Annual nursing home costs on the rise according to the New York Department of Health. As a result, the costs for nursing home care is beyond the financial resources of many New York residents. To pay the costs of Medicaid, many elderly individuals are dependent on Medicaid, which pays for…
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New York Estate Planning & Elder Law Blog
Elder Well-Being Alert: Healthy Heart Update
Cardiovascular diseases, like heart disease, affect adults 65 and older more than any other age group. A large part of the reason why this is so is because as people age, so does their heart. Aging changes the appearance and function of the heart. In severe cases, a blood vessel…
How to Recover Hearing You’ve Lost
As we age, our hearing, like other functions diminish. When age- related hearing loss occurs, it is gradual and tends to affect both ears equally – what you cannot hear on the left side of your face is the same as what you cannot hear on the right side of…
Estate Planning Scams about which You Should Be Aware
There are a number of potential scams about which you be mindful when performing estate planning. In addition to things like large fees and trust mills, estate planning scams can also include advisors who offer inaccurate legal advice. The purpose of this article to review some of the most tips…
Estate Planning Details to Always Disclose to Your Estate Planning Advisor
To create the best possible estate plan, it is critical to not only tell your advisor important information about your case. It is also critical to be honest. Failure to honestly disclose information about your financial status can lead to a number of serious complications and can sometimes even require…
NY Estate Planning Strategies for Single Individuals
If you are still single and do not have children, it is common to have not thought much about money. If you are also coming closer to retirement, however, it is a wise idea to begin to consider estate planning. This article reviews some of the important elements that you…
Bucking Trends: Age is Just a Number and More Seniors are Renting Rather Than Owning Their Homes
Words have meanings. They can quickly build-up or knock-down its recipients. One word emitting a great deal of comment is elderly. My father, an 82-year-old retiree, refuses to be identified as a senior. He prefers grey panther. He tells me that he wishes to be identified by the color of…
What Does It Meant to Decant a Trust?
It is important to parents and grandparents who are engaged in estate planning to consider the various challenges that can arise. Failure to properly take these issues into consideration can result in estate plans being jeopardized. Fortunately, in these situations, it is possible to decant a trust. This article explores…
Healthy Vision: Taking Care of Your Eyes as You Age
The Roman statesman, Marcus Tullius Cicero once said, “the eyes are the window to the soul.” In reality however, the eyes are the window to hidden health conditions. A dilated eye exam can detect diabetes, hypertension, auto-immune disorders, like Lupus, high cholesterol, thyroid disease, certain cancers, like skin cancer, and…
Important Things to Remember about Estate Plans
Estate planning has the potential to be a very complex process. As a result, it can be difficult to asset what estate planning terms a person needs. By focusing on some critical issues in estate planning topics, you will be able to create as strong an estate plan as possible.…