While there is a great deal of misinformation surrounding estate planning, the fact of the matter is everyone could benefit from having an end-of-life plan in place. Without one, state laws will dictate what happens to all of your belongings – and how much of your estate your beneficiaries should receive. If you wish to have a say in how…
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…
In an effort to control the spread of coronavirus, governors across the country issued shelter-in-place orders for their communities. As workers return to their jobs after months of quarantine, many expect to find increased safety and prevention measures to keep them safe. To help companies design these new rules and processes, the National Council for Occupational Safety and Health (National…
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…
No one wants to plan for their end of life, but it’s a necessary evil if you want some say in what happens should you die or become incapacitated. After you pass on, an estate plan isn’t so much for you as it is for your family and loved ones– and that includes your four-legged friends. It may seem unnecessary…
You might not think you need an estate plan. Maybe you are uncomfortable thinking about death currently in your life. Maybe you don’t have many assets to give your family after your death. Maybe you simply expect your spouse to get everything. No matter the reason, though, it is important to know what will happen to your estate if you…
It can be stressful to place a loved one in a long-term facility or nursing home. And no family wants to discover that the facility in charge of your loved one’s care is trying to scam them of their stimulus check. In the wake of COVID-19, the government has issued stimulus checks, which is part of the CARES Act designed…
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…
When asked, most people agree that they want to avoid living in a nursing home or other long-term care facility as long as possible. The majority of seniors prefer to stay in their homes to maintain their privacy and dignity. Their home may also contain many happy memories of their marriage and their children, so they may understandably want to…
Most of New York State remains in strict lockdown in response to the COVID-19 pandemic. But workers deemed essential, such as healthcare workers and grocery store employees, remain on the job. Despite safety measures to minimize the risk of infection, some essential workers are still getting sick. But if you think that New York’s essential workers who have been forced…
Creating an estate plan can be a grim but necessary chore. If you already have your end of life plans in order, you’re far ahead of the curve. Only four in every 10 adults in the U.S. have a will, and the top reason cited for not having one is “I haven’t gotten around to it yet.” However, having an estate plan…
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…
