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Elder Planning Isn't Just For The Elderly

February 2018 Archives

Probate can prove lengthy and expensive

Knowledge about the importance of a will is becoming more mainstream. However, many New Yorkers still put off creating this important estate planning document, which puts their assets and the distribution of those assets at risk. For many New York families, their loved ones pass away before any estate planning tools are utilized. When this happens, the matter will have to be addressed through probate court.

Nursing home residents often over-medicated

Nursing homes are meant to be safe places for elderly individuals whose loved ones are unable to provide them with the day-to-day care they need. Many nursing home residents are frail, unable to speak for themselves and tragically, those who are able to voice their concerns may not be listened to by nursing home staff. This can create a dangerous environment where nursing home residents are put at risk of being seriously injured by nursing home abuse or neglect.

Cryptocurrencies should be included in estate plans

It seems like every aspect of our lives is becoming digitized. Entirely within the Internet context, we can communicate with our friends, market ourselves for a new job, and even share intimate details of our personal lives through social media sharing. As all-encompassing as that may seem, the digital world's effect on our lives doesn't stop there. For example, even our money is becoming digitized through cryptocurrencies such as Bitcoin.

Infection control in nursing homes

Nursing homes care for some of the most vulnerable people amongst our population. These elderly individuals are oftentimes medically frail, requiring close monitoring and the provision of adequate medical services. When these matters are not appropriately handled, then innocent nursing home residents can be seriously harmed. This is why New York has implemented a number of regulations aimed to ensure nursing home safety.

Long-term care insurance is getting more expensive

For many reasons, planning for the future can be difficult. Yet, when it's boiled down, we simply don't know what our futures hold, which makes it hard to determine what type of planning we need to undertake. In most cases, though, people will want to plan for the worst and hope for the best. This is especially true when it comes to long-term care planning.

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