A number of elderly people create an advance directive that states that they do not wish to have life-saving measures performed in the case of a medical emergency. But now, more seniors are adding a new provision to their advance directives that state that if they develop a certain level…
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New York Estate Planning & Elder Law Blog
A New Way to Approach Long-Term Care Insurance
According to a new article published by Financial Planning, “How to Fix LTC Insurance” claims that the best way to make long-term care insurance accessible to more seniors, as well as affordable, is to integrate the use of short-term elimination periods. The Director of Research at the Pinnacle Advisory Group…
Attorney Claims Judges were Bribed in Estate Case
An attorney claims that he has evidence that a panel of judge in the Panama Supreme Court were bribed into stripping him of control over a $150 million estate. The lawyer, Richard Lehman, says that he has an affidavit that proves that the foreign court illegally removed him from his…
Looking Back at the IRA on Its 40th Birthday
In 1974, the Individual Retirement Account (IRA) was born, and since its inception more than 43 million Americans have created at least one IRA account for their retirement savings. Over the years the IRA has transformed greatly and has the potential to continue to evolve over the coming years. In…
How the Elderly Can Stay Independent Longer
Most of the questions surrounding elder care revolve around who will take care of that senior or determining where that senior will reside. However, a more important question that the elderly should be asking is how can they take care of themselves for as long as possible without becoming dependent…
The Right Tools for Retirement
Just like you would not attempt a do-it-yourself project around the house without the proper hardware tools, you should not go into retirement without the proper estate planning tools. This means that you need to have the right planning vehicles and strategies in place that will ensure that you are…
Nursing Homes Filing for Guardianship to Collect Debts
Few people are aware that a nursing home has the power to file for guardianship over its residents. Because guardianship cases are difficult to gain access to or track through the court system the rate at which this occurs is difficult to ascertain. However, research is emerging that shows that…
Who Should Run the Family Trust?
When a trust is created, most often the creator turns to a trusted friend, relative, or confidant to oversee it. This makes a lot of sense to most people because the purpose of a trust is often personal in nature, and the creator wants someone to run the trust that…
Benefits and Programs for Elderly New Yorkers, Pt. 2
The first part of this article explained that there are many programs and benefits available to seniors that live in New York. The second part of the article continues to explain various services that are available to the state’s elderly population. Temporary Assistance This program provides cash benefits for senior…
How to Avoid Blended Family Issues in Estate Planning
Blended families, where there are children and spouses that have been through multiple marriages, come with estate planning conflicts that unblended families do not typically deal with. Children from previous marriages cut from wills, barred from seeing a sick parent, from attending a funeral, or inheriting part of a family…