October 2018 Archives

Why you need a Medicaid plan

Planning for healthcare costs in retirement is important for everyone. If you are on or planning to be on Medicaid, planning ahead is even more important.

What amount of assets could be kept for Medicaid eligibility?

Many people know that nursing home care and other similar assistance is expensive. Of course, it is common for older individuals to need this type of care due to medical issues. When it comes to determining the best options for paying for care, some parties may wonder whether Medicaid may be able to help them.

Nursing home care may be necessary for some individuals

Most New York residents want to do what is best for their loved ones. In some cases, that may mean seriously considering placing a parent or other loved one in a nursing home. This thought can easily bring a number of emotions from guilt to relief, but this move may be necessary when a family member is at risk of suffering injury or other harm from living alone.

Trusts 101: Do you need one?

There are many options to consider when creating an estate plan. So much so, that all the terms can get confusing. Wills. Trusts. Powers of attorney. It's so confusing that one study shows only 40% of people have a will or trust.

Estate planning can help New York residents with asset protection

Many New York residents want to protect their assets so that they may one day have the ability to pass them on to their loved ones. Of course, many unexpected events can happen in life that could easily put certain property at risk. Fortunately, individuals can utilize estate planning to work toward protecting their assets in various ways.

Planning for in-home or nursing home care for a loved one

Many people suffer cognitive decline as they get older. In some cases, the decline may be more severe than others due to diseases like Alzheimer's, and family members may need to make tough decisions on how to care for their ailing loved ones. It is not unusual for New York residents to want to care for a parent or other loved one themselves, but it is also possible that nursing home care may be necessary.

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