McHugh & Macri
Menu Contact
Certified Elder Law Attorneys Serving New Jersey Residents Since 1978.

Posts tagged "Disability and Long-Term Care Planning"

Special needs trusts can be an important part of an estate plan

When a person in New Jersey has a disabled loved one, they want to ensure that their loved one's medical care needs are met. Sometimes, a disabled individual qualifies for government benefits, but these benefits may not be enough to cover all aspects of their care. Fortunately, there are other ways to set money aside for the care of a disabled loved one.

Long-term care planning can include self-directed at-home care

While some people in New Jersey plan on entering an assisted living facility or a nursing home once they can no longer care for themselves, others wish to remain in their homes, if possible. These days, there are a variety of programs that provide people with long-term care at home, some of which are run by the state.

New Jersey caregivers to get more support from state

In the state of New Jersey alone there are an estimated 1.75 million individuals fulfilling a caregiver role. Most of them are doing so unpaid. Whether taking care of a family member or friend, it is a difficult, stressful, and exhausting duty and tasks can include basic needs such as assistance with dressing, cooking, or running errands. In situations involving special needs patients, a caregiver may operate necessary medical equipment, dress wounds, or monitor and manage prescription medication-- often, with no training.

The basics of Medicaid in New Jersey

Many people in New Jersey and across the nation take the step of establishing a long-term care plan for how they want to pay for the health care services they or a loved one will need as they age. Some people will want to utilize Medicaid services as a means of affording health care services. It is important to have a basic understanding of what Medicaid is, so you can determine if it is right for you.

A special needs trust can help those who need government benefits

When a person in East Hanover is engaged in the estate planning process, they may be thinking not just about how their assets will be passed on to loved ones, but also how they will meet their financial needs as they age. Many seniors anticipate relying on Medicaid or other government benefits to pay for their long-term care needs. However, a person must have limited financial resources to qualify for such benefits.

Long-term care planning in New Jersey

There are a variety of ways to pay for long-term care. Some people in New Jersey have a long-term care insurance policy. Other people may be eligible for public benefits aside from Medicaid like, for example, Veterans Affairs Aid and Attendance. A person may take out a home equity loan or a reverse mortgage to pay for long-term care. For certain individuals, it may be possible to fully deduct long-term care costs from their federal income taxes. Funds in retirement accounts can also be used to pay for long-term care.

New Jersey residents have options for paying for long-term care

Some people in New Jersey may have given thought to how they will afford the care they may need as they age, and thus have a long-term care insurance policy as part of their estate plan. However, such policies can be expensive, as premiums are constantly increasing. Therefore, it might be worthwhile to consider other alternatives to long-term care insurance.

Exploring the different types of special needs trusts

When a person in New Jersey has a loved one with special needs, they will want to make sure their loved one is provided for financially. One way to do this is for the special-needs individual to obtain government benefits. However, usually a person must have limited resources in order to qualify for government benefits. This can become problematic when the person with special needs has other financial resources, but still needs government benefits to meet all of their living expenses and medical expenses.

What should be included in a New Jersey nursing home contract?

People in New Jersey who are looking for a nursing home for an aging loved one often do all they can to inspect the home, its policies and its practices, to ensure it is a good fit for their loved one. Once a nursing home is chosen, a nursing home contract will need to be executed. Before signing on the dotted line, it is important to carefully review the nursing home contract, to ensure it is fair and appropriate.

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

Phone: 973-577-6010
Fax: 973-887-6237
Map & Directions