Perhaps you graduated from college recently and started saving for retirement. With your golden years so far off, you may not think much about long-term care planning. You never know what life may bring your way, so it makes sense to prepare for the unexpected. The...
Care Planning
How can I talk to my family about my parents’ long-term care?
As your parents age, you will need to take some responsibility for their care in order to keep them safe and healthy. When the time comes that you recognize they require more care, you may need to talk with other family members to determine what to do. It can be tough...
What is long-term care planning?
The National Council on Aging estimates that about 65% of Americans will need help with everyday activities, such as bathing or walking, at some point in their lives. Long-term care planning is the process of preparing for the possibility of disability or illness....
How should I choose a nursing home for my parent?
If your parents are aging then you might find yourself concerned about what their future care will look like. Most people want their parents to grow old in their own homes, but oftentimes this simply isn’t a feasible option. This reality usually drives people to...
Durable Powers of Attorney Are Important Legal Documents
A strong and up-to-date estate plan is an important tool that every New York adult should strive to create. Although many individuals may believe that their estates are too small to require such action, an estate plan is necessary to ensure that their assets, no...
What to do when your parents can no longer care for themselves
Adults living in the “sandwich generation” may find themselves in a position where they are caring for young children while also caring for their ailing, older parents or grandparents. If a person’s parents or grandparents reach the point where they can no longer take...
Considering an asset-based long-term care plan
When you hit retirement age, there are many thoughts about how you will enjoy this time. Thus, many individuals in New York and elsewhere do not focus in on the potential need for long-term care at this point in time. While an estate plan can help secure assets and...
Simple ways to plan for incapacity
Ensuring that an estate plan provides for many different types of situations is an important part of developing a comprehensive overall estate plan. A complete estate plan should account for circumstances when an estate planner may be incapacitated and unable to...
Using nursing home visits to make the right choice
Many steps help in choosing the right nursing home for a loved one, including studying its location, record, and affordability. But nursing home visits often scrap the resulting priority list. For that reason, experts on elder care suggest visiting earlier....
Planning ahead for nursing home care assistance
Financial planning for older Americans can be a challenge. Many think that they will rely on programs like Medicare or Medicaid to help them cover costly medical care needs as they age. What these individuals don't realize is that there are strict limitations to what...
