On behalf of McMahon Law Firm, Attorneys and Counselors at Law | Jun 20, 2019 | Care Planning
The thought of paying for their long-term care can create a lot of financial anxiety for many families in New York. According to the U.S. Department of Health and Human Services’ Administration on Aging, most individuals who are older than 65 will need some form...
On behalf of McMahon Law Firm, Attorneys and Counselors at Law | Feb 21, 2018 | Care Planning
New York residents who are planning for retirement are generally focused on income streams, managing risk, minimizing tax implications and Social Security. A key aspect of planning for retirement is the inclusion of health care planning. Many financial planners fail...
On behalf of McMahon Law Firm, Attorneys and Counselors at Law | Dec 19, 2017 | Care Planning
New York residents who are creating or reviewing their estate plan might also want to think about long-term care planning. People may have planned carefully for retirement, but there might still be unexpected costs associated with long-term care. It is estimated that...
On behalf of McMahon Law Firm, Attorneys and Counselors at Law | Dec 5, 2017 | Care Planning
Older veterans and the surviving spouses in New York and the rest of the country may be entitled to certain long-term care benefits to which they may not be aware. These Veterans Administration benefits could help to alleviate some the financial burden brought on by...
On behalf of McMahon Law Firm, Attorneys and Counselors at Law | Oct 11, 2017 | Care Planning
New York residents might not need long-term care when they are in their 50s. However, it’s best to plan for such things ahead of time. Those who do need care for an extended period may choose to pay for it themselves, use government benefits or let an insurance...
On behalf of McMahon Law Firm, Attorneys and Counselors at Law | Jun 22, 2017 | Care Planning
Two thirds of older Americans in New York and elsewhere have not put away funds for future care expenses. A survey by The Associated Press-NORC Center for Public Affairs Research, which polled 1,341 Americans, revealed this number. The fact that the majority of older...
On behalf of McMahon Law Firm, Attorneys and Counselors at Law | Mar 27, 2017 | Care Planning
Recently, you may have begun thinking about advance directives because someone close to you was hospitalized suddenly. Perhaps your brother-in-law was admitted following a stroke. He was unable to speak and was completely dependent on the medical staff to make...
On behalf of McMahon Law Firm, Attorneys and Counselors at Law | Mar 7, 2017 | Care Planning
When you find that your elderly parent needs the kind of help you can no longer provide, it may be time to consider a move to an assisted living facility. Your first thought may be about a nearby home, one you have admired because of its beautiful landscaping and...
On behalf of McMahon Law Firm, Attorneys and Counselors at Law | Mar 1, 2017 | Care Planning
Long-term care is a reality that many people may have to face as they age. Individuals living in New York who are concerned about their long-term care or that of elderly loved ones should have a realistic view of what it entails. 70 percent of people who are 65 years...
On behalf of McMahon Law Firm, Attorneys and Counselors at Law | Feb 17, 2017 | Care Planning
By law, assisted living facilities must provide residents with the highest feasible level of care in terms of physical, mental and social well-being. If the facility receives federal funds, it must meet certain standards as set forth in the Nursing Home Reform Act of...
