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Elder Planning Isn't Just For The Elderly

long-term care planning Archives

How much does nursing home care cost?

New York residents who own their own homes may plan to stay in their residences for as long as possible before making the decision to move into a nursing home or other assisted living facility. It can be difficult to uproot one's life and move to a strange new place, as a person must leave behind the home and memories on which they have built their life. For that reason, it is good for individuals to begin planning for their long-term care long before it becomes necessary.

It is never too late to make a long-term care plan

Thanks in large part to advances in science and the benefits of modern medicine, Americans are living longer lives than they have in generations past. While these extra years can be wonderful for lengthening the time that grandparents have with their grandkids and allowing seniors to try new experiences and adventures, it also means that more and more adults are living to ages where they cannot take care of themselves.

Protect the safety of loved ones by investigating nursing homes

Many New York residents feel the most comfortable when they are in their own homes. Though they may enjoy traveling to see new places, visit friends and family and experience new cultures, many reach the ends of their excursions with a longing to be in their own spaces. Out of a similar desire to be comfortable and confident in one's surroundings, nursing home residents may also desire to stay in their houses rather than move into new residential communities.

The role of powers of attorney in a long-term care plan

Most New Yorkers are familiar with some of the most basic estate planning tools. They may know that wills are important because they give information on how decedents want their assets distributed. They may also be familiar with trusts as devices that may protect decedents' wealth and help facilitate the transfer of assets to their loved ones. They may not know, though, of the importance of powers of attorney to their long-term care planning needs.

Family fights for control of late director's estate

Director John Singleton was well-known for many Hollywood accomplishments, which included the movies "Boyz n the Hood" and "2 Fast 2 Furious". In the last several weeks, Singleton, who was only 51 years old, suffered a stroke that initially rendered him in a coma.

Are you prepared for to manage your long-term care?

Most people hope to live long lives with the individuals that they love and to do the activities that they enjoy for as long as possible. With good health and financial planning, many New York residents are able to fulfill their dreams and have positive life experiences as they age. However, not everyone sets themselves up to enjoy their later years of life, and the failure to plan for the future can leave some older individuals struggling to get by.

Three important estate planning tools to prepare

An estate plan is an important set of documents and instructions that can provide security and peace of mind to a White Plains resident. That is because an estate plan may include the testamentary documents that explain how the creator's possessions should be distributed when they die, who may be in charge of their affairs if they are incapacitated, and how guardianship of their dependents may be managed if needed.

When no long-term care plan exists

We do not often like to think to far in the future. This means that we are older, our children grow up, careers may come and go and health issues may come up. However, like any adult in New York and elsewhere, it is important to be prepared to deal with the issues that life may bring. Therefore, it is imperative to consider what would happen if we become ill and are no longer to care for ourselves in our old age or incapacitated state.

Helping you draft a solid long-term care plan

There are many what ifs in life. So, why not take steps to address some of these? No matter how much we want to deny it, we are all aging. And with age come certain health concerns and conditions. It is possible that a day will come when one can no longer care for him or herself. Whether that means getting in-home care or residing in a nursing home, it is important to have these details clear and in writing.

The importance of long-term care planning

While it is not an easy matter to confront and accept, individuals in New York and elsewhere are aware that we cannot be around forever. One day, each of us will meet our demise. However, even with this reality in the back of our mind, individuals often think that they will be able to retain their physical and mental capacities throughout their entire life. While this is a very hopeful and optimistic viewpoint, the reality is that with old age, many may not be able to care for him or herself or even make health and financial decisions on their own.

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Enea, Scanlan & Sirignano, LLP

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