Estate Planning Isn’t Just For The Elderly
If you are caring for an elderly parent, you may have already made some difficult decisions. Unexpected circumstances can arise, leading you to rearrange your schedule and finances quickly. You also might feel like as you do everything you can to help someone else,...
Having an adult child who has special needs often requires planning for the future. After all, your child's condition may make it exceedingly difficult both to work and to pay for living expenses. If you are thinking about using your estate plan to provide for your...
Should the unthinkable happen, you want to rest assured that minor children in your care have a kind and loving guardian to take over parental duties. As explained by U.S. News & World Report, selecting a guardian is a major aspect of estate planning, one that...
Parents of New York children with special needs often establish special needs trusts as a way of leaving assets behind for the child without disqualifying him or her from public assistance. Special needs trusts are complex and sometimes difficult to administer....
Most people will eventually need long-term care services. As you age, your health issues could make it so that you have trouble living on your own or need help to do regular tasks. Long-term care can include a range of things, which makes pinpointing the costs...
There is a common misunderstanding that young people do not need to have estate plans or that estate planning is only important for older people, married people or people with kids. According to U.S. News and World Report, estate plans are important for every adult....
If you have a loved one who no longer has the cognitive and communicative ability to handle his or her own affairs, you may worry about how you can help provide needed assistance. In New York, Article 81 guardianship may be an option. This estate planning tool allows...
As the parent of a special needs child, you probably worry about how to provide for your child after your death. You may have heard that taking out a life insurance policy on yourself is one way to secure your child’s future. A whole life insurance policy may be of...
Serious accidents may occur at any time, and they may also result in a devastating physical disability. Regardless of his or her age, an unexpectedly disabled individual may require Medicaid to provide for health care and assisted living expenses. As noted by New York...
Most people consider long-term care or nursing home care as something to worry about long after you retire. Long-term care planning is a proactive step in preparing for your care when you get older and can no longer care for yourself, but it also can help plan for the...