Most people consider planning for retirement because it’s something they hope to be able to do in the future. With retirement planning in place, one thing you should remember is to add long-term care to that plan as well. Even in retirement, there may be a need for...
Parents often have the goal of raising their children to be capable and independent adults. Sadly, that is not always the case for everyone. Some families may have a child that has a severe mental disability and is unable to care for themselves. Depending on the...
Parents of children with level three autism often want to find someone who is responsible and capable enough to watch over their child if both of them were to die. According to the DSM-5, those with the condition often have a hard time communicating verbally and...
Once you hit eligibility for Medicare at age 65, you may think you’ve got it made and you don’t have to worry about saving for future long-term care costs. However, that’s not the case. First, in 2019, the average monthly cost for skilled nursing home care in New...
Some people in New Jersey plan carefully for the care they will need in their old age, but others may find their health has deteriorated quickly and they are in immediate need of services. According to the U.S. Department of Health and Human Services, on average a...
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...
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...
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...
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...
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...
