With proper planning, you can preserve your home and retain control of your medical and financial decision-making. The advances in medical technology over the past two decades have allowed many people to live longer, healthier lives on their own. But these advances have also raised ethical issues as to when does life actually end. Medical technology over the next decade will facilitate treatment for diseases before they occur and sophisticated drug delivery systems which target specific parts of the body. Divorces, remarriages, unmarried couples and blended families are becoming the norm.
Wives are no longer at home to care for elderly relatives.
Traditional types of estate planning do not work for nontraditional families. Prenuptial agreements, living trusts, testamentary trusts and property ownership agreements are necessary. Public awareness of estate planning through seminars, magazines, books, newspaper articles, television, radio and personal acquaintances is greater than ever. Medicaid - New York State adopted certain provisions of the Federal Omnibus Budget Reconciliation Act of 1993, effective August 10, 1993. An inheritance or a court award will usually render a child ineligible for medicaid.