Certified New Jersey Elder Law Attorneys

McHugh & Macri
Certified Elder Law Attorneys Serving New Jersey Residents since 1978.
Call 973-577-6010 For a Free Initial Consultation “Fee Free” Consultation

April 2013 Archives

NAELA National Academy of Elder Law Attorneys, Inc. MEMBER

Generational shifts trickle down to estate planning

When New Jersey residents take the important step to create an estate plan, they usually have simple goals in mind: to provide for and leave a legacy for their loved ones. Of course, these are good intentions, but making arrangements that aren't carefully considered can create more problems than anything else.

Accounting for uncertainty is critical in tax planning

Many New Jersey residents are diligent about preparing for retirement. Between employer-supplemented 401(k) plans and Roth IRA accounts, people take steps to provide financial security for themselves and loved ones for the post-working years. At the same time, however, even taking these steps may not make up for the losses that come without thoughtful tax planning.

Disabled New Jersey vet sees inconsistency in benefits

Over 40 years ago, a New Jersey man was serving in Vietnam. During a combat operation, the man lost one of his legs when his company was unexpectedly attacked. Since that time, he has been receiving various disability benefits from the Department of Veterans Affairs. Recently, however, he was denied a clothing allowance he has received for decades on grounds that his injury was not documented as "combat-related."

Administration doesn't propose big cuts in Medicaid funding

Over the last several months, readers in New Jersey have likely been inundated with news of federal and state government budget cuts. Along the way, many may be wondering what programs will see cuts and what personal effect the changes will have. Recently, President Obama released a budget proposal that doesn't include significant cuts to the federal Medicaid program, which may be relevant to those considering Medicaid planning for long-term care.

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