Your family and friends may know you for the thoughtful concern you display over their wellbeing. You may have already made plans to distribute your assets among them after you die, but what about your wellbeing? Is anyone looking after your needs as you continue...
Preserving & Protecting Your Family’s Assets & Legacy
Elder Law
How the Senior Safe Act could help protect an elder’s assets
Congress passed the Senior Safe Act in 2018 to help prevent financial exploitation of older U.S. citizens. As noted by AARP, the Act encourages employees of financial institutions to report suspicions of elder abuse. A review of a senior's account history and recent...
How can you identify elder fraud?
According to the FBI, criminals target the elderly every year due to their lack of internet savvy, polite demeaner, savings accounts, homeownership, and good credit. Understanding the types of elder fraud may help people identify and protect against it. Types of elder...
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,...
Ageism as a form of discrimination
Discrimination based on age (“ageism”) is usually not viewed with the same seriousness as other forms, such as racism and sexism. However, demographics show that 42% of the United States’ population is over the age of 45. On average, 10,000 baby boomers turn 65...
Ask these 2 questions before choosing a nursing home
When the time comes to move a parent into a New York nursing home or assisted living facility, the budget may play a key role in where your parent ends up. However, using a budget alone to select a nursing home for your mother or father may expose your parent to...
Eligibility for Medicaid and retirement accounts
Before entering a nursing home or assisted living facility, many seniors need to obtain Medicaid benefits to pay for the cost. However, qualifying for Medicaid involves falling within a relatively low income bracket and having fairly minimal assets. New York’s...
Challenges that families face when looking at nursing homes
Families who are helping a loved one transition into a nursing home or assisted living facility have to process an overwhelming amount of information and make some very difficult decisions. At a time when people are feeling scared and vulnerable about what will happen...
Will Medicaid exempt your parent’s home?
You may have heard that if your parent owns a home but requires nursing home care, Medicaid will consider the home an asset. The more assets your parent has, the less likely Medicaid will help cover the cost of long-term care. The good news is that this is not true...
Is it the nursing home, or my mother?
You love your mother and want her to be happy, which is part of the reason why you did a lot of research and selected the very best nursing home for her needs. However, what do you do if your mother calls you up with a litany list of complaints against the nursing...