It can be difficult to see a loved one's mental or physical capabilities decline over time. Unfortunately, sometimes the situation becomes so serious that a guardian must be appointed. A guardian becomes necessary when the person is incapable of taking care of their...
Special needs trusts are a vehicle that protects assets that can be used to pay for certain needs of a disabled beneficiary. Gifts to the beneficiary, funds from a legal settlement and life insurance proceeds can all be part of a special needs trust. There are several...
Many people in New Jersey rely on Medicaid benefits to pay for their care needs as they age. However, what they may not know is that upon their death, Uncle Sam may come knocking, seeking recovery from the deceased's estate of what was paid for using Medicaid...
As people age, things tend to get more difficult. Everyday tasks, such as walking, writing and using the toilet, may seem impossible for the aging. Planning is an integral part of any financial forecast, and elder care planning should start taking front and center,...
Many aged individuals in New Jersey plan on utilizing Medicaid benefits to pay for their long-term care needs. However, it is important to understand how Medicaid has changed over the years. Eligibility hinges on a person's income level, but with Medicaid expansion,...
Some people in New Jersey may plan on relying on savings, home equity or Medicaid resources to pay for a stay in a nursing home in their old age. However, according to recent research, if the cost of senior housing continues to rise at its current trajectory, by 2029...
