Medicaid benefits can be very important for those who need long-term care, but applicants must have a limited income in order to qualify. New Jersey residents in such situations may fear that they will be ineligible for Medicaid, because their income is too high....
Throughout our lifetimes, we will make many important financial decisions. From the first time we open a bank account as a teenager, to funding a retirement plan as a working adult, to making simple decisions about how to spend our hard-earned money, most people in...
As our nation's population ages, more and more people will need care in their older years. Whether they choose in-home care, an assisted living facility or a traditional nursing home, paying for such care can easily exhaust a person's financial resources and nest egg....
In New Jersey, there are steps a person must take before they can legally qualify as guardian of a person's estate. Once they qualify as guardian of the estate, there are certain things they must do. This post will provide a brief overview of this topic. However, it...
In theory, drawing up a will is a great idea. After all, it is a way to plan for who gets your assets after you die. You have cared for a house or car for years and do not want to see your time and hard work go to waste with someone who might not appreciate the...
Long-term care insurance has gotten a bad rap lately. People claim it is too costly, and that they'll be better off relying on Medicare and retirement savings when the time comes. However, everyone must remember Medicare will not pay for long term care! If a person is...
When people begin aging, they must consider what kind of care they would like to receive once they are unable to live independently. One option is home care. This is when an aide comes to a person's home to assist in taking care of basic needs such as bathing,...
One of the most valuable documents a person in New Jersey can include in their estate plan is a durable power of attorney. In this document, a person can select someone who will make financial decisions on the person's behalf should the person be physically or...
When it comes to end of life issues, many people are in denial and do not consider their options and thus the medical profession may exercise extra ordinary measures to keep you alive. A person must exercise their legal right to their end of life issues while they are...
Many middle-aged adults in New Jersey these days find themselves part of the "sandwich generation" -- raising children while simultaneously caring for their aging parents. While these may be acts of love, it does take money. An elderly individual may have medical...
