One of the most fundamental questions about long-term care is quite simple: How much care are you going to need? The answer to this question helps define the amount of money you'll need, the specific steps you want to take, and how soon you should get the plan in...
Long-Term Care Planning
What questions should you ask when doing long-term care planning?
Long-term care planning is incredibly important in New York, as it must be taken care of in advance for it to be effective. The whole idea here is that you set up a plan and make decisions years before they need to be made so that everything is set if you're unable to...
Tips to help elderly parents transition to long-term care
Even when seniors have long ago made arrangements for long-term care, coming to terms with the necessity for transitioning to the chosen facility can still be fraught with anxiety and fear. "Transfer trauma" is the name for the aggregation of psychological and...
Long-term care planning for a stroke
Don't make the mistake of thinking that you don't need to do any long-term care planning in New York just because you feel healthy right now. Some health conditions can come almost out of nowhere, without any warning, and they can leave you unable to make medical...
Finding the ideal nursing home
There are many aspects to long-term care planning that you want to consider in New York, but one of the most important things that you can do is to find the perfect nursing home. If you do this in advance, you ensure that you live somewhere that you feel safe and...
How can I protect my assets from estate taxes when I die?
The estate tax seems somewhat unfair when put into perspective. Basically, the estate tax is the federal government's ability to tax you for the right to transfer your property when you die. This can very disappointing for individuals who have spent their entire lives...
What you need to know about long-term care insurance
Nearly everyone wants to live independently for as long as possible. Unfortunately, medical problems associated with advanced age often force even the most fiercely independent people to rely on help from others as they get older. Some families are better situated...
Knowing the basic facts about your long-term care
Many New York residents wrongly believe that they should wait until they are elderly before considering long-term care planning. If you share that opinion, then you may be woefully unprepared if you should encounter some kind of life-changing event. Imagine a car...
What are the chances of using my long term care planning?
Before a New York resident makes the decision to purchase long-term care insurance, it is important to examine the exact likelihood that the insurance will ever be used. In fact, insurance companies often inform their soon-to-be clients that the likelihood of them...
Do I need an attorney to do long-term care planning?
The fact of the matter is that many aspects of long-term care planning are so complex that it's best to leave them to a professional. What many people fail to realize is that attorneys who assist clients in elder law issues often have a greater understanding of how to...