About 50% of New York seniors will eventually require long-term care, which means planning for this expense is a vital part of ensuring you’ll be able to maintain your desired standard of living. In our blog, we discuss the value of long-term care insurance, how to preserve assets for your heirs while accessing valuable Medicaid benefits, and much more. For more information about how we can assist with your specific long-term care planning needs, contact our office to request a free initial consultation.
- Page 2
-
Long-term care planning often involves covering the costs of hospice and palliative care.Palliative and Hospice Care are two types of care aailabel to those with severe medical conditions.
-
What Are the Different Types of Long-Term Care? Know Your OptionsThere are a multitude of long-term care options. Which is most suitable for you?
-
Can You Still Retire Comfortably On A Million Dollars?Despite changes in the economic climate, you can retire peacefully with $1,000,000. Here's how you protect you, your loved ones, and get the care you need.
-
Planning as part of the sandwich generation presents enormous challenges. Here are 6 steps to take to meet those challenges.The "Sandwich Generation" is caught between caring for their parents and their children. Planning for them both can be challenging.
-
Holiday gatherings with family may be a good opportunity to discuss many aspects of an aging loved one's planning and wishes should they get sick.Family get togethers are not merely an opportunity to reconnect with loved ones.
-
What steps can we take to try and prevent Alzheimer's disease?Alzheimer's Disease has a lasting impact not just on the person who has it, but on the whole family.
-
Helping Your Family With a Prepaid Funeral PlanWhen an individual passes away without a funeral plan, responsibility for arranging the funeral often falls on the deceased’s close family members, such as surviving spouses and children.
-
Medical Advance Directives Are Legal Documents That Outline the Details of your Advance Healthcare Planning.A durable power of attorney names a person to act as your healthcare proxy or surrogate who can make medical decisions.
-
New State Laws to Protect Your Loved OnesNursing homes must comply with these policies to qualify for Medicare or Medicaid funds.
-
Elder Care: Should Children Pay?It is no longer news that long-term nursing care is astronomically expensive. Depending on the location, monthly costs can reach $7,000.00 or more.
-
Discussing Your Parent’s Financial FutureYou shouldn't put off talking about finances with your parent if he or she is already experiencing cognitive decline.
-
Passing On Family Values As Part of an InheritanceFormalizing family values and asset inheritance can be challenging, especially if parents delay the process. Learn more from our New York elder law attorney