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…
The Family Medical Leave Act, otherwise known as FMLA, can impact any employee who experiences a serious medical issue or family situation that requires time off work. It can also apply to situations where you get injured and cannot perform your daily job duties, similar to workers’ compensation. Overlap for both There are certain situations where both these rules can…
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…
When a person dies, all their possessions and assets go into their estate to await distribution. An individual must then manage and distribute these assets per the instructions of the will. This person is the executor. Being chosen as an executor means that the deceased individual trusts that person to distribute their assets honestly and fairly. Being named as an…
Like in most states, New York State requires most employers to carry workers’ comp insurance coverage for their employees. For employees injured on the job in the Empire State, this means they will likely receive compensation for any injuries incurred on the job. Citizens enjoy several employment rights under these laws. Understanding these rights will help New York workers secure…
You don’t need to be super-rich to benefit from a well-crafted estate plan. However, it’s crucial that it’s done correctly so you can take care of the people close to you. A basic estate plan consists of three main documents – a will, a health care proxy and a durable power of attorney. The final two designate others to handle…
