Parents want their children to be taken care of after they die. But children with disabilities have increased financial and care needs, so ensuring their long-term welfare can be tricky. Proper planning by parents is necessary to benefit the child with a disability, including an adult child, as well as assist any siblings who may be left with the caretaking responsibility. Special Needs Trusts The best and most comprehensive option to protect a loved one is to set up a special needs trust (also [...]

Each year, thousands of workers across New York State are injured in construction site accidents. The physical, emotional, and financial costs associated with these accidents can be devastating to workers and their loved ones. Fortunately, New York State Labor Laws give injured workers and their families the chance to obtain full compensation for their injuries. According to the Occupational Safety and Health Administration, construction site accidents are one of the leading causes of workplace [...]

After a Medicaid recipient dies, the state must attempt to recoup from his or her estate whatever benefits it paid for the recipient's care. This is called "estate recovery." For most Medicaid recipients, their house is the only asset available, but there are steps you can take to protect your home. Life estates For many people, setting up a "life estate" is the simplest and most appropriate alternative for protecting the home from estate recovery. A life estate is a form of joint ownership of [...]

It is a very good idea to create advance directives in order to plan for the possibility that you may one day be unable to make your own medical decisions. In doing so, there can be confusion about the difference between a living will and a "do-not-resuscitate" order (DNR). While both these documents are advance medical directives, they serve different purposes. A living will is a document that you can use to give instructions regarding treatment if you become terminally ill or are in a [...]

Nursing home and long-term care costs continue to rise and it is difficult to qualify for Medicaid to pay for nursing home costs. Long-term care insurance can help cover expenses, but long term care insurance contracts are notoriously confusing. How do you figure out what is right for you? The following are some tips to help you sort through all the different options. Find a strong insurance company The first step is to choose a solid insurance company. Because it is likely you won't be using [...]