When a person in New Jersey suffers from dementia, Alzheimer's or some other mental condition that renders them incapacitated, sometimes the only option is to assign a legal guardian over that person. This is not something that should be rushed into, however. It is...
Month: August 2017
What language should be included in a special needs trust?
Many people in East Hanover with special needs, such as a disability or a mental illness, rely on government benefits to make ends meet financially. However, these benefits are often needs-based. If an individual has too many assets in their name, they might not...
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...
Medicaid may not cover all costs
Many New Jersey residents have found that either themselves or a loved one has to enter an assisted living facility when they could no longer take care of themselves on their own. According to one source, over 700,000 disabled or elderly individuals in the United...
What should you know about financial power of attorney?
When you set up a financial power of attorney, you appoint a trusted individual to make financial decisions on your behalf in the event of incapacitation. That being said, there is no “one size fits all” power of attorney plan. You can determine what...
What are some benefits of special needs trusts?
When a person in East Hanover has a disabled or mentally ill loved one, they may want to see that their loved one obtains the government benefits needed to make ends meet. This is particularly true if their loved one does not have the ability to work or even take care...