Until 2018, New Jersey was an expensive state to die in. New Jersey had not only one, but two “death taxes.” That all changed in 2018 with the revisions of New Jersey’s tax laws. When a person dies in the Garden State, the estate tax is no longer collected, nor...
Month: June 2021
How long is the standard nursing home stay?
One of the hard parts about long-term care planning is that you may not know how long you’re actually going to need that care. You’re planning for an open-ended event. There are major differences in cost if you spend six months in a nursing home versus spending six...
Think twice before funding an incentive trust
You have been diligent about planning for your future and have drafted your last will and testament. You and your spouse have both completed medical and legal powers of attorney and also filled out advanced directives detailing the extent and type of end-of-life care...