Resources For Aging Well

You might not have thought much about beneficiary designations but they can play a big role in your estate planning.            When you purchase insurance policies and open investment accounts, such as your IRA, youll be asked to name a beneficiary, and, in some cases, more than one. This might seem easy, especially if you have a spouse and children, but if you experience a major life event, such as a divorce or a death in the family, you may need to make some changes because beneficiary designations carry a lot of weight under the law.            In fact, these designations can supersede the instructions you may have written in your will or living trust, so everyone in your family should know who is expected to get which assets. One significant benefit of having proper beneficiary designations in place is that they may enable beneficiaries to avoid the time-consuming  and possibly expensive probate process.             The beneficiary issue can become complex because not everyone reacts the same way to events such as divorce some people want their ex-spouses to still receive assets while others dont. Furthermore, not all the states have the same rules about how beneficiary designations are treated after a divorce. And some financial assets are treated differently than others.            Heres the big picture: If youve named your spouse as a beneficiary of an IRA, bank or brokerage account, insurance policy, will or trust, this beneficiary designation will automatically be revoked upon divorce in about half the states. So, if you still want your ex-spouse to get these assets, you will need to name them as a non-spouse beneficiary after the divorce. But if youve named your spouse as beneficiary for a 401(k) plan or pension, the designation will remain intact until and unless you change it, regardless of where you live.            However, in community property states, couples are generally required to split equally all assets they acquired during their marriage. When couples divorce, the community property laws require they split their assets 50/50, but only those assets they obtained while they lived in that state. If you were to stay in the same community property state throughout your marriage and divorce, the ownership issue is generally straightforward, but if you were to move to or from one of these states, it might change the joint ownership picture.            Thus far, weve only talked about beneficiary designation issues surrounding divorce. But if an ex-spouse or any beneficiary passes away, the assets will generally pass to a contingent beneficiary which is why its important that you name one at the same time you designate the primary beneficiary. Also, it may be appropriate to name a special needs trust as beneficiary for a family member who has special needs or becomes disabled. If this individual were to be the direct beneficiary, any assets passing directly into their hands could affect their eligibility for certain programs.              You may need to work with a legal professional to sort out beneficiary designation issues and the rules that apply in your state. But you may also want to do a beneficiary review with your financial advisor whenever you experience a major life event, such as a marriage, divorce or the addition of a new child. Your investments, retirement accounts and life insurance proceeds are valuable assets and you want them to go where you intended.  Chad Choate III, AAMS828 3rd Avenue WestBradenton, FL  34205941-462-2445chad.choate@edwardjones.com  This article was written by Edward Jones for use by your local Edward Jones Financial Advisor.  Edward Jones, Member SIPC

Jerry F. Nichols is a stellar example of continuing to work and support his community long after many have retired.At age 79, he continues to serve as full-time executive vice president of Brown & Brown Insurance and financial representative for Northwestern Mutual. Also, for many decades, Nichols has quietly set an inspiring example through philanthropy, dedicated to improving the lives of children and working adults in Southwest Florida.Combining his career success and philanthropy is something Nichols was recognized for five times by the Northwestern Mutual Financial Network. Nichols was also named a Junior Achievement Hall of Fame Laureate, which honors influential, visionary leaders who have significantly impacted the educational landscape for youth in Southwest Florida in entrepreneurship, work readiness and financial literacy.Late last year, Nichols solidified this commitment to the community by making the first major donation to Healthcare Networks capital campaign. This donation will support the construction of the nonprofit organizations planned 20,000-square-foot health center in the Orangetree area of Golden Gate Estates, ensuring essential access to affordable healthcare for the community.The Orangetree area has grown over 75% in the last several years, which makes the lack of healthcare services alarming, said Jamie Ulmer, Healthcare Network president and CEO. Jerrys continued support of our mission is a testament to his generosity and commitment to making Collier County a healthier place for everyone.Located in northeastern Collier County between Ave Maria and Golden Gate, the planned health center is projected to provide care to nearly 30,000 patients in its first year. The array of comprehensive services will include pediatrics, adult and senior care, obstetrics and gynecology, dental care, x-ray and lab, behavioral health counseling and a drive-thru pharmacy.I believe health care is vital to keeping any community thriving, Nichols said. Everyone should have access to essential primary care services. Supporting the construction of the new health center means that Orangetree residents, including vulnerable children and seniors, have access to affordable and comprehensive care without needing to leave their own community.In 2018, Nichols received Healthcare Networker of the Year Award for his pivotal role in supporting the improvement of pediatric care in Collier County for thousands of area children. Then, he was recognized as the lead donor for the Nichols Community Health Center, a 50,000-square-foot primary health care facility in the heart of the Golden Gate community that opened in 2020. This center significantly enhanced essential healthcare services for the largest underserved population in Collier County. Along with the Nichols Pediatric Center at the YMCA of Collier County, it reinforces Nichols vision of making quality healthcare accessible to all children and their families in Southwest Florida.Nichols has not only made financial contributions but has also dedicated his time to numerous causes, primarily focusing on local children and education. Some of the many not-for-profit organizations supported by him include the Boys and Girls Club of Collier County, Junior Achievement of Southwest Florida, the Community Foundation of Collier County, the Ronald McDonald House of SWFL, and Healthcare Networks Ronald McDonald Care Mobile. In addition, Nichols provides support to various Lee Health programs, including Golisano Childrens Hospital, Golisano Childrens Health Center in Naples, and Golisanos Pediatric Behavioral Health Center in Bonita Springs.  I have focused my efforts and financial support on organizations that have an impact on childrens lives through education, access to health care, and safe environments that help them grow and develop into their full potential, Nichols said. When children arent healthy, theyre not reaching their full potential.   Healthcare Network is actively seeking contributions for its capital campaign with the goal of raising $15 million. Community support is pivotal to achieving this goal and ensuring that every resident in Collier County has access to essential primary care services. Visit HealthcareSWFL.org to learn more about Healthcare Network's mission and contribute to the capital campaign. By Gabrielle OBoyle, director of public relations and marketing, Healthcare Network

This month, we shine our Employee Spotlight on Community Relations Manager, Jerry Gorman!Jerry is a senior living professional with over 35 years of sales, marketing, operations, and management experience. He is a servant-driven leader focused on helping his clients live their best lives by understanding their needs and exceeding their expectations.Jerry most recently worked in Senior Living as a Community Sales Director and Executive Director for many years before joining HomeWell Care Services in June of 2022 as the Community Relations Manager serving the North Dallas area.His responsibilities include creating positive brand awareness, networking with professional organizations, building relationships with senior living communities, churches, rehabilitation centers, adult senior centers, hospitals, and more that will result in long-lasting community partnerships, and keeping our home care services top of mind within the community we serve.Thank you, Jerry, for being an amazing professional. You are an asset to our companys continuing growth and make a difference in the lives of your clients and HomeWell Care Services Plano, TX! If you or an aging loved one are considering home care in Plano, TX, contact the caring staff at HomeWell Care Services Plano TX today!Call (469) 596-6500HomeWell Care Services Plano TX is a Trusted Home Care Agency serving Plano, Allen, McKinney, Frisco, Richardson, Garland, Little Elm, Prosper, and the surrounding areas.

Helping older loved ones maintain quality of life and thrive is paramount for family caregivers. A major aspect of bolstering the quality of life for older loved ones is finding activities that are fun, engaging, and bring a sense of fulfillment into their lives. If the individual isn't as mobile as they used to be, however, finding activities that will work can be challenging. While physical activity may be restricted, there are still many enjoyable hobbies and pursuits that can keep loved ones engaged, mentally stimulated, and connected to the world around them.Ideas for Activities for Older Adults With Limited MobilityArt and Crafts: Engaging in artistic endeavors fosters self-expression and offers a sense of accomplishment and relaxation. Break out art supplies like watercolor paints, knitting materials, stamps and ink, etc., and make something together.Reading and Audiobooks: For those who enjoy diving into a good book, reading or listening to audiobooks can transport them to different worlds and stimulate their imagination. Consider setting up a cozy reading nook with comfortable seating and good lighting. For added companionship, find a book that you can read to or with the person and have a personal book club.Puzzles and Games: Whether it's crossword puzzles, Sudoku, or board games, mentally stimulating activities can help keep the mind sharp. They are also easy for people of all mobility levels to enjoy. Choose games that cater to their interests and abilities, and enjoy quality time together.Gardening: For nature lovers, gardening can be a therapeutic and rewarding activity, and it doesnt have to involve kneeling, bending, or stooping. Tall container gardens allow people with limited mobility to garden while standing or seated. Indoor plants can also be potted while seated at a table, allowing for the beauty of nature to be enjoyed inside.Virtual Tours and Travel:Thanks to modern technology, older adults can explore the world virtually through online tours and travel documentaries. From famous landmarks to exotic destinations, there's a wealth of virtual experiences waiting to be discovered from the comfort of home.Real World Travel:For those who wish to travel in real life, there are a number of travel agencies whose sole purpose is to help people with limited mobility see the world. Research mobility-friendly travel companies to find one that meets the persons needs and preferences.Music and Dance:Music has a powerful ability to uplift the spirit and evoke cherished memories. Encourage the individual to listen to their favorite songs or even participate in seated dance exercises to stay active and energized.Cooking and Baking:The kitchen is a great place to get creative and bond with loved ones of all abilities. Cooking together allows you to try out new recipes, provides a sensory experience, promotes social interaction, and stimulates the appetite.Enjoying the Great Outdoors: Staying active and getting out in nature is beneficial for the body and mind. Search for paved hiking trails and walking paths in your area that can accommodate wheelchairs, walkers, and other adaptive equipment to ensure that everyone can have an enjoyable experience. You can also visit local botanical gardens that make enjoying the outdoors even more accessible.Take in a Show: Taking in a matinee is a great way to spend an afternoon. Whether its a new blockbuster at a local movie theater, a community play, or even just a movie marathon on the couch, watching something together is a fun and easy way to enjoy a little bonding time.While life with limited mobility may pose some challenges, it doesnt have to be any less fulfilling. And with the help of a trusted referred care provider from CareTime, American, Advocate, and Whitsyms In-Home Care, older loved ones can stay active and engaged in the ways they enjoy most.Contact us today to find out more about how home care services can help implement a variety of activities for older adults with limited mobility and ensure safety and accessibility. Click the link to the location nearest you below:American In-Home Care  Serving North, Central, and West Coast of FloridaAdvocate In-Home Care  Serving Southeast and Southwest FloridaWhitsyms In-Home Care  Serving Southeast and Southwest FloridaCareTime  Serving Ocala, Florida and the Surrounding AreasState of Florida License and Registration Numbers: 30211518, 30211651, 30211295, 30211390, 30210978, 30211293, 30211382, 30211504, 30211733, 30211535, 30211531, 30211710, 30211709, 30211045, 30211751