Monthly Archives: December 2022
Providing For A Pet In An Estate Plan: A Guide To Pet Trusts In New York
According to data from the American Veterinary Medical Association (AVMA), Americans collectively own approximately 140 million pets. For many, pets become true members of the family. If your pet is important to you, it is worth considering them as part of your estate plan. In New York State, a pet trust is an option… Read More »
When, How, And Why To Use A HIPAA Release As Part Of Your Estate Plan
The Health Insurance Portability and Accountability Act (HIPAA) is a federal law that protects the confidentiality of sensitive medical records. It requires doctors, medical providers, and insurers to keep records private. A HIPAA release is an estate planning tool that people can use to allow trusted family members and/or loved ones to access their… Read More »
Long-Term Care Planning In New York: What Is A Medicaid Spend Down?
Long term care planning is an essential part of estate planning. There may come a day when you, your spouse, or your loved one needs significant supportive care. Long term care is extremely expensive. According to data from U.S. News and World Reports, the median annual cost of a private room in a nursing… Read More »