Certified Elder Law Attorneys Serving New Jersey Residents Since 1978.
As people age, protecting their homes becomes an important part of long-term planning. A home often holds both financial and emotional value. In New Jersey, there are several steps older adults can take to help safeguard their property and preserve their assets. Here...
The purpose of estate planning is to take control over one's legacy, provide support for dependents and address the possibility of a future emergency. A thorough estate plan includes a variety of different documents drafted based on the circumstances and priorities of...
Addressing long-term care needs is a common concern for Americans as they age. Older adults often cannot afford the expenses of long-term care out of pocket. Instead, they rely on insurance to help them cover their costs. While many older adults are eligible for...
You have spent your lifetime amassing wealth that supported you and your family in comfort. As you face your golden years and do your estate planning, it’s important to do all that you can to minimize probate costs, taxes and other fees for which your heirs and...
Parents, grandparents and other family members concerned about an individual with special needs may decide to establish a special needs trust. A special needs trust can provide ongoing financial support for those who are not able to live independently. They can be a...
When an elderly adult is put into guardianship, one of the most important factors is incapacitation. This individual generally has to be declared incapacitated so that the court will establish guardianship and give someone else the ability to make decisions on their...
Updating an estate plan is critical. Many people write a plan and assume that they’re done. They have a will on file, so they don’t need to think about it again. But this is a problematic stance to take, as it could mean that the estate plan is significantly outdated...
Many people establishing estate plans primarily worry about protecting their loved ones. Others want to preserve and protect their assets to maximize their legacies. Particularly in scenarios where individuals have accumulated financial resources throughout their...
Adults fine-tuning their estate plans as they prepare for retirement or think about maximizing their legacy generally have to consider taxes. As personal holdings increase in value, the risk of estate tax looms large. The more a person directly owns, the greater their...
What does it mean to have an “asset preservation” strategy? As individuals age, protecting their financial resources often becomes increasingly important. An asset preservation strategy is a proactive legal and financial plan that is designed to safeguard wealth from...
