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...
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...
Eleven million people used the Affordable Care Act (ACA) to obtain needed health coverage. However, it now appears that there was an unexpected side-effect for some people, due to an old law that is still on the books. This law is known as the estate recovery law. If...
On April 9, a financial group issued a report which indicates that the average costs for nursing home care is going up. According to Genworth Financial's annual "Cost of Care" report, Americans will now spend $91, 250 per year on average for a private room in a...
When it comes to planning for a family's future, every estate plan should cover as many contingencies as possible. One of those contingencies is the chance of incapacitation or the inability to make decisions for oneself. Although no one likes to think of him or...
When you contemplate long term care planning in New York, you might want to consider what the general rules are before going too deeply into the subject. What do the documents need to say and how will the court look at your plan, if it should come to that? When a long...
Many of us will enjoy the privilege of being able to spend time with our parents as they grow older. We are fortunate to live at a time in human history where medical advances make it possible for people to live well into their 70s and 80s. Unfortunately, one of the...
One advantage to the rapid development of medical technology is that it is allowing us to live longer. As people live longer, their chances of developing diseases associated with advanced age also increase. This can be especially difficult for families of individuals...
We live in a glorious time of tremendous advances in medical science. Improved treatment of diseases, better nutrition and many other factors mean that many of us will live longer than previous generations. Unfortunately, extended life expectancy also means that many...
When doing your long-term care planning in New York, you need to know exactly where you are going to get your funding from. This naturally leads you to the question of whether or not you can use Medicare to cover these costs. Typically speaking, the answer is simple:...
