

Estate Planning for the Children Leaving the Nest

Estate Planning for the Children Leaving the Nest
For many families, summer marks the time for transition as the children prepare for (or continue) their college education.  This usually coincides with the children reaching the age of majority, which in North Carolina is 18 years old.  This is an interesting period as even though your child is emancipated, often he or she is still very much reliant upon your support for room, board and schooling.  Yet, despite this reliance, you are unable to do the things you were able to do for your child prior to turning 18. An important example of this is in the health care realm.  In 1996, President Clinton signed into law the Health Insurance Portability and Accountability Act (HIPAA) which created substantial privacy rights regarding patients’ medical records.  When your child reaches the age of 18, HIPAA protects his or her medical records from being accessed by anyone else.  While the law does provide some discretion for health care providers to release information if it is in ...

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Should I Stay or Should I Go? Options in Senior Living - Part Two

Should I Stay or Should I Go?  Options in Senior Living - Part Two
In this post, we’ll explore costs, advantages and disadvantages of some the options in senior living, as discussed by the panel of specialists hosted by Hilltop in May.  If you don’t know some of the terms we’re referencing, check out last week’s post. It seems like a lot of folks are talking about Continuing Care Retirement Communities.  What’s the advantage of these types of facilities? The great advantage of Continuing Care Retirement Communities (CCRCs) is that they roll all levels of care into one, says Julie Kopetsky, senior relocation specialist and president of Your Next Move.  In a CCRC, you can live independently, receive some level of assistance or receive skilled nursing.  Those sound great!  Are there any down sides? It is complicated and expensive to build retirement communities, so there may not be many of them near you.  There may also be a long waitlist and a fee to join the waitlist.  Further, being on the waitlist ...

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