Imagine you visit your father on a regular basis. You have no concerns and all is well. Until something changes. You notice that his medication bottles go unopened or maybe they empty far too quickly. Perhaps he forgets your name or calls you by the name of a sibling. You notice that his hygiene has declined because he forgets to…
Medicaid is a health care program that provides help to a wide range of people with low incomes and limited financial resources. Established in 1965, Medicaid is jointly run by state and federal governments and provides benefits for health care and long-term care needs. Eligibility is based on a person’s income, not age or disability as the Medicare program. In…
If your spouse needs nursing home care but you do not, you may have questions about how this will affect your finances. With nursing home care ranging from $5,000 to $8,000 a month, you may have concerns about how you will afford care for your spouse. In certain situations, your spouse can still qualify for Medicaid, even if you continue…
For many, the notion of having to live in a long-term care facility is a troubling thought. But as difficult as the decision is, considering your future care needs in advance can provide you with valuable time to research different options and find the best match for your circumstances. Too often, a sudden change in a senior’s physical or mental…
Few decisions are harder than choosing whether or not you need to place an aging parent into a long-term care facility. Unfortunately, for many, the scenario is unavoidable. A person turning 65 today has a 70% chance of needing some form of long-term care, and 20% will need it for five or more years. As difficult as it may be, there…
If your spouse’s health has deteriorated to the point that you no longer feel confident in your competence as a caretaker, it may be time to have a hard conversation about long-term care options. It’s a difficult moment in any relationship. You may feel incredibly uncomfortable at the prospect. You may even feel like you’ve failed your partner in some…
Planning ahead for the healthcare you need can be daunting. The costs can quickly drain your assets, and aid may not be available until you’ve got nothing left. Fortunately, there may be a way to get assistance before your well runs dry. A private room in an assisted care facility in New York costs almost $150,000 per year. That’s over…
As the child of senior citizens, you do not want your parents to become victims of financial abuse. Unfortunately, any aging and vulnerable person with significant assets can be a potential target for this form of elder abuse, especially if they are living with dementia and have lost the ability to handle their financial affairs. Unscrupulous members of your family…
Noticing an older loved one having trouble caring for him or herself can be difficult for New York residents and those elsewhere. Some adult children may notice that their parent is having trouble remembering certain things or has not been paying bills or handling other matters as necessary. In some cases, the issues could reach a point where an adult…
For many New York residents, one of the most complicated aspects of planning for the future relates to health care. Part of your estate planning may include creating a health care advance directive and/or a living will to state your preferences for medical treatment. Another essential part of planning ahead includes figuring out how to cover health care expenses. One…
On Wednesday June 19th, Annamarie G. Gentile addressed the members of the New York City Police Department Verrazano 10-13 Association. She discussed the legal process involved in estate planning and asset preservation. Annamarie G. Gentile is a certified Veterans attorney and all consultations with regard to estate planning are free. See more pictures here: http://on.fb.me/14MkO0L
Annamarie G. Gentile, Esq. and Stefanie L. DeMario, Esq. gave a presentation at Holy Family Parish on Elder Law and Estate Planning. Annamarie G. Gentile, Esq., supervising partner of the Elder Law and Estate Planning Group at , discussed basic estate planning documents, estate planning, how to finance short term and long term care, asset protection and Medicaid.
