The 5 Must-Haves for New York Estate Plan
As we age, the need for estate planning becomes even more vital. Many people avoid estate planning, because they do not want to think about the end of life, failing health or disability. Others believe that an estate plan is only for rich people. However, an estate plan is helpful for the senior adult and […]
Be Prepare for the Unexpected with a Living Will
Your preferences for life-sustaining medical treatment can be outlined in a living will. A living will is often joined by a health-care proxy or power of attorney, which allows someone to make treatment decisions for you if you are incapacitated and the living will does not have specific instructions for the situation at hand. “Living […]
Let Your Health Care Power of Attorney State Your Final Health Care Decisions
If you are unable to make decisions for yourself, you can give this legal authority to someone else through a Health Care Power of Attorney, also called a Health Care Proxy or Durable Power of Attorney for Health Care. This prevents the courts from getting involved if there is a disagreement between family members and/or […]
Tips on What You Can Do for a Family Member in Need
Substance abuse, suffering from mental disability, or living on the streets are just some of the real-life issues people are grappling with today. Many families want to assist family members struggling like that, but families are unsure how to offer that assistance, given that money might hurt more than help. Especially inheritances, which can come […]
The Importance of Advance Directives During COVID-19
In a pandemic, such as COVID-19, it is critical to make arrangements for your advance care and directives quickly. Responses to vaccinations and understanding their efficacy, reinfection potential, and long-haul symptoms resulting from COVID-19 continue to baffle our scientific understanding. It appears the coronavirus will continue to challenge Americans, indeed the world, as according to […]
Estate Planning Is Essential to Being Prepared
It makes sense that more aging Americans have completed wills and estate plans compared to younger Americans. Still, a significant number — 19 percent of those over age 72 and 42 percent of those between 53 and 71, according to survey data — lack any type of estate plan. Although managing these details can seem […]
Estate Planning Considerations for Special Needs Children
Current medical and health care advancements have made it possible for dependents with special needs to live more useful lives than ever before. Many scientists regard the term special needs as a euphemism for disability. Yet, the difference between the two terms is primarily one of acceptance and preference as both terms describe the four […]
Be Prepared When Crisis Hits
Many Americans have been left confused and unprepared during the global coronavirus pandemic. There are numerous reports of shortages of antibacterial hand sanitizer, disinfecting wipes, and even toilet paper. While we can’t predict when something like COVID-19 might strike, we can take steps to prepare for an unexpected crisis to help reduce the stress on […]
Life Insurance Tips
The coronavirus pandemic has made us reevaluate our mortality, and consider if we were to perish, how our loved ones will be cared for. Life insurance can be an affordable way to provide for our children, a spouse, a sibling, aging parents, and other loved ones. Life insurance can provide heirs numerous benefits: extra income […]
Power of Attorney at Age 18
It might be hard to imagine but, when your child turns 18, overnight, they become an adult. Now your child is free to vote, marry, apply for a credit card, make medical and financial decisions, sign contracts, and live independently. No wonder the law calls this coming of age “emancipation.” But if your adult […]