Category Elder Law

Reverse Mortgage Basics – A Framework for Analysis

by Bryan Lane Berson, Esq.  A. The Difference between Reverse and Forward Mortgages A reverse mortgage is a loan secured by your home. It is a source of funds for homeowners who are 62 or older and who meet certain conditions. Under the terms of a typical reverse mortgage, a borrower’s debt increases and equity […]

Incorporating Long-Term Care Insurance into an Elder Law Plan in NY

by Bryan Lane Berson, Esq. As life spans have increased, so have chronic ailments associated with aging and the demand for personal care. Alzheimer’s disease and organic cognitive impairment (senility) are the leading causes for personal care needs. Costs for this care are exorbitant. The New York State median cost for a private room in […]

Incapacity and Guardianships in New York

by Bryan Lane Berson, Esq. If you become physically or mentally incapacitated due to injury or illness, who will act on your behalf? Without a health care proxy (HCP), who will consent to surgical procedures for you? Without a living will, how will your doctor know your preferences with regard to end of life decisions? […]

Elder Law and Medicaid Planning for Nursing Care in NY

by Bryan Lane Berson, Esq. A. Introduction An estate plan implements documents to administer and transfer property and delegate decision-making authority. In other columns, I discussed trusts, wills, powers of attorney, health care proxies, and living wills. Elder law and Medicaid planning are a special form of estate planning. In New York, 58 separate districts […]