Estate Planning Isn’t Just For The Elderly
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...
When you apply for Medicaid and are over the age of 65, different rules apply to you than for other applicants. The state will assess your assets as part of the qualification process. According to the New York Department of Health, the state looks at all countable...
Your estate plan serves as a major component of how you will handle your end-of-life experience, and how your loved ones will handle your matters after your death. Thus, it is crucial that your plan remain up to date with the actual happenings in your life. After...
Starting a new business venture serves as an exciting and fun way to mark a new chapter in your life. However, you also need to plan for the potential uncertainties that the future may hold, especially with a business at stake. Estate planning should serve as a...
Many young people across New York and the nation put off estate planning. Sometimes, they do so because they feel they do not have valuable enough assets to warrant one. Other times, they do so because they believe it takes considerable time and money to create one....
You understand that your special needs child will have challenges exercising self-care when you are no longer around. With a special needs trust, you can put aside money to provide for your child’s needs. But you should do more than just establish a trust. Writing...
Writing a will is one of the more effective ways to maintain some control over what happens to your assets after your death. It is also easy to put off. In fact, according to a recent study, 68% of Americans have not yet drafted even a basic will. If you are ready...
No one likes to think about what might happen in the event of a serious accident, crash or illness. However, having certain plans in place may go a long way in terms of taking some of the strain off of your loved ones and ensuring your wishes come to fruition. Per the...