Tag Archives: assets

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

Finding Your Elder-Law Attorney

It is of the utmost importance to find a qualified attorney to help you plan for the future, particularly when a debilitating illness such as Alzheimer’s enters the picture. But what do you look for, and how do you go … 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

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

Advance Directives: Ensure your Wishes are Honored

By Bernard A. Krooks, Esq., Certified Elder Law Attorney What kind of medical care would you want if you were too ill or hurt to express your wishes? Advance directives are legal documents that allow you to convey your decisions … Continue reading

Life Insurance

Why is life insurance important? Life insurance can be an important asset for everyone, especially someone with Alzheimer’s disease. The long-term costs of health care and nursing care can quickly make a dent in a family’s savings and may lead … Continue reading

Social Security

What is Social Security? Social Security is a mandatory government program that taxes your income while you are working and pays out benefits (supplemental income) in a number of ways when you retire or if you become disabled. Keep in … Continue reading

Medicaid

What is the difference between Medicaid and Medicare? This is a very common question. Medicaid is a type of government program that offers health insurance to people with limited incomes. It is available to people of all ages, including children, … Continue reading