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...
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Ridgewood Estate Planning Blog
What courts look at regarding dueling wills
On Behalf of The Manna Helmy Law Group | Aug 6, 2019 | Wills
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...
Should your parent change a will after remarrying?
On Behalf of The Manna Helmy Law Group | Jun 11, 2019 | Wills
Your father is nearing retirement and wants to ensure he has enough invested to last him through the rest of his life. Your mother passed away years ago, and your father has not shown an interest in entering a new relationship – until now.A stepmother is a new...
How long does it take heirs to receive inheritances?
On Behalf of The Manna Helmy Law Group | Apr 15, 2019 | Estate Planning
When developing an estate plan, it is paramount to understand your state's laws to avoid as many fees and taxes as possible. New Jersey is one of the only states to have inheritance taxes, but spouses, siblings and children are typically exempt. When...
Will the inheritance tax laws in New Jersey affect you?
On Behalf of The Manna Helmy Law Group | Feb 19, 2019 | Inheritance And Estate Tax
There are a few states that collect inheritance taxes after someone dies, and New Jersey is among them.If you are an heir to a deceased New Jersey resident, will you have to pay an inheritance tax on the assets you receive? Not necessarily. The inheritance taxAlso...
3 important discussions to have with an aging parent
On Behalf of The Manna Helmy Law Group | Dec 24, 2018 | Medicaid Planning / Nursing Home Planning
When you were a child, you relied on your parents for virtually everything. As your mother or father reaches the final stages of life, though, you may need to become the caregiver. While it can be challenging to watch a parent age, you can likely ease the...
Does being on Medicaid limit nursing home choices?
On Behalf of The Manna Helmy Law Group | Oct 30, 2018 | Medicaid Planning / Nursing Home Planning
Part of estate planning for your parents is finding out where they will stay for the remainder of their days. They could stay in their own home and receive care, they could move to an assisted living facility or they could go to a nursing home.Of course, all these...
How to start talking about estate planning with your parents
On Behalf of The Manna Helmy Law Group | Sep 4, 2018 | Estate Planning
Estate planning involves creating a comprehensive plan that encompasses end-of-life financial and health care directives as well as tools for asset distribution and management after death. As an adult child of elderly parents, facing the reality of your parents'...
Advanced health care directive checklist
On Behalf of The Manna Helmy Law Group | Jul 8, 2018 | Estate Planning
There are many provisions in an estate plan that may come into effect well before you pass away. Health care directives are essential in any estate plan, which is why nearly 37 percent of Americans include them, according to Reuters. With such directives, you can...
The benefits of irrevocable living trusts
On Behalf of The Manna Helmy Law Group | May 10, 2018 | Trusts
Regardless of whether you are just beginning the estate planning process, or you have had plans in place for years, you may have heard the term “irrevocable living trust” thrown around and found yourself wondering exactly what it means.Essentially,...