NJ Elder Law,
Tax
and Estate Planning:
Perfect Together
 Estate Planning is the process by
which a plan is developed and documents
are prepared to
conserve, protect, and distribute estate assets before and
after someone's death for the benefit of loved ones and charities.
Such an estate plan will take into consideration the
effect of state and federal tax and administrative laws and
regulations. It will also consider the use of these assets for
your own care if you become unable to manage your financial
and medical affairs at some point during your life.
Our elder law and estate planning attorneys can help you to determine your
needs.
While working with our knowledgeable
estate planning lawyers, we will be able to determine the
value of your lifetime estate. If you own a home,
have liquid assets such as a savings or investment
account, or a car, then
you should rely on the experience of our New Jersey elder
law specialists to help plan and protect your estate for your future. An effective
plan will ensure the financial security of those you love.
If you don't plan for what happens to your estate upon your
death, the government will decide how your estate is
distributed.
You should consider advice from McHugh & Macri on an
Estate Plan if you can answer “yes” to any of the following
questions:
- Do you wish to protect your spouse?
- Do you care about who inherits your
property?
- Do you care about your health care
treatment?
- Are you the parent of a minor or
disabled child?
- Do you want to avoid the public
proceedings of a possible guardianship and/or probate?
- Do you wish to avoid or minimize estate
and income taxes?
 Our elder law attorneys can simplify
the process for you. Estate Planning is important in two
ways: It can save your estate from over taxation and avoid
health care impoverishment by accessing public and private benefit
programs. Planning with an
estate planning lawyer will also directly and
positively benefit you and your loved ones.
New Jersey Elder Law and Estate Planning Without a Lawyer
The expertise of an elder law and estate planning lawyer
is especially helpful considering that all the New Jersey
state planning techniques boil down to one concept - The
elderly do not die with a large estate. This implies that the
assets are either spent or given away. An elder law and
estate planning lawyer can help you preserve your assets
without losing control
 The estate planning lawyers at McHugh & Macri have the expertise to maximize the tax savings,
protect your assets and qualify for private and public benefits
if your health deteriorates.
Estate Planning is not something that
should be done alone. Although it is possible for anyone to
do their own estate planning, the estate planning lawyers at
McHugh & Macri encourage you to think twice before
embarking on that path. Our elder law and estate planning attorneys are
fully versed in all of the recent changes of NJ
estate and elder law and can ensure that your estate will
receive all of the benefits it is entitled to throughout all
upcoming phases in your life.
Your Estate Planning Attorney Makes a Difference
Our practice understands that the
interlocking effects of tax and estate planning and asset
protection entitles you to benefits. Our estate planning
attorneys believe that it does no good to do a great estate
plan if it doesn't protect your assets against catastrophic
illness. By combining estate planning with asset protection
plans and trusts (link to asset protection page), you are
able to protect the rights of yourself and your spouse to
receive care when necessary, while maintaining an
inheritance to pass on to your family. We can help
you in all aspects of elder care law.
Don’t wait until it’s too late to plan for the future.
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