Many aging New Yorkers may not realize the financial eligibility for Institutional Medicaid is not evaluated only at the time of the application. Instead, it requires a look-back on all assets for 60 months. Without proper planning, many people may have too many...
Estate planning is an important task for every individual regardless of how old you are or how much wealth you have. It allows you to prepare for taxes, probate and your loved ones' care after your passing. However, it has the potential to be complex. The number of...
A will is a legal document that allows you to specify how you want your assets handled in the event of your death. Many people leave their wills in the hands of a close relative or friend. Here are a few of the most frequently asked questions among older people...
If you were incapacitated or unable to make medical decisions for yourself, who would you want to handle this on your behalf? While a name may come to mind, you need to consider your options carefully when selecting a health care proxy, also known as your health care...
As part of planning your estate, you must name an executor, a person selected to administrate your estate. While you understand the importance of the role, you do not know whom to choose for it. CNBC shares tips for selecting your estate's executor. Get insights on...
An executor is a person who holds a lot of power in your estate, especially after your death. For that reason, you want to pick someone trustworthy, reliable and responsible. You might lean toward selecting a family member because you grew up with them and know them...
If you are helping support and care for a loved one with a physical or cognitive disability, you want to ensure that they continue to have a comfortable life and the best available care after you’re gone. The federal, state and local governments provide a variety of...
The state of New York requires probate for your estate. Probate refers to the legal process of transferring your assets to your beneficiaries after your death. State laws govern the management and distribution of property to heirs. An understanding of probate statutes...
As your elderly relatives get older, they are going to require a certain level of care. At the very least, you might need to keep an eye on them to ensure that they are safe and healthy. Unfortunately, some people opt to target elderly people because they view them as...
The law regards pets as property and does not allow them to inherit money from owners. Nevertheless, your pets are completely dependent on you for their survival. As a pet owner, you have a responsibility to provide for them in the event that you predecease them or...
