Author name: Gerov Media

When it comes to estate planning, older Americans are typically more prepared than their younger counterparts. However, according to survey data, only 19 percent of people over the age 72 and 42 percent of those between 53 and 71, have an established estate plan. Although managing these details can seem daunting, and even depressing, the task […]

American consumers are seeking affordable long-term support services at a higher rate than before. Costs are exorbitantly expensive whether you struggle to pay premiums for a long-term care insurance policy or monthly bills from a nursing home. The US Department of Health & Human Services (HHS) finds that Americans aged 65 or more have a

It is lamentable that criminals come out of the woodwork whenever people are vulnerable or in need, and nobody needs reminding, these days, how many of us are in precisely that condition. The opportunities to exploit fear and need are especially rich and varied in the COVID-19 environment. ABC News reports that as of April 10, the

Wills and trusts have specific yet differentiating benefits for estate planning. Each state has specific laws and regulations governing these legal documents. You can have both a will and a trust; the information in each should complement the other. The most significant difference between a will and a trust in New York is probate court,

When your child turns 18 (in most states), it might be hard to imagine that little child who once needed you for everything has now become – overnight – 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

For care providers and aging seniors in the information age, the future is now. While still with some challenges, adoption of virtual care as a standard in senior living and aging services has become a fully integrated and accepted practice to overcome obstacles in senior healthcare. Virtual care techniques have been in use for over

A New York special needs trust is a unique instrument designed to protect the assets of a loved one who receives benefits due to a mental or physical disability or payments arising from personal injury. A special needs trust will hold the assets of a disabled person and distribute funds in a manner that allows

The purpose of long-term care is to meet health needs for an extended time in New York. These services help aging Americans live as independently and safely as possible when they can no longer perform everyday tasks and activities on their own. The Importance of Long-term Care Planning with an Experienced New York Elder Law

Understanding the Concept of a Special Needs Trust A trust is a powerful tool for ensuring your assets benefit the people and organizations you care about after you’re gone. By carefully considering who will manage it, what conditions are included to guide its use, and how taxes apply, trusts can help ensure that things happen