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Elder Planning Isn't Just For The Elderly

July 2017 Archives

How can the elderly pay for long-term care?

As we age, our needs change. Whereas younger individuals may focus on making money and living an adventurous life, those reaching their later years may be primarily focused on how to retire with not only financial stability but also with a solid plan for their medical care. After all, medical care can be expensive, especially in one's later years. With most individuals losing insurance when they retire, most elderly individuals need to look elsewhere to ensure that their health care costs are covered.

Pursuing guardianship over an incapacitated adult

If you have a loved one who has suddenly become too ill to make decisions for him- or herself, you may need to seek guardianship powers to make decisions for him or her. New York law allows for children and other close family members of incapacitated persons to apply for guardianship to ensure that their loved one is appropriately cared for.

Why would a will need to be modified?

Having a valid will that ensures your wishes become reality upon your passing can help not only put your mind at ease, but it can also guarantee that your heirs are taken care of upon your passing. Although the will consideration and creation process itself can be fraught with legal complexities, the truth of the matter is that those challenges can continue even after the document is signed and witnessed.

How can a guardianship be terminated

Previously, this blog discussed the basic rights that are enacted when a guardianship is put into place. Such a legal arrangement can be beneficial in many circumstances, especially when an elderly individual is unable to make decisions on his or her own. These guardians can help handle medical, educational and financial matters.

What documents help to determine medical care?

As you age, it's important to make plans for your future health care. This isn't something that's easy to handle or think about, but taking care of the details now might help you later on. And it will almost certainly help to make life easier for your loved ones.

Why should I have a power of attorney for my health decisions?

The last thing any of us want to think about is our final days. Unfortunately, like taxes, death is inevitable. And none of us know when our time could be up. Barring any serious injury or sudden illness, our body slowly breaks down, limiting our abilities, both mental and physical. This could mean that our mental abilities break down, including the ability to communicate our wishes to family members or medical professionals

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