What Is The Look-Back Period in New York?

If you or a loved one are looking into nursing home care in New York, you are probably discovering how incredibly expensive it is. Unfortunately, Medicare won’t pay for a nursing home except for a short stay following a hospitalization. Unless you have a long-term care insurance policy, or sufficient assets to pay for the…

How Can I Make Sure My Children Are Protected In New York if Something Happens To Me and My Spouse?

One of the biggest reasons people choose to do estate planning is the thought that their children may not be protected in the event of their deaths. Unfortunately, if both parents were to pass away while their children are minors, and they have not done any type of estate planning, many decisions concerning where the…

What Is A Life Estate Deed in New York & Do I Need One?

A life estate deed is a tool that can help with estate planning. With a life estate deed, people deed real estate to another party, but reserve a life estate, which means they have the legal right to occupy the property until death. Upon death, the property passes to the beneficiaries. Life estate deeds can…

My Mother Can’t Take Care of Herself And Won’t Let Me Move Her To A Nursing Home in New York. What Should I Do?

This is a situation in which many children of elderly parents find themselves. Elderly individuals often want to stay in their homes and may insist they can properly care for themselves, but in truth they aren’t able to. The situation becomes especially tricky when there are two elderly spouses who are trying to care for…

Should I Purchase A Long Term Care Policy or Use Medicaid To Pay For My New York Nursing Home Expenses?

If you are concerned about long-term care and nursing home expenses, purchasing a long-term care insurance policy can be extremely beneficial. Long Term Care Policies are insurance policies that pay for nursing home expenses. Although many people think that Medicare or Medicaid will pay for long-term care expenses, this is not exactly true. Medicare will…

What Happens If I Set-Up A New York Living Trust, But Don’t Title My Assets To It?

One of the major benefits of setting up a living trust is to avoid the New York probate process. Probate is what happens when a person dies owning property in his or her name. Upon death, a relative will take that person’s Will to court (or start an intestacy proceeding if the person died without…