Estate Planning Isn’t Just For The Elderly
Planning for the future can seem overwhelming, as we don't know what the future will bring. As we have discussed previously on this blog, Medicaid can be a great resource for those who may find themselves in need of long-term care down the line. However, not everyone...
From an estate planning perspective, there are many ways to ensure that your loved ones receive your assets upon your death. While many people rely on a simple will, as it's often the easiest to create, you shouldn't assume this is your only option. For example, you...
This blog has previously discussed the various ways one can plan for his or her potential long-term care needs. Long-term care insurance, for example, may be a piece of the puzzle, but it likely won't be enough, and the claims process can be especially challenging....
Previously, this blog discussed undue influence and the effect it can have on estate planning and the execution of an estate. Although many New Yorkers think that their estate is safe from the influence of others, especially when trusted friends and family surround...
New Yorkers who place a loved one in a nursing home may be concerned about their elderly loved one's health and well-being. This is why many New Yorkers make extensive efforts to vet any potential placements for their loved ones. However, despite diligent efforts,...
Drafting an estate plan is supposed to be a process blanketed in trust. Those engaging in estate planning often trust professionals to provide them with advice that is best for their set of circumstances, and those same individuals often trust that their heirs and...
As we have discussed previously on this blog, nursing home abuse and nursing home neglect are much more common than many people realize. It only takes one rogue employee to seriously injure or even kill a vulnerable resident. The aftermath of such an incident can be...
Purchasing long-term care insurance is certainly a big investment that many Americans feel is out of their financial reach. There's also the chance that purchasing long-term care insurance will be a waste of money if the progression of your life determines that you...
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....
Finding the time, energy and motivation to create an estate plan is small feat. Yet, successful creation of one of these plans is just the start of the asset distribution process. In fact, an estate administrator plays a significant role in this process, as he or she...