Articles tagged with: Estate Planning

Veterans Medical Benefits

Posted by: Maryellen McKeon, Senior Vice President of Operations

Dear Maryellen, 

Are you aware of the VA Aid & Attendance?

My husband and I are beginning to research assisted living communities on Long Island for his father. His dad is a veteran who currently receives his health care and prescriptions from the local VA. In trying to determine what his budget for assisted living might be we wondered if these types of communities have relationships with the Department of Veterans Affairs? We would ideally like him to be able to continue seeing his VA physicians and having his medications covered through his VA benefit. Is that possible if … read more

Posted in: Transitioning to Assisted Living
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Estate Planning of Digital Assets

Posted by: The Bristal

Photo albums, diaries, and letters are rapidly being replaced by their electronic counterparts. These are referred to as digital assets. Personal property like photos and journals can tell your life story, and passing that story on to your loved ones is a significant component of estate planning. These digital assets may be priceless and have profound sentimental value. However, unlike in the past when such personal assets were in physical form, the location of your digital personal assets may be unknown to family and friends. They may be stored on your home computer, a flash drive, an external hard … read more

Posted in: Caregiving & Family
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Veterans Benefits For Assisted Living

Posted by: The Bristal

As you consider assisted living for your loved one, your first question might be: Can we afford it? Your second question should be: Are there any government benefits that can help us meet the costs of assisted living? The answer is “yes” if your loved one is a Veteran or the surviving spouse of a Veteran.

Many Veterans don’t realize that they may be eligible for benefits from the Veterans Administration. The Aid and Attendance benefit is a non-service connected pension benefit for Veterans or spouses who need assistance with the activities of daily living, such as bathing, feeding, grooming … read more

Posted in: Transitioning to Assisted Living
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Protecting Assets: Do You Need a Trust?

Posted by: The Bristal

As you plan for your loved one’s needs, what steps should you be taking to protect assets? Should you set up a trust and if so, how do you know what kind of trust is right for you?

There are many different kinds of trusts which serve different purposes. Testamentary trusts are created in a Will and do not hold any property until the person passes away. Living trusts are created during lifetime and property is transferred into the trust right away. Trusts are not one size fits all; some trusts serve to reduce or eliminate estate taxes, others are … read more

Posted in: Caregiving & Family
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LTC Insurance

Posted by: The Bristal

Dear Readers,

Did you know that Long Term Care Insurance will cover some assisted living costs and help with the ADL’s (Activities of Daily Living) at your home? This kind of coverage can be instrumental in protecting your assets, or those of your parents, when urgent or long term care are needed. Check out this link for more information and for a free quote.

http://www.insure.com/articles/longtermcare/8-long-term-care-insurance-myths.html?WT.qs_osrc=fxb-118252710

Regards,
Maryellen McKeon

Posted in: Dear Maryellen, Senior Care
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Financial Assistance for Vets

Posted by: The Bristal

Dear Maryellen,

I just wanted to thank you for all you do for seniors and their families each and every day at The Bristal. Please help us get the word to our senior veterans and surviving spouses regarding the VA’s “Non-Service Connected Disability Pension.” Direct them to our site at www.seniorvet.org to see if they may be able to get this wonderful VA benefit. All services are provided free to families as required by Federal Law. Happy Holidays. -David Bolser

Dear David,

Thank you so much for posting that information. I frequently answer inquiries about the availability of financial … read more

Posted in: Dear Maryellen, Senior Care
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