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Author Archives: Jay Butchko

AgingParent

How To Discuss Asset Protection With An Aging Parent

By Meyer & Spencer, P.C. |

Many older adults in Pleasantville and throughout Westchester County are resistant to the idea of addressing asset protection strategies and considering ways of protecting their assets in the event they require long-term care. For a number of older adults, these discussions can be unwanted because they highlight the fact that their lives are changing… Read More »

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FamilyHoliday

Reviewing Your Estate Plan Over The Holidays

By Meyer & Spencer, P.C. |

For those who have a will and advance directives, as well as other estate planning documents, it is a good idea to review these documents and their provisions annually. Because families often get together over the holidays and, as a result, various family issues — including both health and financial matters — can arise… Read More »

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LongTermPlan

What Is Long-Term Care Insurance?

By Meyer & Spencer, P.C. |

If you have an elderly parent or loved one, or if you are thinking about estate planning and long-term care planning yourself, you may be thinking about long-term care insurance. An important aspect of any asset protection strategy for older adults is long-term care insurance. Yet not all long-term care insurance is the same,… Read More »

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WillDocument2

Top Reasons To Make A Will

By Meyer & Spencer, P.C. |

Many people in Putnam County wonder if they should make a will and whether the benefits of estate planning outweigh the time and effort necessary to do so. It is important to know that making a will is not as time-consuming a process as you might think, and it is a critical one regardless… Read More »

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EstatePlan8

What You Should Know About The Medicaid Lookback Period

By Meyer & Spencer, P.C. |

Many New Yorkers in Westchester County will need to rely on Medicaid to cover the costs of nursing home care or other forms of long-term care. As you may know, Medicare is a federal health insurance program for people who are 65 and older, while Medicaid provides health care coverage to lower-income Americans. New… Read More »

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ElderlyParent

Who Makes Legal Decisions For An Older Adult With Dementia?

By Meyer & Spencer, P.C. |

Elder law in Putnam County and Westchester County is a broad area of the law that encompasses a wide range of legal issues, from asset protection to matters pertaining to nursing home rights. An important matter to consider in the area of elder law is decision-making for an older adult with dementia. When an… Read More »

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Will12

Can I Change My Will?

By Meyer & Spencer, P.C. |

People in Putnam County and Westchester County make wills at various stages in their lives. Often, when people get married or have a child, they will create a will in order to ensure that a spouse receives certain property, or to name a person to care for their child in the event of an… Read More »

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Planning4

How Do I Choose The Right Health Care Proxy?

By Meyer & Spencer, P.C. |

An important part of estate planning in Westchester County and Putnam County is creating advance directives and choosing a health care proxy to make important medical decisions for you if you become incapacitated and unable to make those decisions for yourself. Yet choosing a health care proxy can be complicated, and it is important… Read More »

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ElderCPlan

Elder Law And Medicaid Estate Recovery: How Does It Work?

By Meyer & Spencer, P.C. |

It is critical to plan ahead for Medicaid coverage for nursing home care given the very high costs. The New York State Department of Financial Services reports that nursing home care in downstate New York costs approximately $340 per day.  That’s more than $10,000 per month! Over the course of a year, the average… Read More »

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ElderCouple

How Can I Pay For Long-Term Care?

By Meyer & Spencer, P.C. |

Long-term care for older adults in Mahopac and throughout New York State is extremely expensive, and it is important for seniors to think about asset protection strategies in the event they need to pay for care in a nursing home or to move into an assisted-living facility. According to the New York State Department… Read More »

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