Family members, including spouses and children, often do not know how to react appropriately during a sudden medical emergency. Some people never discuss uncomfortable topics, such as their health care preferences during incapacitation. Others may have had those...
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Ridgewood Estate Planning Blog
On what grounds can you be removed as an executor of an estate?
On Behalf of The Manna Helmy Law Group | Jan 22, 2025 | Probate
When you were asked by a family member or friend to be the executor of their estate, you were likely appreciative that they placed their faith in you. The reality of administering an estate, however, is often far more challenging than most people expected. Even if the...
Including your grandchildren’s education in your estate planning
On Behalf of The Manna Helmy Law Group | Jan 20, 2025 | Estate Planning
For many people, an important part of their estate planning involves providing financial resources for their grandchildren’s college education. This can help parents who otherwise couldn’t afford college for their kids be able to give them that advantage. It can also...
How does guardianship fit into an estate plan?
On Behalf of The Manna Helmy Law Group | Jan 9, 2025 | Estate Planning
Guardianship is a crucial component of estate planning that provides legal protection for individuals who cannot make decisions for themselves. It grants someone the authority to care for and make decisions on behalf of another person, known as the ward. Guardianships...
Understanding 2024 gift tax limits and exemptions for New Jersey residents
On Behalf of The Manna Helmy Law Group | Aug 22, 2024 | Estate Planning, Inheritance And Estate Tax
As we move through 2024, New Jersey residents may need to understand the current gift tax limits and exemptions. The Garden State does not impose its own gift tax, but residents must still adhere to federal gift tax regulations. The annual gift exclusions For 2024,...
Clearing up common Medicaid misconceptions
On Behalf of The Manna Helmy Law Group | Apr 18, 2024 | Medicaid Planning / Nursing Home Planning
Medicaid is a government program that helps cover medical costs for individuals with limited income and resources. It's a joint venture between federal and state governments, offering a range of benefits from doctor visits to long-term care services. While it's a...
What kind of help do aging parents need from their adult child?
On Behalf of The Manna Helmy Law Group | Dec 6, 2022 | Estate Planning
It can be difficult to watch a loved one grow older and try to handle difficult and unavoidable obstacles on their own. As an adult yourself, though, you have the ability to provide valuable assistance to your aging parent. When matters of health and the law become...
What are gift taxes and how do they work?
On Behalf of The Manna Helmy Law Group | Oct 10, 2022 | Estate Planning
When it comes to financial matters, everyone wishes they could pay less in taxes and put more money in their own pockets. With that said, you might feel dismayed at learning that the IRS even has a gift tax policy to which you might be beholden. The IRS definition of...
3 questions to ask when choosing a trustee
On Behalf of The Manna Helmy Law Group | Feb 17, 2022 | Estate Planning
Choosing the right tools to build your estate plan is an important way to provide for your loved ones and achieve your financial goals. However, when you create a trust as part of your estate plan, the person you choose to manage that trust is as important as the...
What assets and matters get overlooked in estate planning?
On Behalf of The Manna Helmy Law Group | Jan 20, 2022 | Estate Planning
The importance of thoroughness cannot be understated with estate planning. As people review each asset and matter with estate planning, some may fall through the cracks, getting overlooked. Sure, you address what happens to your house, real estate, motor vehicles and...
Recent Posts
- What do people include in their medical advance directives?
- On what grounds can you be removed as an executor of an estate?
- Including your grandchildren’s education in your estate planning
- How does guardianship fit into an estate plan?
- Understanding 2024 gift tax limits and exemptions for New Jersey residents