Tag Archives: assets

Long-Term Care Insurance

What is Long-Term Care Insurance? Long-Term Care Insurance (LTCI) is an investment in your future healthcare needs. With the rising cost of healthcare (home healthcare, assisted living, adult day care, nursing home) and the financial and emotional stress an illness … Continue reading

Medicare, Medicaid and Alzheimer’s

What You Should Know About Medicaid Eligibility by NY Chapter of the National Academy of Elder Law Attorneys, Bernard A. Krooks Long-term care costs can devastate a family. The national average for nursing home costs is approximately $75,000 per year … Continue reading

Trusts

What is a trust? A trust is basically an agreement that is made during your lifetime between you (the grantor or trustor) and a trustee, which can be either an individual or an entity such as a bank. The trust … Continue reading

Estate Planning

What is estate planning? Estate planning includes designing a plan that provides for your needs during your lifetime and for the disposition of assets upon your death. The lifetime planning issues to be addressed may include: (1) financial planning to … Continue reading

Elder Law Attorneys

What is an Elder Law Attorney? Elder law attorneys focus on the special legal needs of older persons and persons with disability to protect their autonomy, quality of life and financial security as they age. Most elder law attorneys do … Continue reading

Nursing Homes

Nursing homes, also known as skilled nursing facilities, care for individuals who require 24-hour nursing supervision. There are two types of care provided in nursing homes: Skilled Care (also known as “sub-acute” or “Medicare occupancy”) Long-Term Care (also known as … Continue reading