For aging residents of New York, preparing for the future doesn't always just mean planning for future generations. Beyond wills, trusts and beneficiaries, one oft-overlooked aspect of elder care planning is that of an advance health care directive. What, exactly, is...
Preserving & Protecting Your Family’s Assets & Legacy
Year: 2017
Few have advance health care directives, despite known importance
From Medicaid to living wills, one would be hard-pressed to find anyone who claimed planning for end-of-life care in New York isn't important. However, admitting an issue is imperative and actually taking steps to address it are two separate things. Despite the fact...
Medicaid planning for nursing home and home health care expenses
Often, as individuals age, the responsibility for their care falls to family members. In fact, there are approximately 44 million unpaid family caregivers in the U.S., and residents of New York are no exception to these statistics. The downside of this is that,...
Basic elements of estate planning for elderly New Yorkers
Unsurprisingly, over 30 percent of Americans polled would prefer to do almost anything else if doing so means avoiding a conversation about their wills or estate plans. While some older residents of New York may already have the legal documentation in order, others...
Executing powers of attorney for later means peace of mind now
No caring New York family wants to entertain the thought of a time when their elderly loved ones may become unable to make communicate their wishes for the health care they wish to receive or, in some cases, forego. Additionally, few individuals wish to consider...
The importance of timely asset protection planning in New York
Far too often, aging New York residents reach what are supposed to be the golden years only to find themselves instead facing the need for long-term care that is prohibitively expensive. Since few have the necessary cash readily available to pay the high cost of this...
Don’t put off Medicaid planning in New York until it’s too late
A substantial portion of the elderly population in the U.S. ends up relying on nursing homes for care in their later years. For this considerable expense, aging residents of New York may be counting on Medicaid to help with the cost of necessary healthcare and nursing...
Guidance from a Long Island New York Medicaid planning attorney
While Medicare and Medicaid may sound similar, the two government programs are very different. For elderly residents of New York, Medicaid is a needs-based program intended to act as a safety net when they cannot afford to pay for their necessary health care or...
New York estate planning: What to do with the will
Many older residents of New York have a will. This most basic part of estate planning is important, but simply preparing a will is by no means the end of planning for the future, merely one of the first steps. From considering where to keep this important document to...
How many copies of your health care proxy do you need?
Your health can have a considerable impact on various other aspects of your life. Therefore, you likely want to take the necessary steps to ensure that you take care of your health as best as possible. Of course, in the event of serious illness or injury, you may not...
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