Oast Hook | Law Firm Newswire

Virginia Beach, VA (Law Firm Newswire) April 30, 2015 – Although long-term care insurance is beneficial for some people, purchasing such a policy also has notable downsides, including the high cost of premiums and the limitations on coverage. “People are living longer than ever and using long-term care for longer periods of time than in the past. So long-term care insurance has become very expensive, and the benefits are often inadequate,” said Andrew H. Hook, a Virginia elder law attorney with Hook Law Center, a firm located in Virginia Beach and northern Suffolk. Nursing home care can be prohibitively expensive, […]


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Virginia Beach, VA (Law Firm Newswire) April 10, 2015 – During retirement, seniors are typically operating on a much tighter budget than they were during their working years. This is especially the case when major life events, such as an early retirement or a health problem, have made finances tighter. Downsizing can be an important strategy for making retirement funds stretch farther, and there are a number of different methods. “It is important for seniors to evaluate their particular financial situation in order to make smart decisions about what should stay and what should be altered,” said Andrew H. Hook, […]


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Virginia Beach, VA (Law Firm Newswire) March 16, 2015 – As seniors age and develop health problems, changes to living spaces and new strategies for performing day-to-day tasks can facilitate aging in place. A project called Community Aging in Place, Advancing Better Living for Elders (CAPABLE) sought to prove the effectiveness of these strategies in keeping seniors at home. “Often, small changes to seniors’ current living situations can allow them to stay at home for months or years longer, even if they are facing a new health problem,” said Andrew H. Hook, a Virginia elder law attorney with Hook Law […]


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Virginia Beach, VA (Law Firm Newswire) March 3, 2015 – People who care for their aging parents or other relatives from a distance must overcome additional obstacles that require careful planning. “Caregiving can take many forms, and children who act as caregivers from another city or state often face high expenses and difficulty knowing when to intervene, on top of the usual burdens of caregiving,” said Andrew H. Hook, a Virginia elder law attorney with Hook Law Center. Increasingly, children who live hours away from their parents take on the responsibility of making health care and housing decisions for their […]


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Virginia Beach, VA (Law Firm Newswire) February 19, 2015 – Whether at a slow or a fast rate, Alzheimer’s disease inevitably progresses, and patients lose their functional capacity. As this process occurs, caregivers are faced with a number of difficult decisions. “Alzheimer’s caregivers are faced with ensuring care for their loved one while also preserving his or her independence and quality of life as much as possible,” said Andrew H. Hook, a Virginia elder law attorney with Hook Law Center, with offices in Virginia Beach and northern Suffolk. One choice that often comes up relatively early is whether or not […]


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Virginia Beach, VA (Law Firm Newswire) February 3, 2015 – As medical technology advances, people with serious illnesses or advancing age are faced with a wide range of challenging decisions. Should mechanical ventilation be used to keep the patient breathing? Should a feeding tube be used to maintain nutrition? When should life-sustaining treatments be withdrawn? How aggressive should treatment attempts be? “With more than six million Americans living with chronic illness, and the number set to grow in coming years, palliative care plays an ever increasing role in maintaining the quality of life of people with chronic diseases, particularly older […]


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Virginia Beach, VA (Law Firm Newswire) January 16, 2015 – It is often necessary for individuals to cut down on their expenses once they retire. Planning to reduce or cut out certain expenses can be an important part of a retirement plan, improving a person’s financial security without requiring them to cut out vital resources. “Many times, expenses that were reasonable while one was working do not make sense after retirement,” said Andrew H. Hook, a Virginia estate planning attorney with Hook Law Center, which has offices in Virginia Beach and northern Suffolk. Many people can save on transportation and […]


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Virginia Beach, VA (Law Firm Newswire) January 9, 2015 – As parents age, a wide range of challenging subjects arise, including the need to care for a parent with ailing health. The difficulty associated with these subjects and the changing nature of the relationship between older parents and their adult children can make communication a challenge. Learning how to talk to older loved ones about difficult subjects can help ensure that important issues are addressed and conflict is minimized. “How families approach these challenging subjects plays a big role in whether or not a resolution is found,” said Andrew H. […]


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Virginia Beach, VA (Law Firm Newswire) January 2, 2015 – Emotions can play a substantial role in making decisions about long-term care. Planning after seeing a loved one decline in health may drive some people to seek long-term care insurance, but they should also consider their finances rationally. “Planning for long-term care means accepting that your health may decline to the point that you can no longer care for yourself,” said Andrew H. Hook, a Virginia elder law attorney with Hook Law Center. Often, people avoid thinking about long-term care because they would like to believe that they will never […]


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Virginia Beach, VA (Law Firm Newswire) December 29, 2014 – Assisted living facilities are designed to provide residents with help with daily activities while allowing them to retain their independence as much as possible. As a person considers moving to an assisted living facility, he or she should thoroughly research the options in order to choose a facility that best meets all needs. “One of the most important things to consider is what kind of assistance you will need. Cooking, using the restroom, bathing, dressing, and managing medications are common areas of assistance,” said Andrew Hook, a Virginia elder law […]


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Virginia Beach, VA (Law Firm Newswire) December 23, 2014 – As individuals age and live with chronic illnesses, their medical and personal care needs can become complex. Geriatric care management services help older adults and their loved ones coordinate all aspects of care. “Geriatric care managers have extensive knowledge of elder issues and the resources in the community. They can help seniors and their loved ones find and access needed services,” said Andrew Hook, a Virginia elder law attorney with Hook Law Center, which has offices in Virginia Beach and northern Suffolk. Broadly speaking, a Geriatric Care Manager’s (GCM) role […]


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Virginia Beach, VA (Law Firm Newswire) November 13, 2014 – Parents and grandparents who want to incorporate college savings into their financial planning can do so with a 529 college savings plan, a special savings account designed for higher education expenses. “In this era of ever-rising tuition, college savings should take higher priority than in the past,” said Andrew Hook, an estate planning attorney in Franklin, Virginia. “A 529 plan can be a part of that financial planning.” A 529 savings account allows account holders to save money over time, then withdraw from the balance tax-free for education-related expenses. Qualified […]


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Virginia Beach, VA (Law Firm Newswire) October 20, 2014 – Speaking to older parents about challenging subjects, including finances or the need for assisted living, can be stressful for both parties. Small disagreements can take on enormous significance, and overall communication can break down. Although there is no way to eliminate the stress inherent in such difficult discussions, good communication techniques can help parents and their adult children navigate their challenges effectively. “When adult children learn how to communicate with their aging parents, both the parents and children can appreciate one another and connect during the final stages of the […]


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Virginia Beach, VA (Law Firm Newswire) October 13, 2014 – President Barack Obama recently announced 19 new steps to expand veterans’ access to mental health care. The expansion follows a serious government scandal uncovered earlier this year. The Department of Veterans Affairs (VA) was caught hiding lengthy delays in health care access for veterans, including months-long waits for appointments. Eric Shinseki resigned as head of VA as a result. Last month, Obama signed a $16.3 billion bill to improve veterans’ access to medical care and other VA issues. “PTSD and suicide are monumental problems affecting the veteran population,” said Andrew […]


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Virginia Beach, VA (Law Firm Newswire) August 26, 2014 – Sometimes, one of the partners constructing a prenuptial agreement is a business owner. Typically, the document will then be designed to ensure that preexisting assets are completely protected in case of divorce. This often leads to restrictive prenuptial agreements that keep all preexisting assets separate. Unfortunately, that safe, restrictive prenup can prevent the surviving spouse from receiving assets upon the other spouse’s death. “A prenup is essential for protecting your assets in case of divorce, but it doesn’t always account for problems that may occur if you were to die,” […]


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Virginia Beach, VA (Law Firm Newswire) July 29, 2014 – Employers who offer 401(k) retirement savings accounts are increasingly providing the option of a Roth 401(k). This presents workers with the same question that IRAs do: which to choose, traditional or Roth? According to a prominent Virginia estate planning attorney, the choice depends on individual circumstances, but Roth 401(k)s may generally offer greater tax flexibility. “When an employer offers the option of contributing to both a traditional 401(k) and a Roth 401(k), it can be wise to make at least some Roth contributions,” said Andrew Hook, an attorney with the […]


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Virginia Beach, VA (Law Firm Newswire) June 5, 2014 – Personal finance website Bankrate.com has ranked Virginia as the 10th best state in the country in which to retire. The top three spots went to South Dakota, Colorado and Utah. New York was ranked as the worst state for retirees. Bankrate based its rankings on a number of factors, including health care quality, cost of living, taxes, crime rates and amount of sunshine. Virginia’s relatively low crime rates, reasonable cost of living and moderate taxation earned it its high rank. “Virginia is a great state for retirees,” said Andrew Hook, […]


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Virginia Beach, VA (Law Firm Newswire) January 23, 2014 – Prospects for Medicaid expansion in Virginia got a boost in the recent gubernatorial election, but they are still far from definite. Democrat Terry McAuliffe won the November 2013 election after campaigning on a promise to support the expansion of Medicaid spelled out in the Affordable Care Act (ACA) or “Obamacare.” But his role will, for the most part, be limited to the bully pulpit, urging state legislators to adopt the optional low-income health care expansion. “Expanding Medicaid would greatly help many elderly and low-income individuals and families in Virginia,” said […]


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Virginia Beach, VA (Law Firm Newswire) December 11, 2013 – A recent survey indicates many U.S. veterans are uninformed about the advantages and disadvantages of delaying or hastening the start of their Social Security benefits. The survey, commissioned by financial publishing firm Kiplinger, found that more than 70 percent of veterans either underestimated the reduction in Social Security income incurred as a result of claiming benefits early, or admitted they did not know the costs. Moreover, nearly 90 percent did not realize the increase in benefits they could receive by delaying the onset of payments. Veterans’ law attorney Andrew Hook […]


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Virginia Beach, VA (Law Firm Newswire) December 4, 2013 – A senator and a prominent doctor joined together to call for a doubling of the amount the U.S. government spends on research into Alzheimer’s disease each year. Senator Susan Collins is the senior senator from Maine and Co-Chair of the Senate Alzheimer’s Task Force. Ronald C. Petersen, M.D., Ph.D., is the director of the Alzheimer’s Disease Research Center at the Mayo Clinic. The pair co-authored an article on the disease in a recent issue of Parade magazine. Virginia elder law attorney Andrew Hook agreed with the senator and doctor’s recommendation. […]


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