Estate planning is an essential step to ensure your wishes are executed after you pass, but as individuals age, it's also important to consider the possibility of long-term care due to a prolonged illness or disability. According to the Kaiser Family Foundation, one...
What is the difference between elder care and estate planning?
When thinking about your future, you may be considering both elder care and estate planning. It's important to know the difference so you can create a long-term goal now. Estate planning involves managing your assets in the event that you become incapacitated or pass...
Trusts that may be appropriate for Medicaid planning
Individuals often assume that their health insurance will adequately cover their medical expenses, including long-term care in an assisted living facility or a nursing home. The prospect that insurance coverage will be adequate to cover these costs is low. Most...
Elder law: What you need to know
Elder law focuses on the legal rights of senior or disabled persons. The elderly are at risk of abuse by their family members or caretakers. Therefore, elder law protects them from any form of exploitation or harm, including financial, physical, verbal, or...
Why the Alzheimer’s ENACT Act has bipartisan support
The Alzheimer's Association and the Alzheimer's Impact Movement are looking at a potentially groundbreaking legal policy win in the Equity in Neuroscience and Alzheimer's Clinical Trials Act (ENACT). Alzheimer's is currently an incurable and ultimately fatal disease...
What to know if you are trying to establish or contest guardianship for an elderly individual
As our family members age, it may become necessary to make decisions they are unable to make, such as healthcare and financial decisions. A guardian may need to be appointed in these instances, particularly if one has not been specifically designated. What is...
Elderly guardianship. What is it and why do you need it?
When your parents or grandparents are in solid health, the last thing on your mind is the possibility of elderly guardianship. Unfortunately, the truth is, as individuals get older, it is likely their health will fail and they may no longer be able to make decisions...
Planning ahead for elder care: 4 key things to consider
As you age, like many seniors, you may be seriously considering what you want your golden years to look like. How do you want your children or other caregivers to care for you? What decisions would you like them to make on your behalf? As you're managing basic estate...
Planning for Medicaid: NY Medicaid 101
Medicaid eligibility is complicated, and it changes from time to time. The application is lengthy and involved. Many applications are denied for simple issues like a missing signature or incorrect date. As an entire generation of "Boomers" retires, seniors and their...
When your loved ones can no longer make their own decisions
Good health is no guarantee for anyone in New York, young or old. Sometimes a person is so injured or ill that they are incapable of making decisions on their own behalf, for example, if they are in a coma or develop dementia. In such situations, the vulnerable adult,...