Estate Planning Isn’t Just For The Elderly
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...
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...
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...
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....
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...
Care planning has been an integral part of individuals' lives for decades. However, 50 years ago, it was much easier to figure out how to pay for long-term care if the need arose. One reason why it has become more difficult is because people are living longer....
It's uncomfortable to think about the limitations we may face when our bodies age. Yet, doing so is imperative because a significant number of us will face health that declines to the point that we will likely need assisted care. This care can take on many forms and...
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...
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...
Most of us do well to plan a week or maybe a few months down the road. However, when it comes to one's health, that may not be enough. Why? Simply put, the cost of long-term care has skyrocketed and those who fail to plan for such care well in advance may be left...