Lisa Marie Presley & The Rise And Fall Of The Elvis Estate

Lisa Marie Presley, daughter of the “King of Rock ‘n’ Roll, Elvis Presley, had a charmed childhood. Subsequent to her father’s death, the estate of Elvis Presley, was discovered to be cash-poor and in debt. Her mother, Priscilla Presley, as one of the executors of Elvis’ estate, assumed primary management of the estate and formed EPE, Elvis Presley Productions which manages Elvis image rights and royalties and turned Graceland into a tourist attraction, all of which generated $100 million by 1993 when Lisa Marie Presley reached the age of majority. Lisa Marie created her own revocable trust and appointed others Continue Reading

Supplements Won’t Prevent Dementia. But These Steps Might.

The food and drug administration estimates that 80% of older adults rely on dietary supplements, many purporting to prevent or treat alzheimer’s and other forms of dementia. In Februay, the FDA cracked down on this burgeoning market by sending warning letters or advisories to 17 companies selling about 60 supplements. in lieu of supplements, three steps are recommended to slow cognitive decline: increased physical activity, blood pressure management and cognitive training. for the complete article, folllow our link to the New York Times. Scientists still have no magic shield against Alzheimer’s disease and other dementias. Yet there is evidence that Continue Reading

Medford musician fights eviction from home of 70 years

Joe Lentino, retired trombonist, took a reverse mortgage in 2007 to settle some debts. When he began unemployed, he missed some tax payments on his house. Many seniors in Massachusetts face difficulty in paying their property taxes due to rising home values and fixed incomes; many Massachusetts communities offer tax relief through tax deferral programs in which lets homeowners over age 65 postpone paying taxes until after their houses are sold. The mortgage company refuses to sign-off on Lentino’s tax-deferral request which has left Mr. Lentino in limbo. He is currently waiting to move to Medford’s senior housing. The fate Continue Reading

Startups focusing on aging have a home in new Kendall Square incubator

Agency, a new business incubator located in Kendall Square, is attracting an intergenerational mix of entrepreneurs who are working on projects that make aging less disruptive and more fulfilling for older adults. Agency wants to accelerate the velocity of progress with the aim of commercializing products and services to help the world’s aging populations and their families and care partners. For more information, follow our link to the Boston Globe. The name of Boston’s Commission on Affairs of the Elderly has been officially changed to the Age Strong Commission. By Robert Weisman | Boston Globe. CAMBRIDGE — Business incubators tend Continue Reading

How to get your digital affairs in order

You need to plan ahead in order to preserve your digital assets. You should make a list of your online accounts including email, social media, cloud storage, financial accounts, rewards programs and auto-billed subscriptions; leave instructions of your wishes regarding these accounts. If you use Google, set up the Inactive Account Manager. If you have a Facebook account; you should leave instructions on whether you would like your account permanently delete or appoint a legacy contact to maintain your memorialized account after your death. Protect your passwords – take an inventory or log-in credentials for your accounts. You can also Continue Reading

Who are you calling senior? For older folks, some terms are fast becoming radioactive

As boomers age, many object to being labeled as “senior citizen” or “elderly” which convey the negative aspects of growing old. The AMA (American Medical Association) is following the lead of the American Geriatrics Society; both have adopted “older adults.” Others have shortened older adult to simply “olders” or “perennials” a sly nod to millennials. For the complete article, follow our link to the Boston Globe. The name of Boston’s Commission on Affairs of the Elderly has been officially changed to the Age Strong Commission. By Robert Weisman | Boston Globe. Jill Tapper knew she’d made a mistake at the Continue Reading

Older people don’t get enough help, study says

John Hopkins University released results from their recent study which focused on how older adults respond to changes in physical function. One third of older adults who live in the community, nearly 13 million seniors, have a substantial need for assistance with daily activities such as bathing, eating, getting dressed, using the toilet, transferring in and out of bed or moving around their homes. In addition to using assistive devices like canes, raised toilets and shower seats, the study showed increasing need for paid/unpaid help in the older population. Sixty percent of seniors surveyed used at least one device; this Continue Reading

Falls Can Kill You. Here’s How to Minimize the Risk.

We’ve all seen the commercial of the woman lying on the kitchen floor crying out “I’ve fallen and I can’t get up” but fall are no laughing matter. In adults 65 years of age and older, Falls are the leading cause of fatal and nonfatal injuries. One fall in five among older adults results in a serious injury; older people are less able to recover from the physical and emotional trauma of a fall. Minimize your chances of a dangerous fall by having regular exercise, eye and hearing exams and review medications for their ability to cause dizziness or drowsiness. Continue Reading

The end may not be near, but you still need a will

According to a 2017 survey, only 36% of American adults with children under 18 have estate plans – estate plans include documents like wills, power of attorney and health care proxy. In Massachusetts, if you die without a will, your property is subject to intestate succession laws where the state divides your assets to your heirs as defined by state law (spouse, children, siblings, parents, cousin etc.) in predetermined amounts and percentages. A will is a document that states what should happen to your property upon your death. For the complete article, follow our link to the Boston Globe. Continue Reading