Being appointed as a guardian over a person should be seen as a last resort, but sometimes if a person is incapacitated, it is necessary. New Jersey recognizes two types of guardianship. One is guardian of the property. This individual takes care of the incapacitated...
Month: October 2018
Medicaid planning and the qualified income trust
People in New Jersey who are in need of nursing home care or other types of assisted living care may be planning on using Medicaid benefits to fund such care. In order to qualify for Medicaid, a person's income must be below a certain level. However, through the use...
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....
Medicaid in New Jersey now covers end-of-life care planning
While it is not exactly a pleasant topic to think about, many people in New Jersey may have opinions on what kind of end-of-life care they receive. Some may not want to remain on life support if they are in a vegetative state. Some may decide that if they are struck...
3 things to do before you apply for Medicaid
If you require long-term medical care and cannot afford to pay for it or insurance, you may need Medicaid. You could have the desire to apply for Medicaid but feel like the process is confusing and intimidating. Indeed, the application process can be a...
New Jersey residents may benefit from executing a trust
Some people in New Jersey may think that the only way for them to pass their assets on to their loved ones is to create a will. However, a trust also allows a person to pass down their assets for future generations. Trusts have some advantages that people who are...