Estate Planning Isn’t Just For The Elderly
The decision to transfer one's residence is often an integral part in asset protection and wealth preservation planning. This is especially true if there is concern that long term care costs (nursing home and/or home care) may dissipate his or her life savings in the...
Elder law attorneys have made significant strides in the past two decades educating the public as well as the legal profession on the importance of seniors engaging in advance planning to protect their life savings from the costs of long term care. While it appears...
The Center for Medicare and Medicaid Services has recently reported that approximately thirty percent of nursing home residents are being medicated with anti-psychotic drugs to control their conduct and behavior. While the issues relevant to behavior are more...
On April 21, 2014, the Uniform Guardianship Protective Proceedings Jurisdiction Act (“UAGPPJA”) will go into effect as Article 83 of Mental Hygiene Law of the State of New York. Signed into law by Governor Andrew Cuomo last October, the UAGPPJA will fill a...
Continuing from my last post, here are a few additional suggestions to ensure you're adequately prepared for the years ahead: 5.) Create a list of professionals involved in your personal affairs. Organize and list the names, addresses and telephone numbers of all the...
Between work and family, our busy lives often leave little time to focus on our own personal affairs, especially those related to our aging. I cannot emphasize enough, however, the importance of stepping back to assess whether you have adequately prepared yourself for...
Family owned and operated businesses have very unique, distinct dynamics that can severely impact the success of the business (and the unity of the family) if they are not addressed and properly managed. It is of critical importance that proper advance planning be...
In the past three years alone, the number of Medicare patients in the hospital being classified as an outpatient under “observation” rather than being formally admitted as an inpatient has jumped twenty-five percent according to a recent study conducted by...
Whether it’s because we are living longer or because divorce has become more prevalent, we are seeing more couples, ages 60 or 70, tie the knot. Many do so unaware of the rights and obligations they inherit should their spouse become ill and require long-term...
Many years ago, I had my first encounter with the consequences that result when clients fail to take the necessary steps to protect their home from the cost of a nursing home. A husband and wife had consulted with me regarding a plan for protecting their assets in the...