People in New York often find it hard to talk to their elderly parents about assisted living. Older adults frequently view the move to a senior living community as the end of their independence. For that reason, many seniors avoid discussing the topic out of fear and...
Do I have to wait five years for nursing home care?
On Behalf of McMahon Law Firm, Attorneys and Counselors at Law | Feb 1, 2021 | blog, Care Planning
Millions of Americans live in nursing homes. This is often the best option for those who need round-the-clock assistance. But how exactly do these people pay for this care? Most people in New York will be able to live in a nursing home because they are using Medicaid...
How can you be sure an aging loved one’s wishes are respected?
On Behalf of McMahon Law Firm, Attorneys and Counselors at Law | Sep 21, 2020 | Care Planning
The number of older Americans has skyrocketed in recent years. There are few signs it is slowing down. By 2030, one in every five Americans will be age 65 or above. It won’t be long until individuals in this age bracket outnumber children for the first time in U.S....
Tips for choosing a child’s guardian
On Behalf of McMahon Law Firm, Attorneys and Counselors at Law | Jul 11, 2020 | Care Planning, Estate Planning
Parents in New York and elsewhere have the right to name a guardian for their children as part of their estate plans. However, there are many issues that individuals should consider when it comes to determining who should raise their sons or daughters. For example, it...
Strategies to pay for long-term care needs
On Behalf of McMahon Law Firm, Attorneys and Counselors at Law | Jul 6, 2020 | Care Planning
According to the Department of Health and Human Services (HHS), an American who is 65 or older has a 70% chance of eventually needing long-term care. In many cases, New York residents and others will use Medicaid to help defray the cost of going to a nursing home or...
The real cost of long-term care
On Behalf of McMahon Law Firm, Attorneys and Counselors at Law | May 6, 2020 | Care Planning
Life expectancy for America’s retirees is on the rise. Baby boomers entering retirement today may live another 20 to 30 years. An increased life expectancy is not without complications, though. To fund 30 years of retirement, adults must plan their finances around...
Medicare says visit candidate nursing homes for your loved one
On Behalf of McMahon Law Firm, Attorneys and Counselors at Law | Mar 29, 2020 | Care Planning
A lot goes into choosing the right nursing home for a loved one, including its record and reputation, costs, and of course its location. Medicare and other experts on elder care also put a sharp focus on visiting the facility. They suggest you call ahead and make an...
Tips for talking to elderly parents about moving
On Behalf of McMahon Law Firm, Attorneys and Counselors at Law | Mar 25, 2020 | Care Planning
Senior citizens in New York and throughout the country may not relish the idea of moving into an assisted living facility. This is because they fear that they will lose their ability to live independent lives by doing so. However, older individuals may actually be...
The costs of long-term care for seniors
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 of...
Remember health care in estate planning
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...
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