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May 2025
AVOID BECOMING A TARGET PLANNING AHEAD Estate Planning | Probate | Guardianships for Your Life Chapters How Elder Law Can Shield You From Fraud and Exploitation
While we like to imagine we’ll remain mentally sharp and physically fit as we grow older, no one really knows how the aging process will affect them. Some of us could experience symptoms of dementia, making everyday actions challenging. We could also have more difficulty with memory, problem-solving skills, and more. When this happens, we can become prime targets for exploiters. According to the FBI, people over age 65 are the most vulnerable to financial exploitation. Exploiters frequently target older people whom they perceive to be more vulnerable and trusting. This is especially true when the older person starts showing signs of dementia. We hear about a lot of telephone scams or lottery scams, but mostly confidence scams. For example, we’ve seen many cases where the “caregiver” ends up being the exploiter.
The exploiter begins building a relationship over time, gaining trust. This is exacerbated when the person needs physical assistance. Once trust is established, the exploiter begins taking money. Sometimes, at the urging of the exploiter, prior estate planning is revoked, and new documents are signed, putting the caregiver in place over family members. Sometimes, the exploiter is the one who brings about family estrangement by saying things like, “Your daughter just wants to put you in a nursing home.” People over 65 who don’t have adult children or other family members to care for them are sometimes called “elder orphans” or “solo agers.” Whether they live alone or in an assisted living facility, these people face a unique situation. They must be more cautious about everyone entering their lives to help ensure they don’t fall victim to scams. A recent article in the first quarter of 2025 NAELA News provides a list of the steps you can take to help protect against scams: • Designate a trusted contact with brokerage or financial accounts. • Create powers of attorney naming trusted agents. • Create a trust and put assets into the trust and name a trusted person as the successor trustee or name a trust protector who can immediately intervene. • Use the Social Security Advance Designation to appoint a trusted person as a representative payee before the need arises.
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• Place a freeze on Social Security numbers with every credit bureau. • Move residence to a gated 55-plus community with on-site support and services. • Draft a letter of intent for future care and provide a copy of agents and trusted contacts. • Organize financial records and provide a list of financial institutions (My book “My Last Gift” can help with this step). • Inventory personal property and provide a list to trusted contacts. • Designate trusted contacts on HIPPA releases to specify who can obtain medical records. • Maintain an active social life as exploiters prefer to target isolated individuals. For those who do not have trusted family, you can research having a professional trustee and fiduciary.
For those who do have trusted family, it is important to maintain regular contact with your loved ones and make in-person visits regularly. If you’re approaching your
senior years, now is the perfect time to start advance planning for the future. Then, maintain those good relationships.
- Kim Boy er
Long-Term Care Costs Continue to Rise
The demand for long-term care services in the U.S. is on the rise, primarily due to a growing senior population. Projections indicate that the number of Americans aged 65 and older will increase from 58 million to about 82 million by 2050. This demographic shift is expected to strain existing long-term care infrastructure and resources. At the same time that the over-65 population is increasing, the U.S. is experiencing a significant shortage
of health care professionals specializing in geriatric care. There were approximately 7,400 board-certified geriatricians, but an estimated 30,000 will be needed by the end of the decade to adequately serve our aging population. This shortage extends to nursing staff as well. The costs associated with long-term care have been escalating, placing a substantial financial burden on individuals and families. This upward trend in long-term care costs is influenced by several factors, including increased demand for services, staffing shortages, and higher operational expenses. According to Genworth, the average cost of assisted living in Nevada was over $10,000 per month last year. Planning for long-term care and figuring out how to pay for it can seem daunting. However, investing in long- term care insurance or taking other advance steps may lessen the burden of these ever-rising costs. If you have any questions or want to schedule a free consultation, contact us today!
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The brain is like a command center for our bodies; it processes everything, from memories to emotions. Our happiness, cleverness, and general well-being require us to take good care of that gray matter. If we give it what it needs, it will serve us well. Here are a few tips anyone can incorporate into their routine When you transition from asleep to awake in the morning, your brain waves steadily transition from alpha to theta to beta. So, don’t reach for your phone when you open your eyes first thing. Doing so interrupts your brain’s essential waking process, resulting in a slew of adverse effects throughout the day, including making it harder for you to think creatively, among other things. Stop negative self-talk. to give their brain some TLC. Keep the phone out of bed. relationships. It undermines positive self-esteem, confidence, and body image. The cyclical nature of negative self-talk makes it hard to get rid of, often requiring therapy, but cognitive behavioral therapy (CBT) is a standard and effective treatment. Avoid ultra-processed foods. Ultra-processed foods aren’t just bad for your heart; they also harm your brain. Hot dogs, sugary sodas, and TV dinners — just a few culprits — harm emotional and cognitive health. One study found that people who eat these things are more likely to have depression and anxiety. Another study correlated high ultra- processed food consumption with an intelligence decline, especially with aging. It’s unclear why ultra- processed foods are so bad for brains, but the leading theory connects it to gut health. Regardless, abstaining from or reducing your intake of these foods is vital to protecting your mental and physical health. We’re our own worst critics. Doubting and discouraging ourselves is easy, but pushing away negative self- talk is imperative. It leads to stress and overwhelming perfectionism while harming With These 3 Simple Practices SAFEGUARD YOUR BRAIN HEALTH
CREAMY CHICKEN CARBONARA Inspired by TheKitchn.com
Ingredients
• 12 oz spaghetti or linguine • 1 boneless, skinless
• 3 oz Parmesan cheese • 4 oz pancetta or bacon, diced • 2 cloves garlic, minced • 1/2 cup pasta water • 1 tbsp chopped parsley, optional
chicken breast, sliced (8 oz)
• Salt and pepper • 1 tbsp olive oil • 4 large eggs
Directions 1. Cook pasta in boiling water until al dente. Save 1/2 cup of pasta water, then drain. 2. Season chicken with salt and pepper. Heat olive oil in a pan over medium heat, and cook chicken until golden and fully cooked. Remove chicken. 3. In a bowl, mix eggs and Parmesan cheese until smooth. 4. Add pancetta to chicken pan, cook until crispy, then stir in garlic and cook for 30 seconds. 5. Toss pasta with pancetta, then remove from heat. Stir in egg mixture, adding reserved pasta water gradually until creamy. 6. Mix in chicken and garnish with parsley before serving.
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Inside 1 Elder Law Can Shield You From Fraud and Exploitation 2 Long-Term Care Costs Continue to Rise 3 Essential Steps to Ensure Your Mental Well-Being Creamy Chicken Carbonara 4 Celebrate National Creativity Day With Your Canine Companion
COCO’S CORNER Celebrating National Creativity Day With Your Canine Companion
People don’t often mention dogs and creativity in the same conversation, but many of us constantly explore new ways to make our family smile and laugh!
That’s where our creativity shines. National Creativity Day takes place on May 30, and it’s a great time to explore your own creative side. The kids love to paint and draw. Sometimes they even make art just for me! That warms my heart. Look at this beautiful drawing. When the kids draw, any feelings of stress just fade away. It makes me feel happy, happy, happy. Many of you already have a creative outlet you enjoy. Now is a great time to use your creativity and let it shine through a specific project. If you’ve been waiting for the perfect
moment to write a book or paint a beautiful work of art, let this be your moment!
While you’re exploring creative outlets, don’t forget to include your trusty canine companions! While we might not be able to hold a paintbrush or provide feedback on your novel, we can be a great source of inspiration. You may even want us to be the model for your next work of art!
Coco
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