Current offerings include Lively, a wireless monitoring device with accelerometers to detect movement, as well as pill bottles that indicate when it is time to take medication. Even small changes in daily habits can represent significant changes in health, so the potential applications of such devices are substantial.

Experts envision a wide range of other smart devices in the future, such as furniture that monitors vital signs and carpets that analyze walking patterns to identify changes in physical health. Some such devices have already made their way into technology expos, but have some way to go until they are widely adopted. Keeping sensors unobtrusive and easy to install will be key to promoting widespread adaptation.

As 78 million Baby Boomers continue to age, there will be an increased demand for such devices, both from seniors and from their caregivers. Smart homes promise to provide a higher level of independence over a longer period of time, an appealing prospect for independent Boomers.

Supplementing in-person care giving with technology is also appealing from a practical perspective. According to a recent AARP report, in 2010 there were 7.2 middle-age caregivers for every 80-year-old. By 2050, that number will decline to 2.9. If the home is able to serve as an early detection system, alerting family and health care providers of key changes, it may be able to ease the strain on the health care system.

The elder law attorneys at Hook Law Center assist Virginia families with will preparation, trust & estate administration, guardianships and conservatorships, long-term care planning, special needs planning, veterans benefits, and more. To learn more, visit http://www.hooklawcenter.com/ or call 757-399-7506.

by Thomas D. Begley, Jr., CELA

Nothing is likely to have greater impact on public policy and programs for the elderly than the aging of the Baby Boomers (“Boomers”). Boomers represent 76 million persons in the United States born between 1946 and 1964 – 31% of the total population. Boomers are divided into two waves. The first wave was born between 1946 and 1954 and is currently between 61 and 69 years of age. The second wave was born between 1955 and 1964 and is currently between 51 and 60 years of age. By the year 2030, all surviving members of this generation will be between the ages of 66 and 84 and 90% will be retired by the year 2030.[1] By 2020, close to one-third of the population will be over age 55. Despite the conventional wisdom that Boomers are ready to “work forever” and significantly extend their formal working career, many of the oldest Boomers are already well into the retirement phase. Many more expect to retire upon becoming eligible for full Social Security Retirement benefits.

• Forty-five percent of 65-year old Boomers are now fully retired with another 14% reporting that they are retired but working part-time or seasonally.

• Of those who have not yet retired, 61% plan to retire when they reach 68.5 and are eligible for full Social Security Retirement.

• Forty-five percent of Boomers who retired earlier than planned cited health-related reasons for doing so. Sixteen percent cited loss of a job or job opportunities. Those who retired later than they had planned mentioned needing a salary to pay for day-to-day expenses.

• Sixty-three percent of Boomers have started receiving Social Security benefits prior to reaching full retirement age.

• Seventy percent of retirees report liking retirement “a lot.”

• Twenty-five percent of Boomers received an inheritance from their parents with an average value, before taxes, of $110,000.

As Boomers age, it is useful to study a profile of the average Boomer. MetLife performed such a study.[2] The study showed that the average 62-year old in 2007 was married to the same spouse, who was 60-years old, had 2.4 children over the age of 18 who were not living at home, has two grandchildren also not living in their home, and has no living parents. These individuals tend to have very good health, have some college education, and worked full time. They feel they have done a good job earning income, but a poor job saving for their own future, investing for their children’s future, and ensuring coverage for their long-term care costs. They are politically conservative. They have decided to take Social Security benefits earlier than the normal retirement age. A sizeable portion applies for benefits at age 62 and plan to be fully retired by age 66-years 4 months.

Changes in the global economy have caused a decline in the number of manufacturing jobs in the United States and a move toward service jobs, requiring higher level of skill and education. Fifty-six percent of Boomers will rely on Social Security for over one-half of their income and estimates are that Boomers will save only one-third of the amount required to provide them with a secure retirement at age 65.[3] Further, Boomers have high consumer debt, including education loans, and are borrowing, or will soon need to borrow, to finance their own children’s educations. The National Association of Area Agencies on Aging predicts that, “Baby boomers will have better health in their late 60s and 70s due to better personal care, more healthful work environments, and better health practices throughout their adult lives.”

The retirement of Boomers will put a tremendous stress on the Social Security and Medicare systems. Policymakers, particularly those on the right, will be tempted to reduce benefits to maintain the solvency of both the Social Security and Medicare systems. Such a change would cause serious issues for many Boomers who have retired with no pension, little retirement savings through 401ks, little equity in their homes, and high consumer debt. All of these reasons, and particularly a lack of pensions, makes Social Security even more important to Boomers who are retiring.

The General Accounting Office (GAO) found that an annual drawdown of savings at an annual rate of 4%, coupled with a delay in Social Security, was a good strategy for Boomers to employ for retirement. The longer Social Security is delayed, the higher the monthly payment. Therefore, drawing down on savings first will ultimately lead to a higher monthly check from the Social Security Administration.

There is a dramatic difference between the first wave of Boomers and the second wave. The older wave is better educated and is more likely to be married. The most important source of income for Boomers is earnings from employment, and singled boomers generally earn less than married ones. Also, 71% of first-wave Boomers own their own homes, while only 57% of those in the second wave own homes. As a result, poverty rates in 1990 were one-third higher for those in the second wave of Boomers than for those in the first wave. [4]

According to the National Association of Area Agencies on Aging, large numbers will face economic risk and deprivation, because of a history of low earnings, intermittent employment, poor education, discrimination, and an inability to adjust to changing employer requirements. The most influential variables for a Boomer’s retirement are marital status and level of education.[5]

One of the factors making retirement for many Boomers is the lack of income from pensions. Public sector employees generally receive pensions. Private sector employees generally receive benefits from defined contribution plans, such as 401ks, and 401ks tend to be much less generously funded and pay out much smaller benefits.

[1] P. Berg & A. Collins, Baby Boomers: Issues and Trends Summary Analysis Including Opportunities for the Aging Network, National Association of Area Agencies on Aging.

[2] Highlights of the MetLife Study of Boomers: Ready to Launch, MetLife Mature Market Institute, www.metlife.com (Nov. 2007).

[3] P. Berg & A. Collins, Baby Boomers: Issues and Trends Summary Analysis Including Opportunities for the Aging Network, National Association of Area Agencies on Aging.

[4] Transitioning into Retirement, The MetLife Study of Baby Boomers at 65 (April 2012).

[5] P. Berg & A. Collins, Baby Boomers: Issues and Trends Summary Analysis Including Opportunities for the Aging Network, National Association of Area Agencies on Aging.

Though Baby Boomers do focus on cash flow in retirement, planning beyond that with an estate plan is often not on their radar.

“The secret of getting ahead is getting started.” Mark Twain

Well put, Mr. Twain, and thank you for making this pithy quote one for the ages. It should be on the desk of financial professionals and heeded by baby boomers everywhere. Indeed, it’s one thing to save and invest wisely, but all is for naught without that all-important estate plan.

Michigan Boomer’s of the ‘60s turn 50…

Although ‘boomers’ fall into that Netherland somewhere between 1946 to 1964, the 21-million boomers actually born in the early ‘60s, whom AARP said turned 50 last December, may still roam terra firma with a piece of parchment on which they’ve written their last will and testament.

While this may hint of brontosaurus-like thinking, boomers most certainly are not doomed to extinction just because they’ve fallen into the tar pit of indecision when it comes to making an estate plan—even at age 50, there’s time.

Estate Planning: It’s simply not on their list…

Still, Baby Boomers biggest retirement planning mistake is having a workable financial strategy without an estate plan. That scenario is tantamount to running an eight-cylinder car on four pistons during its lifetime, and failing to deliver you across the retirement threshold in good stead.

Call it short-sighted, or being in denial, but thinking about ‘death’ is simply not on the Baby Boomer’s radar, according to a recent USA Today article. Unwittingly, they may forever remain oblivious that death-by-dying without an estate plan can create untold tax consequences that might be avoided by placing assets into a living trust, for example.

“’If you are looking at Baby Boomers, they are looking at what their cash flow will be in retirement,” says Carol Kroch, managing director, wealth and philanthropic planning at Wilmington Trust in Wilmington, Del. “Can they do the things they want to do? Can they retire? Can they keep the house? They are not focused on death’.”

Don’t leave your heirs with a bundle of tax problems…

But boomers may not have the second chance Mark Twain did when he read about his own ‘death’ in a newspaper paper while on a trip abroad. Perhaps his quote (“The reports of my death have been greatly exaggerated.”) playfully serves as a reminder for boomers to develop an estate plan to complement their financial strategies, thereby ensuring continuity of one’s estate.

A ‘will’ is one component of the overall estate plan.

In short, your will lets you choose which heirs should receive your antique car collection, or who will become guardians of your children.

The estate plan protects assets from probate; provides a power of attorney for someone you’ve appointed to step in to make vital health/financial decisions for you; Do you want trusts for your children…grandkids or a favorite charity? These desires need to be discussed in context with your entire estate.

Looking beyond the ‘now.’

As noted in the USA Today article, the focus on developing the estate plan falls on three critical areas that include property and financial assets, children, and medical decisions. In the latter case, the purchase of a long-term-care insurance policy can protect assets from depletion in the case of nursing home care, or extended care in the home.

In the case of second marriages, the plan also can guard against losing assets if that marriage doesn’t work out. Such scenarios often call for a “firewall” of prenuptial, or postnuptial, agreements.

Start the ‘family conversation.’

Owners of a small business may want to pass on the business to their offspring, but make sure it’s something they truly want to do.

The conversation should be an open-ended one, where that vacation home, or family boat, can be passed on to a family member without it being a complete surprise later.

Other must-conversations is the one about choosing the executor of your estate—your daughter may say ‘no’ because she doesn’t feel confident in handling financial matters.

To start the conversation about your estate plan, including your will, powers of attorney and other specific documents, contact us.

The post USA TODAY: ‘Baby Boomers’ biggest retirement planning mistake is not having an estate plan. appeared first on Estate Planning Lawyers | Elder Law Attorneys | Brighton | Novi | Livonia Elder Law Attorneys.

by Thomas D. Begley, Jr., CELA

Nothing is likely to have greater impact on public policy and programs for the elderly than the aging of the Baby Boomers (“Boomers”). Boomers represent 76 million persons in the United States born between 1946 and 1964 – 31% of the total population. Boomers are divided into two waves. The first wave was born between 1946 and 1954 and is currently between 61 and 69 years of age. The second wave was born between 1955 and 1964 and is currently between 51 and 60 years of age. By the year 2030, all surviving members of this generation will be between the ages of 66 and 84 and 90% will be retired by the year 2030.[1] By 2020, close to one-third of the population will be over age 55. Despite the conventional wisdom that Boomers are ready to “work forever” and significantly extend their formal working career, many of the oldest Boomers are already well into the retirement phase. Many more expect to retire upon becoming eligible for full Social Security Retirement benefits.

• Forty-five percent of 65-year old Boomers are now fully retired with another 14% reporting that they are retired but working part-time or seasonally.

• Of those who have not yet retired, 61% plan to retire when they reach 68.5 and are eligible for full Social Security Retirement.

• Forty-five percent of Boomers who retired earlier than planned cited health-related reasons for doing so. Sixteen percent cited loss of a job or job opportunities. Those who retired later than they had planned mentioned needing a salary to pay for day-to-day expenses.

• Sixty-three percent of Boomers have started receiving Social Security benefits prior to reaching full retirement age.

• Seventy percent of retirees report liking retirement “a lot.”

• Twenty-five percent of Boomers received an inheritance from their parents with an average value, before taxes, of $110,000.

The General Accounting Office (GAO) found that an annual drawdown of savings at an annual rate of 4%, coupled with a delay in Social Security, was a good strategy for Boomers to employ for retirement. The longer Social Security is delayed, the higher the monthly payment. Therefore, drawing down on savings first will ultimately lead to a higher monthly check from the Social Security Administration.

[1] P. Berg & A. Collins, Baby Boomers: Issues and Trends Summary Analysis Including Opportunities for the Aging Network, National Association of Area Agencies on Aging.

This is especially important lately to Baby Boomers who are starting to age and worry about their own futures. Their children are at the stage in life where they have their own concerns about career, money, and caring for their children.

It’s an ongoing process for every generation to worry about the welfare of their heirs and even costs of health care when they can’t take care of themselves. These concerns only grow as the complexities of health care costs continue to grow more troublesome and expensive.

During times of death or incapacitation, you also don’t want financial delays for your heirs if you can help it. In that regard, a living trust is possibly the greatest thing you can do for your family. The reason is a living trust doesn’t go through probate like wills do. This is important for a number of reasons, especially if you have debts to pay after death.

Paying Off Health Care Debts Immediately

LegalZoom points out the immediate benefits of living trusts based on the prospect that your heirs gain access to your assets in weeks rather than months or years with wills. Generally, more complex estates benefit greatly from living trusts because it distributes your assets to your beneficiaries quicker so you avoid court costs on probate. You simply choose a successor trustee who you have faith in to distribute your assets.

This places your immediate children or your other beneficiaries at an advantage to pay off your debts to clear your good name. It’s possible you were having elder care in an assisted living facility for years where you couldn’t afford all the payments. This might have created a debt problem, as well as unpaid hospital bills for any medical treatments.

While next of kin are responsible for your debts, you want your good name cleared. All your financial resources that were possibly locked up before are accessible so those debts get paid. In this regard, you can consider a living trust part of elder law, which is our legal focal point here at The Elder Care Firm.

What makes your living trust even more valuable is nobody in your family can contest it. It’s revocable, so you’re in control of it while alive, and your trustee is the only one controlling it after your death. This also saves court costs since contesting could go on for months or years, creating a massive legal bill.

But what about when you become ill or incapacitated? Is the living trust any good in a scenario where you’re alive, yet can’t communicate?

Taking Control of Your Assets During Incapacitation

Certain scenarios like suffering a stroke could place you in a situation where you’re alive, yet can’t speak for communicating on dealing with your estate. In most scenarios, having a durable power of attorney helps if you don’t have a living trust. Regardless, a living trust gives you complete power in this case so a trustee can handle your assets if you can’t. If you can still communicate in some way, you also wield power over who’s really in control.

The best thing is all financial concerns are easily ironed out through your trustee, even if you’re unable to do anything. After suffering a health event, this gives you peace of mind rather than stress during a time when you need to recover from illness.

Contact us here at The Elder Care Firm and we’ll work with you on putting together a living trust. It does take some time depending on how many financial accounts you have, yet it sets up your future for the welfare of your family.

The post A Living Trust Helps Create Less Stressful Transitions in Death or When Incapacitated appeared first on Estate Planning Lawyers | Elder Law Attorneys | Brighton | Novi | Livonia Elder Law Attorneys.

As an elder law attorney seeing the effects, it becomes more alarming every day seeing rising assisted living costs for the elderly here in Michigan and the rest of the United States. As Baby Boomers start to age, the demand for assisted living is going to rise exponentially over the next 10 to 15 years. The National Institutes of Health did a study on what the impact of the Baby Boom generation will have on health care by the time we reach 2030. Their statistics pointed to various important things that far too many people still haven’t taken into consideration.

At the top of the list in their analysis was families finding payment and insurance systems that assures quality care to supersede what’s available now. This was already a major warning on how what we’re doing today isn’t suitable for sustaining this major health care burden in the future.

Regardless, many of those born before 1946 are needing assisted living care as you read this. Those born in the 1920s or 1930s are in their 80s and 90s now, which is the prime age range when assisted living is necessary. Many of those people may need care, yet could live for another decade or more with proper assistance.

Within this concern are their children, or the current Baby Boomers. They have financial concerns of their own and worry about how they’ll afford assisted living for their parents. These concerns become undoubtedly more sobering when you read the statistics on costs.

Assisted Living Costs by the Day

It’s hard to imagine that assisted living is now in the three figures just for a day’s worth of care. LongTermCare.org has current numbers available, and it’s a reminder of how one day of living in an assisted facility costs $205. Over a month’s time, this is well over $6,000, which possibly exceeds even what your aging parent makes in a month from their retirement income.

The statistics above are just for a semi-private room in a nursing home with perhaps not the most inviting environment. An assisted living facility with one bedroom is a little cheaper, though it still comes out to well over $3,000 per month. This possibly exceeds what your parents make, meaning tapping other reserves if they have any.

It’s sometimes more affordable for care directly in the home, despite depending on how much care your parents need. Most home health aides charge within the $20 range per hour, so it’s still not cheap if your parents need assistance most of the day, and every day.

If you’re in a situation where this is the only option, it no doubt has you worried if you have to tap particular resources you wanted to preserve. In some cases, your parents may have financial resources, though they’re possibly locked up with no access.

With proper elder care planning, this doesn’t have to happen. An experienced elder care lawyer knows about hidden financial resources and advanced planning tactics so when the time comes for assisted living, it’s a smooth transition.

Elder Law Planning: How You Can Plan Now for Your Own Future

Hopefully you already planned for your own parents who need assistance now. Not that it’s necessarily too late to take care of things for them currently. However, you also need to think of yourself if you’re a possible Baby Boomer or even younger. All of us may need elder care once we reach our retirement years.

Through estate planning, the crafting of wills, plus income assistance benefits, many options are open for elderly people today. When these matters aren’t worked out in advance, chaos ultimately ensues, including being locked out of potential financial resources.

Here at The Elder Care Firm, we’re a leading elder care law firm that helps everyone plan accordingly so costs of assisted living don’t become the worst possible stress to life.

Contact us now so we can work with you on an elder care legal plan for your situation. You have more financial options than you think. We’ll help plan it this year so your own children won’t have the burden of worrying about your transition when you can’t care for yourself any longer.

The post Assisted Living Costs Keep Rising, Elder Law Planning Can Mitigate the Cost appeared first on Estate Planning Lawyers | Elder Law Attorneys | Brighton | Novi | Livonia Elder Law Attorneys.

More American family members are serving as caregivers for their loved ones than ever before.

According to a study by the Pew Research Center and the California HealthCare Foundation, 39 percent of adults were family caregivers in 2012, up from 30 percent in 2010.

There are multiple reasons for the increase. The number of older adults is increasing, and it will continue to increase as the Baby Boomers continue to age. In addition, many families are foregoing paid caregiving in a sluggish economy.

Modern medicine is extremely adept at keeping people with serious medical conditions alive; at the same time, the older adult population experiences more serious health problems than in the past. All of this means that more family members step in to provide care for their loved ones, who may collectively be sicker than elders in past generations.

According to AARP data from 2012, at least half of caregivers perform complex nursing care at home. Caregivers help with activities of daily living, but they also manage complex medication regimens, take elders to and from medical appointments, and perform nursing or medical tasks prescribed for the elder.

Overwhelmingly, research shows that older Americans would prefer to age at home or in other noninstitutional settings. But for aging in place to really work, a number of preparations must be made. An urgent health event can make staying at home impossible because of financial issues or practical concerns that cannot be remedied quickly enough.

According to Forbes Magazine, experts suggest that people who wish to age in their own residences begin preparing in their 50s and early 60s. Their preparations should include financial planning and possible home remodels that incorporate universal access design principles.

But thanks to technology, even families with members already in their 70s, 80s and 90s can take immediate steps to make life at home safer.

Philips has created a medication dispensing device that can be pre-loaded with up to 40 days’ worth of medication. The device gives verbal alerts when it is time for a dose, and it can telephone family members when a dose is missed. The system feeds data into an online portal that seniors and family members can view.

According to the American Association of Retired People (AARP), wearable health monitors are losing their “device stigma” as young people adopt wearables to track their own health. Companies like Lively are making devices that combine the cool of high-tech wearables with the functionality seniors need, including panic buttons, medication reminders and activity monitors.

For those willing to invest more, companies like GrandCare offer comprehensive systems that digitally connect a range of medical devices and activity detectors. GrandCare’s online health dashboard includes health data as well as video chat and shared calendars. Experts hope that systems such as these will one day eliminate the need for nursing homes or intensive in-home assistance in many cases.

Even with emerging technology, mindful financial planning and practical preparation of a residence still form the true foundation of a long-term ability to remain at home. An estate planning attorney – like those at Gilfix and La Poll Associates – can help families navigate planning issues, such as asset preservation for Medi-Cal eligibility. These and other planning tools can help families achieve peace of mind for the future.

Pioneers of Elder Law – For over 30 years, Gilfix & La Poll Associates LLP has innovated creative legal solutions to help you manage and plan the future of your estate.
To contact an estate planning lawyer visit http://www.gilfix.com/ or call 800.244.9424.

Co-housing is a growing trend among Baby Boomers, as the aging demographic works to delay the need to move into a nursing home.

There are as many as 78 million people between the ages of 49 and 67 in the U.S., and few of them report that they plan to end up in a nursing home unless it becomes unavoidable. While some of the Boomers are planning to move in with their adult children, many more are not choosing that option. And, with one out of every four Boomers childless, relying on adult children simply isn’t an option. For others, the increased likelihood that their adult children live thousands of miles away means that the one-third of the Boomers who are single are without established household companionship. But not, it seems, for long.

The Boomer generation, elder advocates say, is one not entirely adverse to the concept of communes and communal living. This has led to a growth in a number of living options centered around some concept of an arranged community. The variety of communal living can be found in everything from retirement “communes” and co-ops to collective housing and condominiums.

By 2030, it is expected that there will be at least 72 million people 65 and older in the U.S: 1 out of 5 people will be older than 65. Elder care advocates expect that the growing cohort will likely spur a growth of shared-interest communities. Communities could be structured around shared interests like dogs or music, or activities such as gardening or playing cards.

There are already a number of “lifelong learning,” secondary-education-based retirement communities in the U.S., close to five dozen situated near colleges such as Cornell and Dartmouth. And the growing number of 55-plus communities are already available in most major urban areas. Though generations living under one roof was once the norm, the migration across the country for work during the Depression Era, and the move to the suburbs in post World-War II era fractured the practice.

The aging population, combined with the economic downsizing of the past decade, seems to be reversing that trend: The Pew Research Center reports that between 2007 and 2009, there was a 10.5 percent increase in the number of multi-generational households. Meanwhile, not all of those multi-generational households are made of up people related to each other.

To learn more about our legal services, visit www.littmankrooks.com.

In contrast to the Eisenhower generation, which departed cities for the suburbs, Baby Boomers are following a trend typically lead by younger people, and moving closer to cities.

(Related: Long-Term-Care Insurance Dilemma)

A large number of boomers are empty nesters, and no longers have to consider school districts and yard sizes. As a result they are being drawn towards dense urban cores near restaurants, retail shops, movie theaters, and easily accessible public transportation.

Over a million baby boomers, between 2000 and 2010, moved from areas 40 to 80 miles from city centers, while a similar number moved to within 5 miles of city centers, according to an analysis of 50 large cities by the real estate brokerage Redfin.

(Related: Health Insurance Scams On The Rise)

However, a 2010 AARP survey found that 85 percent of people 50 to 64 would rather remain in their current residences, but the percentage does decrease with higher income — a relevant detail in places like the Washington region, where household income is double the national median. Those who move increasingly desire to live in places that they can walk and bike to nearby amenities.

(Related: Caregiver Burnout)

Through surveys of boomers’ preferences it has been revealed that they are more interested in “smart growth” areas than in sprawl. Considering how large of a generation boomers are, even if only a small fraction of them embrace city life, there could be dramatic effect.

Christopher J. Berry is a Michigan elder law attorney Dedicated to helping seniors, veterans and their families navigate the long-term care maze. To learn more visit http://www.theeldercarefirm.com/ or call 248.481.4000

According to the Health and Human Services Commission (HHSC), the 2014-2015 agency budget calls for a 16.84 percent increase in Medicaid spending. That would be $925 million total, and $372 million in General Revenue (GR), in order to fully over the cost for the approximately 60,000 Texas-based seniors and disabled individuals residing in nursing homes.

The Texas Health Care Association (THCA) was founded in 1950 as a long-term care association, comprised of most of the state’s licensed for-profit and non-profit assisted living facilities, skilled nursing facilities, and specialized rehabilitation facilities. The facilities represented by THCA provide full-time, comprehensive care for the chronically ill and disabled who need nursing care, and for short-term residents, rehabilitative health and therapy services. THCA represents almost 200 long-term care companies which provide services and products to the almost 3,000 Texas-based assisted living facilities and nursing homes.

More than 84 percent of nursing homes in Texas have reported that they are considering freezing wage increases for staff, while more than 81 percent are considering deferring expansion or renovation of their facilities, while more than 78 percent are choosing to not invest in new technology or the latest in therapeutic equipment; 75 percent reported that they may be forced to reduce or defer staff benefits; 31 percent may be laying off staff, and 18 percent may close their facility.

In numerous polls, both Republicans and Democrats typically support Medicaid-funded nursing homes for seniors at the level that state-level health administrators believe is needed for quality care. The issue of how to continue to fund those homes in the wake of benefit-reducing budget cuts and rising inflation is where opinions differ. While a rate increase for Medicaid and Medicare would help fund those facilities, so would privatizing more homes, making cost-cutting and quality a market-competitive issue.

Regardless of how the financial shift needs to be made in nursing home facilities in Texas and throughout the U.S., that change is becoming a more pressing issue, as the Baby Boomers continue to age and the “graying” of the U.S. population continues.

The Hale Law Firm believe the right solution to your estate planning, elder law, or probate needs can be identified in a free initial consultation with one of our attorneys and counselors at law. To learn more or to contact a Dallas estate planning lawyer, visit http://www.thehalelawfirm.com/ or call 972.351.0000

Boomer Generation Radio airs on WWDB-AM 860 every Tuesday at 10 a.m., and features news and conversation aimed at Baby Boomers and the issues facing them as members of what Rabbi Address calls “the club sandwich generation.” You can hear the show live on AM 860, or streamed live from the WWDB website.

The program featuring Dana’s interview can be heard by clicking the video link below.