Most people dread the prospect of having taxes levied on their estate. While this event happens to few people, the amount that taxes can reduce an estate’s value by is significant. In New Jersey, though, not only could your estate face taxation, some of your...
Most people are forgetful from time to time. However, when you noticed your parent calling you by the wrong name, forgetting important events and generally not seeming like him or herself, you began to feel concerned, mainly because your parent had reached his or her...
You always knew that your child would one day grow up and go to college here in New Jersey or maybe out of state. This year is the year that your child reaches that milestone, and you have likely already done a lot of preparation to get him or her ready to head off to...
If you are beginning to think about your future and the possibility of eventual nursing home care, you are probably also thinking about Medicaid and its connection to nursing home eligibility.You want your assets to go to your heirs rather than spending down to meet...
Medicaid is one of the many government programs that most people need help to navigate successfully. The rules change frequently and there are new requirements for 2020.In New Jersey, residents 65 years of age and older may qualify for various Medicaid programs as...
There are several important estate planning tools, but perhaps none more essential to peace of mind than financial powers of attorney and advance directives or medical proxies.Both documents can go into effect during your lifetime. They represent thoughtful planning...
If you are in the process of creating or updating your estate plans, you may want to think about incorporating a trust to help protect your legacy. Trusts are not for everyone. Many people who have basic assets and wealth do not necessarily need to have trusts....
When most people think of an estate plan, they think of physical belongings, such as property and cash. However, in today's world, people now need to determine what to do with digital assets, such as social media accounts and projects that exist solely on a hard...
When your aging parent loses physical and/or mental functions, you may worry about what to do. One option is to become a full-time caregiver for your mom or dad. While this may save you some money, it may not be good for your parent or your health. You may look at...
A will is an important aspect of an estate plan. It allows the estate holder to designate his or her estate as desired.Sometimes, parties may update their will. If the previous will is not properly discarded, or if the new will is not presented to all involved...
