Many middle-age New York City residents must deal with the logistical challenges and emotional stress that comes with figuring out how to care for elderly parents. In addition to possible health problems and physical ailments, as they age, many people grow...
When a parent’s declining mental capacity becomes an issue
Many adult children worry about the health and safety of their aging parents. This is especially true in cases where a parent's mental capacity begins to deteriorate. When a parent exhibits symptoms that are readily associated with dementia or Alzheimer's, it's...
The importance of planning for long-term care needs
As an individual ages and moves through different stages in life, there are always concerns that must be addressed and questions answered. For individuals nearing retirement, chief concerns often relate to ensuring for one's own financial security as well as that of a...
Real estate deed transfers: the importance of doing them right
There are certain things a person may be rather concerned about in their elderly years. One is what will ultimately happen with the real estate that they have. There are many different types of real estate a person could have: a family home, a condo, a vacation home,...
Did you know? Medicare sometimes does pay for nursing home care
The cost of living in a skilled nursing care facility is astronomical. As we mentioned in an earlier post, New Yorkers currently pay an average of about $136,000 a year for a private room in a nursing home. Other care options do cost less but they're still not cheap:...
Plan for long-term care, no matter how wealthy you are
Few people in Brooklyn or elsewhere in the country would gasp at the notion that health problems increase with age. As people get older, they have more need for medical care as well as long-term care for ongoing health concerns.Despite this well-known trend, few...
Undue influence: Is it elder abuse?
Undue influence is a common topic when discussing estate planning, elder law and other financial issues. However, what may not be clear is that undue influence, often defined as any persuasive act that overcomes an individual's free will, can also be considered a form...
Work with experienced attorney in seeking guardianship for loved one
The more you look at the way estate matters are handled for the rich and famous, the more convinced you become that it is really difficult for families to handle these matters peacefully. Unfortunately, the family of blues legend B.B. King is experienced turmoil right...
How will you pay for nursing home care in the future?
Whether you are someone who is currently taking care of an aging parent, or you are starting to think about your own care in the future, it can be shocking at first to learn about just how high long-term care costs are. We are not talking about a few hundred dollars...