Are you one of the millions of Americans over age 50 who has not yet started planning for long-term care?As financially responsible adults, most of us are prepared for some unexpected disasters – we pay for health and property … [Read more...]
Print This PageThe Reverse Mortgage Saga Part 6: “How One Reverse Mortgage Lender is Helping Americans Stay at Home”
June 8, 2012 by
I have chronicled the ups and downs of the reverse mortgage industry for the past five years. In 2010, I exposed two major problems with the reverse mortgage industry -- the “competency problem” and the “expense problem.”I … [Read more...]
Print This PageThe Reverse Mortgage Saga Part 5: “How the Farr Law Firm is Helping Clients Stay at Home”
June 1, 2012 by
“Presume not that I am the thing I was,” wrote William Shakespeare in the play, 2 Henry IV, reminding us that nothing stays the same.On the personal side, we all change over time; our families and our other assets grow and … [Read more...]
Print This PageUsing a Reverse Mortgage to Pay for Home Care
January 30, 2010 by
Many of my clients ask me how I feel about reverse mortgages, and even more so this past week because of a favorable story that appeared in last week's Washington Post entitled "Reverse Mortgages are Not the Next Subprime." This … [Read more...]
Print This PageDid you see last Sunday’s Washington Post article?
November 6, 2009 by
Did you catch last Sunday's Washington Post article by David Hilzenrath, about the October bankruptcy filing of Erickson Retirement Communities? My phone has been ringing all week with people concerned about this news, because … [Read more...]
Print This PageUpdate on Virginia Life Estate Law
July 8, 2009 by
In June of last year, I wrote that "in the near future, life estates will no longer be considered exempt assets when applying for Medicaid." This was due to the fact that the Virginia General Assembly had recently passed … [Read more...]
Print This PageCCRC Resident Fights Move to Increased Level of Care
April 9, 2007 by
An 88-year-old California widow is challenging an attempt by her continuing care retirement community (CCRC) to move her from her private apartment to an assisted living unit. If she is successful, the outcome could set a legal … [Read more...]
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