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What Are the Different Types of Trusts in New York?

By Meyer & Spencer, P.C. |

When you are planning to develop an estate plan with an estate planning attorney, you may be considering the benefits of establishing a trust. There are many different reasons to create a trust, but it is important to understand that there are distinct types of trusts that have different parameters and purposes. Your estate… Read More »

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How to Protect Assets from Medicaid

By Meyer & Spencer, P.C. |

Older adults in Westchester County should be prepared for the possibility of needing costly long-term care in a nursing home or assisted-living facility in the state of New York. Like other states across the country, New York has a “lookback period” for purposes of Medicaid, which is the period prior to applying for Medicaid… Read More »

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What Are the Risks If I Avoid Estate Planning?

By Meyer & Spencer, P.C. |

Anyone in or around our area (Westchester County and Putnam County) should consider estate planning, regardless of their age or their relative health. Yet many people put off estate planning until they are older, or until they learn that they are facing a serious illness. It is important to know that there are significant… Read More »

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ElderLaw5

Should I Plan Differently for the Costs of Care in a Nursing Home Versus an Assisted-Living Facility?

By Meyer & Spencer, P.C. |

You might be wondering if your long-term care planning should look significantly different for nursing home care as compared to assisted living or in-home care. Ultimately, when you are doing long-term care planning, it is important to plan for any conceivable scenario and to recognize that costs are high no matter what type of… Read More »

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ElderLaw4

Do I Need Advance Directives?

By Meyer & Spencer, P.C. |

When you are planning to work with an attorney for an advance care directive in Westchester or Putnam County on a will or the creation of a trust, you might also come across information about advance directives. While advance directives may not be as commonly discussed as wills, they are a critical element of… Read More »

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What You Should Know About Long-Term Care Insurance

By Meyer & Spencer, P.C. |

If you are thinking about planning ahead for long-term care and asset protection, it is important to understand how long-term care insurance works, the reasons people pay for it as a means of asset protection in the future, the costs of long-term care insurance, and the different types of plans that may be available… Read More »

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ElderCPlan

Should I Create a Trust?

By Meyer & Spencer, P.C. |

Regardless of your age or whether or not you have children, you should be thinking about estate planning and the steps you should take with assistance from an estate planning attorney. One of the estate planning topics you may be considering is whether to create a trust. There are many different types of trusts… Read More »

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How Does the Medicaid Lookback Period Work?

By Meyer & Spencer, P.C. |

If you are anticipating that you will need to take advantage of Medicaid’s long-term care insurance program, or if you have an elderly parent or loved one who will soon need long-term care, it is more important than ever to think about asset protection and to learn more about how the Medicaid lookback period… Read More »

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5 Things to Know About Guardianship Cases Involving Older Adults

By Meyer & Spencer, P.C. |

Realizing that your elderly parent or other elderly relative is struggling to make important decisions as a result of Alzheimer’s disease or another form of dementia, it could be time to find out about adult guardianships.  An adult guardianship can allow you to protect your elderly loved one’s interests when that person is incapacitated…. Read More »

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Estate Planning Updates After a Divorce

By Meyer & Spencer, P.C. |

If you are planning for a divorce or have recently gotten divorced, you need to reevaluate your estate plan.  Even if you have been divorced for a year or two and have not spoken with an estate planning lawyer about updating your Will or changing beneficiaries, it is not too late.  In fact, now… Read More »

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