Like wills and estate planning, most New Yorkers don’t give much thought to advance healthcare directives until later in life. While a catastrophic accident or terminal illness may seem unlikely, they are unfortunately a possibility for people of any age. This could...
Preserving & Protecting Your Family’s Assets & Legacy
Advance Health Care Directives
The difference between a living will and a medical power of attorney
A living will and a health care proxy, which both fall under the umbrella term “advance healthcare directive,” sound like they cover the same situations, but there are key distinctions. Living wills These are your detailed, comprehensive written instructions for what...
How to prepare for a personal medical crisis
Nobody likes planning for the worst, but as a senior, being prepared in case of a medical emergency can greatly reduce the strain put on your family and provide you with peace of mind in moments of crisis. There is some important information to compile in a binder or...
The importance of choosing the right agent for a healthcare proxy
You never know when a serious illness or accident will occur; hence, the importance of having a health care proxy. Equally important is your choice of an agent to make health care decisions on your behalf if you should become incapacitated. About the Health care Proxy...
What documents convey my wishes when I cannot?
There are times in our lives when we cannot convey our wishes as well as we would like. Perhaps a car accident, fall or illness led to a brain injury that leaves us in a coma or unable to communicate. Whatever the reason for the inability to share our wishes, we can...
Do you need an advance health care directive?
An estate plan can encompass a lot of parts including a Will, Trust and Advance Directives (such as a Power of Attorney and Health Care proxy). A Health Care Proxy allows you to appoint someone you trust to make health care decisions for you at a point when you can no...
What types of advance directives are available in New York?
Advance directives are legal documents where you designate who should handle your financial and medical affairs and outline your specific wishes with respect thereto should you become incapacitated and unable to manage such affairs in the future. Although you may feel...
3 things to know when naming a health care proxy
Without warning, serious illness or injury may strike, leaving people unable to make medical decisions for themselves. Who will speak up for them when they cannot give voice to their wishes? As part of their estate plans, many people create advance care directives,...
Benefits single adults may obtain from health care directives
Independent single older adults may grow accustomed to self-sufficiency and taking care of themselves. By creating an advance health care directive, they may maintain their independence. The directive provides health care practitioners with instructions for preferred...
What do you know about planning for Medicaid?
As you get closer to the age of retirement, you may look more into programs like Medicaid. You know the cost of aging may spiral out of control faster than you realize, and you want to make the transition easier and affordable. The CPA Journal explores common Medicaid...
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