Elder Law & Special Needs Practice of Felicia Pasculli, Esq.
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September 2017 Archives

The softer side of estate law and asset protection in New York

When it comes to estate planning for elderly residents of New York, there are lots of critical issues to address. From asset division to establishing trusts to determining advance health care preferences for life-sustaining methods, end-of-life planning documents cover a variety of important topics. When handling estate law and asset protection for the elderly, though, it can be just as important to consider what might be considered softer issues, the non-financial concerns that arise for seniors in their later years.

Nursing home and home health care expenses higher than expected

For many residents of New York, the question is not if they will need long-term health care, but when. Despite this, few individuals adequately plan for such an eventuality. Unfortunately, the cost of nursing home and home health care expenses is often much higher than most people think, and without proper Medicaid planning, a regrettable number of seniors and their families find themselves worrying and unprepared.

Nursing home care costs continue to increase

Throughout your life, you may have taken pride in keeping yourself as healthy as possible. With a balanced diet and exercise regimen, you could feel much younger than your years. However, you likely also know that you cannot control every aspect of your health, and a sudden issue could come up at any time.

Knowledgeable guidance for advance health care directive planning

For aging residents of New York, preparing for the future doesn't always just mean planning for future generations. Beyond wills, trusts and beneficiaries, one oft-overlooked aspect of elder care planning is that of an advance health care directive. What, exactly, is this official document and why is it so important?

With nursing home stays on the rise, Medicaid planning is vital

Like many people, most elderly New York residents probably don't like thinking that they may eventually need to rely on nursing home care. Many assume they'll never need a nursing home stay because their families will care for them, while others may think they can rely on government programs to cover the costs. The reality is that more than half of Americans will end up needing nursing home care, the costs of which are staggering and can quickly wipe out a lifetime of savings without proper Medicaid planning.

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