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,...
Macri Law Group
An overview of Medicaid expansion in New Jersey
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,...
Nursing homes may not be an option for many by 2029, study says
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...
Tips for executing a nursing home contract in New Jersey
When a person in New Jersey decides to put a loved one in a nursing home, they will have to execute a contract with the facility. It is important that people understand what to include and what not to include in such contracts. This is for the benefit of their loved...
Medicaid planning and the five-year ‘look-back’ period
While some people in New Jersey may have long-term care insurance or a significant amount of savings to pay for nursing home care, many people plan on using Medicaid benefits. A person may qualify for Medicaid benefits if their monthly income does not exceed a certain...
The difference between guardianships and conservatorships
Chances are, your parents have always been able to make their own decisions when it comes to their medical care, finances and so on. In some cases, though, these loved ones can suffer injuries or develop illnesses that make them incapable of doing so any longer. When...
How can you protect your special needs child in your estate plan?
Parents of special needs children in New Jersey are often grateful for every moment they have with their child. However, they may understand that their child will need life-long care, and, thus, may be worried about what will happen to their child once they are no...
Adult children can provide care to aging parents in New Jersey
Many people in New Jersey find themselves having to care for their aging parents, even if they are still working themselves. It can be difficult to find a work-life balance when you are a caregiver. However, there are legal options that may help people care for aging...
Pew Research conducts poll on paying for long-term care
Many people in New Jersey rely on Medicaid to pay for their long-term care needs. However, not everyone is optimistic that government benefits will be available in the future. Pew Research polled 2,524 people regarding who should be paying for long-term care 30 years...
How can a qualified income trust be used in Medicaid planning?
To be eligible for Medicaid benefits in New Jersey (referred to as Long Term Services and Supports), a person's income and resources cannot exceed a certain dollar amount annually. However, does this mean that a person must be impoverished before they can begin...