"Early planning is always best," is a statement found in nearly every online or print informational about estate law. It is a good message, but many people ignore that message. You or your parents might even be one of them.
Additional documents in estate planning
People in New York who are in the process of planning their estates may need more than a will or a trust. It is also important to think about their health care and finances in the event that they become incapacitated.
The political landscape and Medicaid planning in 2016
Many New Yorkers who are nearing retirement age begin thinking about what they will do in the event they eventually need nursing home care. One aspect of planning for this major expense involves Medicaid planning. This includes a consideration of what they will need to do to make certain they are eligible for Medicaid coverage to pay for the expensive nursing home care instead of paying for it out of pocket.
