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Certified Elder Law Attorneys Serving New Jersey Residents Since 1978.

elder law Archives

Make estate planning and care planning a priority

Young or even middle-age adults in New Jersey may think that since retirement is decades away, they can wait to execute an estate plan or care plan, and even retirement planning in these early years is not so important. However, retirement planning and estate planning should be done as soon as one is able to do so. This way, they can protect themselves and their loved ones once they have retired and are physically or mentally unable to care for themselves.

Don't count out long-term care insurance for care planning

Long-term care insurance has gotten a bad rap lately. People claim it is too costly, and that they'll be better off relying on Medicare and retirement savings when the time comes. However, what people in East Hanover and elsewhere need to keep in mind is that Medicare will not cover everything. In fact, the median cost for stay in a nursing home in a private room is $97,255 annually. If a person is relying on Medicare and retirement savings, they may find that they quickly burn through these resources.

We assist New Jersey residents with their power of attorney

One of the most valuable documents a person in New Jersey can include in their estate plan is a durable power of attorney. In this document, a person can select someone who will make financial decisions on the person's behalf should the person be physically or mentally unable to do so. Without a power of attorney, guardianship must be ordered by the court, which can be costly both in time and money. However, it is important that this document is both current and comprehensive. A durable power of attorney should contain proper provisions with regards to transfers or gift planning.

Contemplating elder law issues during one's lifetime

When it comes to end of life issues, there are many thoughts that may be swirling in a person's head. Of course, people in New Jersey who are contemplating their eventual death can find the process to be upsetting in a variety of ways. However, one thing that can put a person's mind at ease is taking care of their legal needs with regards to their end of life issues while they are still able to do so.

More people in New Jersey, nationwide, becoming 'elder orphans'

As people in New Jersey reach their elder years, living alone becomes more difficult. People who were once able to live independently now may find that they need assistance taking care of themselves and their homes. Some people may even need in-home health care. It can be a blow to one's ego to find that they need help with basic activities, but it is something that a person should anticipate might happen to them some day.

Programs are available to help with elder care costs

The Alzheimer's Association reports that of adults above age 65, one in nine have Alzheimer's. This may be a startling statistic to some in New Jersey, but it brings to the forefront the fact that many people in America will have a loved one develop Alzheimer's at some point in their lives. In addition, many elderly people suffer from dementia, which can affect their memory, personality and ability to reason.

New Jersey law on home care facilities could affect elderly

Since 2004, New Jersey home care service agencies that did not provide medical care have been governed by state laws and regulations. However, legislation passed in 2014 broadened the requirements of these facilities, stating they need to be accredited and could be audited by certified public accountants. These requirements may increase how much people must pay for home care for the elderly.

Consider your options for long-term care planning

Most people in East Hanover enter their retirement years expecting to finally have time to engage in a favorite hobby, travel the world or spend more time with family. However, age will eventually catch up with everyone, and a person may reach a point in their lives where they are no longer physically or mentally able to take care of their daily needs. When this happens, they may need long-term care. However, many long-term care options are quite costly.

Can in-home health care be made affordable?

Some people in East Hanover may think it is inevitable that, should they reach an age where they can no longer care for themselves, they will eventually go to a nursing home. However, they may be surprised to hear that most people who reach an age where they can no longer care for themselves remain at home and obtain the care they need through in-home health care. Therefore, it is important to plan financially for the potential need for long-term care.

Protect your assets when entering long-term care

Having an injury or illness sideline life plans as we age is never an expected or welcome event. This type of situation can completely upend usual living arrangements, suddenly thrusting one into the possibility of having to enter a long-term care facility. Unfortunately, the cost of living in such a facility can be astronomical. This very real sticker shock can send those in such situations into panic as visions of losing their estates run through their heads.

McHugh & Macri
49 Ridgedale Avenue
Suite 1
East Hanover, NJ 07936

Phone: 973-577-6010
Fax: 973-887-6237
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