We all age, which means that we may hit a point where we can no longer care for ourselves. When New Yorkers think of long-term care, they often think of the need for medical services, which are often provided by nursing home services. Although many individuals do wind up needing to reside in a nursing home so that they can receive the care that they need, it is not the only possibility, as one's needs may be different. However, because many people don't believe that they will need the services offered by a nursing home, they fail to adequately plan for the possibility of needing long-term care. This is a mistake.
Estate planning is one of those things that people often neglect to address until it is too late. We encourage New Yorkers to address estate plans early and often because they and their families will be extremely grateful when the time comes for that plan to kick into play. The same holds true with end of life care planning. Although we don't like to think about aging and the potential inability to care for ourselves, planning for the worst case scenario can give one peace of mind.
Previously on this blog we have discussed malnutrition that occurs in nursing homes. When innocent residents are subjected to inadequate nutrition, their health and well-being can be put at serious risk. Far too often, those who are subjected to malnutrition suffer from worsened medical conditions or death. Recovering from the damages malnutrition can impose can be difficult, but pursuing a personal injury or wrongful death lawsuit may be beneficial.
Pets are not people, so you can't leave them an inheritance in the traditional sense, but you could certainly make preparations for your cat or dog -- or any other kind of animal -- in your estate planning. One way that New York residents do this is through the creation of a pet trust.