It feels like we are writing about this topic quite frequently lately, but the New York State Department of Insurance recently approved massive premium increases for owners of long-term care insurance policies provided by three companies: Genworth, F…
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There is a common misconception that when a loved one or client enters the nursing home having done nothing in advance to protect assets, there are no options remaining. This is simply not true. While it is cheaper and easier to protect your assets i…
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You’ve done your homework, you shopped around, you met with an attorney several times and you finally have a set of signed documents. It is most unfortunate that you wasted a sum of money, probably in the thousands of dollars for these document…
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One of the main goals our clients have is to protect and preserve assets for the next generation. Against that context, we provide an extensive amount of consultation surrounding Medicaid planning, particularly for those who cannot afford or do not w…
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You probably recognize the author of this book more from her great cartoons in The New Yorker than as the author of one of the greatest modern works on caregiving. Roz Chast is a member of the Sandwich Generation, a group of folks in their 30s-50s ta…
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We get questions all the time about our Medicaid qualifying Family Protection Trusts. Here is our Frequently Asked Questions guide to help you decide whether this planning is appropriate for you. IS THE TRUST REVOCABLE OR IRREVOCABLE? In order to ass…
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WHAT IS A POWER OF ATTORNEY? A Power of Attorney is a legal document where you (the “Principal”) give authority to make financial decisions to someone you trust (the “Agent”). The Power of Attorney is often referred to as the…
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WHAT IS A HEALTH CARE PROXY (HCP)? A Health Care Proxy is a legally enforceable document in New York utilized to appoint someone (your Agent) to make health care decisions for you if you become unable, even temporarily, to make health care decisions…
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Recent news has been bad if you are an owner of long-term care insurance. Some companies have raised premiums significantly in the wake of an increasing number of claims made by policy owners and increasing cost of care. For many policyholders, espec…
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If you have tried to have a conversation with your parents about handling their affairs after they die, only to have them respond they’re not ready to have “the talk”, you might want to re-think approaching them to discuss the topic…
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