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Elder Planning Isn't Just For The Elderly

September 2019 Archives

Managing an estate when the decedent had debts

The word "debt" often has negative connotations. Debts can be burdensome, long-lasting, and can affect the ways that New Yorkers spend and save their money. However, some debts, while not necessarily good, are not as negative as others. For example, when a person takes out a mortgage to buy a home, that debt may give them an opportunity to get into the real property market.

3 kinds of power of attorney documents that can help you

Too many people have a negative reaction to the idea of power of attorney documents. While it is true that predatory individuals can, theoretically, use a power of attorney as a means to gain control over or manipulate someone else, in reality, these documents primarily serve the critical purpose of protecting people who experienced severe medical events.

Protecting the home from risk by Medicaid

A large number of Americans will ultimately need long-term care financed through Medicaid. Their Medicaid planning should assure that one of them can continue to live in their home and safeguard their ownership. Medicaid is a federal and state health insurance program that gives benefits to needy individuals and is the biggest payer for long-term costs such as nursing home care. An individual and their spouse must meet financial eligibility requirements.

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