A recent article in the Star-Ledger discussed the problems a convicted felon could potentially face in acting as the executor of a will. In short, while there are not, in New Jersey, any laws to prevent a convicted felon from serving as an executor, there may be some...
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Ridgewood Estate Planning Blog
Caregiver agreements an important part of Medicaid planning, P.2
On Behalf of The Manna Helmy Law Group | Mar 16, 2011 | Medicaid Planning / Nursing Home Planning
In our previous post, we began discussing an often overlooked aspect of Medicaid planning, namely caregiver agreements. We noted that the value of such agreements lies in their ability to prevent the recipient of health and financial management services from being...
Caregiver agreements an important part of Medicaid planning, P.1
On Behalf of The Manna Helmy Law Group | Mar 14, 2011 | Medicaid Planning / Nursing Home Planning
According to sources, roughly 44 million adult caregivers provide some unpaid care to adults and seniors with disabilities. Those receiving services are elderly parents, disabled spouses, or another elderly family member. In these types of arrangements, family members...
Charitable giving planning, P.2
On Behalf of The Manna Helmy Law Group | Mar 10, 2011 | Estate Planning
In our last post, we spoke about the importance of considering all the options when setting up charitable gifts in one's estate plan. Here we want to suggest several specific gifting options available to donors. The following are some techniques to keep in mind for...
Charitable giving planning, P.1
On Behalf of The Manna Helmy Law Group | Mar 8, 2011 | Estate Planning
Estate planning can involve a number of strategies depending on the donor's specific situation and goals. One of those goals, for many individuals, is charitable giving. Charitable giving is something many people wish to do as they begin to form their estate plan....
The importance of asset protection planning
On Behalf of The Manna Helmy Law Group | Mar 4, 2011 | Asset Protection
The basic idea behind asset protection planning is the preservation of your life's savings, to ensure that the wealth you have accumulated will be available to pass on to those to whom you wish to leave it. What individuals may not realize is that many common...
Settling a simple will
On Behalf of The Manna Helmy Law Group | Mar 1, 2011 | Probate
Not all wills are complicated and difficult to carry out. Many individuals find themselves in the situation where a parent dies, leaving a simple will with very few assets. To take a simple example, a will left by a husband may leave the entire estate to the wife....
The Importance of Medicaid planning
On Behalf of The Manna Helmy Law Group | Feb 25, 2011 | Medicaid Planning / Nursing Home Planning
In our previous post we began looking at the story of a 74-year-old man who is being evicted from the home owned by the elderly woman for whom he has been caring for 38 years.Here we continue that story and look a bit more at the importance of Medicaid planning. As...
Forced home sale for elderly can be traumatic
On Behalf of The Manna Helmy Law Group | Feb 24, 2011 | Medicaid Planning / Nursing Home Planning
Medicaid related property seizures can be traumatic and surprising for all those involved. A recent story in the Columbus dispatch highlights the importance of Medicaid planning.The story spoke of an elderly man how had cared for many years for an elderly woman. But a...
2011 changes in gift tax encourage large-scale giving
On Behalf of The Manna Helmy Law Group | Feb 15, 2011 | Estate Planning, Inheritance And Estate Tax
The Wall Street Journal recently published an article discussing the recent changes in the federal gift and estate tax system. As the article points out, the changes have led to the most generous estate and gift tax rates since 1931. Gift tax prevents wealthy people...