When speaking with a potential new client about coming in to complete planning, we always discuss any advance planning they may have already completed. Often times when they already have advance directives and a will, they think it is a…
Long-term care insurance (LTCI) is an option for individuals who want to ensure coverage for long term care in the event of a catastrophic illness. There are basically three (3) ways to pay for long term care— (i) out of…
It is safe to say that estate planning is generally not a prime consideration for most young adults in their 20s or 30s. The truth is that estate planning for people in this age group is just asimportant as it…
Whatever the reason may be, many put off estate planning. Often times, we receive a call from someone stating their loved one has dementia and has no legal planning documents in place. At this time, whether or not they can…
Back in December of 2016, we shared the wonderful news of President Obama signing the Special Needs Trust Fairness Act into law. When announced, New York State was out of compliance with this new federal law. On May 22, 2017,…
Social Security is a retirement benefit for individuals who are working and contributing to the social security system. However, it also has a benefit for disabled workers and disabled individuals. Supplemental Security Disability Social Security Disability (SSD) is a plan…
Widows and widowers are entitled to Social Security benefits from their deceased spouse equal to the collection amount at the time of death, or the potential entitlement amount if the spouse had not yet applied for the benefit. In order to best advise their clients, accountants and attorneys should understand the laws that govern this benefit.
Many seniors and those with disabilities need Medicaid to cover home care costs, which allow them to remain in their own homes while receiving care. If the American Health Care Act becomes law, what impact will it have on seniors?…
A living will is a document that sets forth your wishes concerning the extent of medical care you want to receive. It operates during your lifetime if you become unable to communicate your wishes at the time a healthcare decision…
