Should I Purchase Long-Term Care Insurance?

Buying long-term care insurance is one way to protect against the high cost of long-term care. However, this type of insurance may not be for everyone, so consider all your options. Long-term care – care in a nursing home or at home — may be paid for in four main ways:  Out-of-pocket. If you have sufficient resources, you can pay … Read More

Checklist: Hiring a Home Care Provider

Most people prefer to be cared for in their home rather than a nursing home but finding a home care provider for you or a loved one can be daunting. The following are some things to keep in mind when looking for a caregiver. Level of care The first thing to consider is what level of care is needed. This … Read More

What is the Difference Between Elder Law and Estate Planning?

Elder law and estate planning serve two different—but equally vital—functions. The main difference is that elder law is focused on preserving your assets during your lifetime, while estate planning concentrates on what happens to your assets after you die. Elder law planning is concerned with ensuring that seniors live long, healthy, and financially secure lives. It usually involves anticipating future … Read More

Paying Family Members to Provide Care for Special Needs Individuals

new mexico estate planning and caregiver attorney

The Special Needs Alliance recognizes, paying a relative to care for a family member with disabilities can solve several challenges. This solution allows the individual requiring care to remain at home, where they likely feel most comfortable. As The Caregiver Space observes, paying a family member also acknowledges the important work they do and compensates them for the financial sacrifices … Read More

When Should You Review Your Estate Planning Documents?

First, let’s clarify what your estate planning documents are. Of course, they include your Will and any Codicils, and perhaps your trust or trusts. But they also include any powers of attorney (both financial and health care) as well as all beneficiary designations for life insurance, retirement plans, annuities and transfer on death accounts. A thorough review of your estate … Read More

Special Needs Planning – For You and Your Child

Just like parenting a typically developing child, parenting a Special Needs Child is full of challenges and rewards.  Milestones are anticipated and often met, but many times much later than the typical age and often with much therapy, intervention and work.  While there are many books and articles about parenting children with various special needs, every child is different and … Read More

Planning for Long Term Care

Helpful Tips to Help You and Your Loved Ones Plan For Long Term Care Caring for a disabled family member can be exhausting and navigating the system for public benefits to provide for your loved one’s ongoing financial security only increases the burden.  Here are some helpful tips to get you started with long-term care. Start Planning EARLY! Nobody knows … Read More