Posts by Vanessa Carlson
Lifetime Money Management for Children With Disabilities
Children with disabilities present a unique challenge for parents who are looking to engage in estate planning. For one, you will want to optimize your estate to use, enhance, and enrich assets for your child. At the same time, maintaining their enrollment in public benefits programs is no doubt going to be essential. To ensure…
Read MoreChoosing Trustees for Special Needs Trusts: 5 Considerations
Choosing the right person to serve as trustee of a special needs trust (SNT) is a key task when creating such a trust. It may also prove to be one of the most challenging. Trustees are responsible for the following: managing the day-to-day operations of the SNT, making distributions to the trust’s beneficiary, investing the trust’s…
Read MoreRegina Matos, Esq. Presents Estate Planning Webinar
Regina Matos, Esq., an associate with Kommer Bave & Ciccone LLP, recently presented a webinar on “Estate Planning: Terms & Concepts in Plain English” for the Senior Law Day Collaborative. The Senior Law Day Collaborative offers free educational seminars on elder law, financial planning and geriatric care management. As a Collaborative Member, Ms Matos volunteers…
Read MoreEnd-of-Life Care Decision Making
Just as we create estate plans for our eventual demise, we also need to plan ahead for the possibility that we will become sick and unable to make our own medical decisions. Medical science has created many miracles, among them the technology to keep patients alive longer, sometimes indefinitely. As a result of many well-publicized…
Read MoreWhat to Know About Creating a Living Will
Creating a living will ensures your future health care decisions and plans are respected. A living will, or advance directive, is a legal document outlining medical treatment preferences and end-of-life care if you can’t communicate or make decisions for yourself. Everyone should have an advance directive, as end-of-life situations can happen at any age due…
Read MoreNew Property Condition Disclosure Statement
Important update for future home sellers! As of March 20, 2024, any seller of residential real property in New York will no longer be able to provide their buyer with a $500 credit in lieu of the Property Condition Disclosure Statement. This Statement requires sellers to disclose specific information about any past flooding, prior issues…
Read MoreProtect Your House When You Want to Qualify for Medicaid
You generally do not have to sell your home to qualify for Medicaid for nursing home coverage. However, it is possible for the state to file a lien against your home after you die. So, you may want to take steps to protect your house. If you get help from Medicaid to pay for the…
Read MoreHow to Plan Ahead Before Seeking Nursing Home Care
Many seniors may need the services of a nursing home or at-home care at some point in their lives. You might assume that government assistance or health insurance will step in and cover the cost if you cannot afford these services. Unfortunately, neither health insurance nor Medicare covers long-term care. Long-term care insurance is an…
Read MoreBuilding an Estate Plan for Adult Children with Disabilities
Parents of adult children with disabilities know that their child’s disability needs may change over the course of their lifetime. Planning for the future well-being of an adult child with disabilities is, therefore, a responsive, ongoing process. The life expectancy of many adults with disabilities has increased over time. For example, according to research, life…
Read MoreDon’t Wait Too Long to Purchase Long-Term Care Insurance
Long-term care insurance can cover nursing home bills, assisted living fees, and in-home care, providing financial support if you require assistance with daily living when you get older. However, it can also be expensive. Determining the best time to buy long-term care insurance can help you manage your finances effectively as you prepare for the…
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