| Read Time: 4 minutes | Estate Planning

Talking About Estate Planning with Parents and Retirees

Of all the awkward conversations to have with your parents, discussing their death might top them all. However, talking about estate planning with parents and retirees is important and necessary. In this blog, we discuss the importance of an estate plan and share tips on having this important conversation with your mom and dad. If you need someone to...

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| Read Time: 4 minutes | Probate

Why Do You Need a Lawyer for Probate Matters?

For most people, probate is an unfamiliar process that they are suddenly faced with after losing a loved one. In the midst of grieving, you’re trying to navigate a legal proceeding that involves paperwork and deadlines. That’s where a probate lawyer comes in. At the Law Office of Andrew M. Lamkin, P.C., we help families in New York through probate...

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| Read Time: 4 minutes | Elder Law

Elder Law Mediation Keeps The Family Together

Caring for an aging parent can be emotional and bring up old, unresolved issues between family members. It is not uncommon for families to disagree on what their mom, dad, or grandparent needs. Everyone has a different opinion and solution. Not only can these disagreements damage family relationships, but they may be detrimental to the elderly person’s care. With...

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| Read Time: 4 minutes | Estate Planning

Why Do You Need Asset Protection?

You spend your whole life building wealth and gaining financial stability so you can breathe easier as you near retirement. Without protecting your assets, you might be left holding your breath instead. Asset protection planning uses financial and legal strategies to safeguard your assets from creditors, lawsuits, seizure, and taxation. When you create a solid asset protection plan, you...

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| Read Time: 4 minutes | Medicaid

How Can Medicare and Medicaid Help With Costs?

As of September 2021, 3,703,618 New Yorkers were enrolled in Medicare, and 7,213,006 had Medicaid. While you’ve probably heard of both Medicare and Medicaid, they are two different programs that help you pay for healthcare. Each program provides different benefits and has different costs. Your attorney can help explain the advantages and disadvantages of each program based on your...

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| Read Time: 4 minutes | Estate Planning

Guide on How to Create an Estate Planning Blueprint

No one likes to talk about what will happen after they die. Still, knowing that your assets will be distributed the way you wish and that your family will be cared for after your death can be a massive weight off your shoulders. Although many people believe that estate planning is very important, only 40% of Americans had a...

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| Read Time: 4 minutes | Medicare

Understanding The Importance Of Medicare Options

If you want to afford doctor’s visits and hospital care as you get older, you should know about enrolling in a Medicare health plan. While the tax penalties for failing to have health insurance ended in 2019, it’s still important to have coverage to protect your savings, home, and other assets. One study found that a person who did...

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| Read Time: 4 minutes | Estate Planning

How Can I Use Estate Planning To Prepare For Medicaid?

The Medicaid program can help you pay for nursing home care or home healthcare as you grow older. Most people pay for care out of savings, then apply for Medicaid once their assets are “spent down.” Of the 294 surveyed Medicaid applicants approved in 2012, 14% had over $100,000 in total resources. Therefore, estate planning and Medicaid go hand...

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| Read Time: 4 minutes | Medicaid

Who Will Be Responsible For A Medical Debt After Death?

Before a loved one passes, they may spend some time in the hospital. Hospital bills and treatment expenses can add up quickly, especially with a progressive illness like cancer that requires expensive care. Debt collectors may start calling you at all hours, even while experiencing bereavement. Rest assured that the law is in your favor. In most cases, spouses...

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| Read Time: 4 minutes | Estate Planning

Is a Healthcare Proxy in an Estate Plan Important?

If you’re starting to worry about what will happen to you and your family as you age, it’s time to consider choosing a healthcare proxy. A healthcare proxy is an important part of any estate plan. A well-planned estate eases the burden on your family. It explains your wishes for after your death as well as for your medical...

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