No one looks forward to planning for their own end-of-life needs, and for reasons that are entirely understandable. Estate planning forces us to confront our own mortality, which is difficult for many people to take on. However, there are important aspects of one's...
Month: February 2014
Check facility ranking during nursing home planning
On behalf of Michael A. Manna & Associates | Feb 26, 2014 | Medicaid Planning / Nursing Home Planning
For New Jersey families who are looking into their options for late-life care facilities, there are a number of tools and resources available. One of those lies in the yearly ranking of nursing homes conducted by U.S. News and World Report. The annual evaluation is...
Estate planning regarding foreign nationals
On behalf of Michael A. Manna & Associates | Feb 21, 2014 | Estate Planning
The vast majority of estate planning advice is tailored to a family in which all members are American citizens. When an individual is married to a foreign national, things typically become a bit more complicated. The same applies to a New Jersey couple in which both...
Lending to family can be good estate planning tactic
On behalf of Michael A. Manna & Associates | Feb 19, 2014 | Estate Planning
As the economy continues on a slow path toward recovery, many young families are struggling to move ahead with their lives in the manner they once intended. Loans are increasingly harder to come by, especially for those just starting out in life. In such cases, many...
Medicaid planning must be realistic
On behalf of Michael A. Manna & Associates | Feb 14, 2014 | Medicaid Planning / Nursing Home Planning
For many in New Jersey, estate planning includes an estimation of how Medicaid will factor into one's later years. Medicaid provides many services to the American elderly population, such as covering the cost of doctor visits, medical procedures and medications....
Estate planning 101: Why you need a will
On behalf of Michael A. Manna & Associates | Feb 12, 2014 | Estate Planning
Very few New Jersey residents relish the thought of planning for the end of their lives. However, estate planning is a serious matter, and there is a real and pressing need to complete this process in a timely manner. Failing to do so can leave loved ones with little...
Estate planning is important, no matter the income level
On behalf of Michael A. Manna & Associates | Feb 7, 2014 | Estate Planning
There may be some New Jersey readers who believe that estate planning is only for those with a certain amount of wealth or high-value assets. However, estate planning is a vital step for all walks of life, no matter the income level. This step can protect children and...
Billionaire’s complex estate plan partially sealed
On behalf of Michael A. Manna & Associates | Feb 5, 2014 | Estate Planning
After a court proceeding, a court has agreed to partially seal some of the details of billionaire Harold Simmons' complex estate plan. The family has requested that the judge seal his entire will from the public, claiming that the complex estate plan could bring...
Existing estate planning documents should be updated regularly
On behalf of Michael A. Manna & Associates | Feb 3, 2014 | Estate Planning
A person should probably update his/her estate plan at least every five years. However, changes may be needed even sooner than that in some instances. There are a number of issues to keep in mind for determining whether it's time to update. The first thing a person...
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