Planning for long-term care is an essential part of New York estate planning. Nursing home care costs continue to increase. The average private room in a New York nursing home cost nearly $12,349 per month in 2019. New York families can never be too careful when it comes to planning for nursing home care or […]
Special needs estate planning offers parents an opportunity to prepare for their children’s future. Families that include children with special needs must exercise extra care when creating their estate plans. Whether their special needs child is an adult or a minor, taking the time to prepare for the future will benefit all involved. The goal […]
The twilight years should be a time for people to enjoy life, yet as baby boomers are aging in record numbers,the medical community warns that the healthcare industry isn’t prepared to handle the large number of people turning 65 at record breaking rates. This “Silver Tsunami” has impacted elder law and elder care in the […]
Understand Special Needs Situations And When You Need Representation f you have a child, friend or other loved one who has a disability, you may take on responsibility for some or all of their special needs. This role may include: Making medical decisions Making financial decisions Providing for the disabled person financially Providing part-time or […]
There are different types of guardianship and guardianship law can be a difficult and emotionally charged area for everyone who is involved. Guardianship of Someone with Special Needs One area of guardianship law is regarding someone who has special needs and is not able to make decisions for themselves. These people will need care for […]
The loss of a loved one is a difficult time. If you are a trustee, understanding the aspects of New York City Trust Administration can make this time even more stressful and confusing. Most people don’t understand what is involved in trust administration or the laws that regulate trusts. There is also the confusion that […]
There is a lot of confusion, myths and stigma surrounding bankruptcy. It is often difficult to know if filing for bankruptcy is going to help you or hurt you. Will you lose your house? Will you ever be able to restore your credit rating? Will your pride and self esteem ever recover from this blow? […]
In New York State, same sex couples have access to estate planning tools that only opposite sex married couples had access to before. And even if you aren’t legally married, there are still some important things you need to know about the key aspects of LGBT estate planning. New York LGBT Estate Planning Since the […]
Families are complicated and no two families are the same. This means that there is no such thing as cookie cutter solution to estate planning, especially if you have a blended family. What is a Blended Family? A family may not just be a husband, a wife, and 2.5 children. Today families can include multiple […]
Applying for and receiving Medicaid is a confusing time for the elderly and their loved ones. Often times children are helping their parents apply for Medicaid or managing their Medicaid plan. Other times, you are managing your own Medicaid plan or your spouse’s plan. And because you don’t know what you don’t know, many times […]
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