Long Term Planning Archives

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The Will and Beyond

Now is the best time to plan for the distribution of your wealth, and a will is one important tool for doing just that. After we pass, we leave behind our worldly effects—all of our assets and belongings, as well … Continue reading

Long-Term Planning: The Will and Beyond

The Will and Beyond Now is the best time to plan for the distribution of your wealth, and a will is one important tool for doing just that. By Cari Jackson Edited by Bernard A. Krooks, J.D., CPA, LL.M After … Continue reading

Understanding the New Health Care Law

For people planning for lifelong health care and other long-term needs, coming to grips with the Patient Protection and Affordable Care Act is essential. Edited by Bernard A. Krooks, J.D., CPA, LL.M By now, you’ve probably heard plenty about the … Continue reading

Choosing a Qualified Attorney to Help You Plan for the Future

For seniors, planning for the future can be complicated, even overwhelming. Hiring an attorney who is qualified to advise you on legal matters that can affect your family’s financial and emotional well-being can make things easier. Elder-law attorneys guide families on planning for health and personal care, public benefits … Continue reading

Common Errors in Long-Term Care Planning

By Bernard A. Krooks, Certified Elder Law Attorney During our discussions with clients, we learn about many misconceptions they have and previous errors they have made in their long-term care planning. I would like to share a few of those … Continue reading

We Need to Prepare for Aging Population

There’s no escaping it: We are getting older as a nation. In 2011, the first of the Baby Boomers reach age 65, and by 2030, more than 70 million Americans will be 65 or older, representing nearly one in five … Continue reading

Protecting the Family Home

By Bernard A. Krooks, Esq., Certified Elder Law Attorney When a loved one becomes ill, there are many issues that must be dealt with. First and foremost are decisions regarding the person’s health and the type of care needed. This … Continue reading

Third-Party Special Needs Trusts: Peace of Mind for Caregivers

By Bernard A. Krooks, Esq., Certified Elder Law Attorney We are all aware of the importance of getting our family’s financial and legal affairs in order. For family members of individuals with Alzheimer’s disease, the importance of doing advance planning … Continue reading

Planning for the Well Spouse

By Bernard A. Krooks, Esq., Certified Elder Law Attorney When a spouse becomes ill, the well spouse is suddenly faced not only with the emotional toll, but the burden of handling all the financial responsibilities and long-term planning on his … Continue reading

You have the Power: Power of Attorney

By Bernard A. Krooks, Certified Elder Law Attorney A power of attorney (POA) is a legal document in which one person (in legal terms, “the principal”) appoints another person (“the agent”) to act on behalf of the principal. It allows … Continue reading