Estate Planning

Refers to the process of planning for what will happen to an individual's assets in the event of his/her death. This generally requires an attorney's involvement.

More Common Terms

  • Long Term Care Insurance A type of insurance coverage for long term care expenses. Most policies are sold to individuals through insurance agents but employers can also offer long term care insurance at a group discount. With an employer group policy, the insurance company i...
  • Convalescent Home Better known as skilled nursing facilities (SNF) or nursing homes, these State-licensed facilities provide a therapeutic environment for individuals who require rehabilitative care or cannot live independently or in an assisted living enviroment due ...
  • Adult Day Services Also known as adult day care or respite care, adult day services are community-based group programs designed to meet the needs of functionally and/or cognitively impaired adults. These facilities offer programs that provide a mixture of health, socia...

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