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Many adult children seek guardianship of their elderly parents. Courts generally allow these to be set up in instances where it's clear that the parent is no longer able to make decisions that are in their best interests. One situation that may warrant petitioning the...
A medical power of attorney i(POA) s an estate planning document that basically gives someone else the ability to make your decisions for medical care and treatment. You do not give this right over instantly, just by drafting the document. Instead, you set up...
As a married couple, you may have spent a lifetime doing everything together. However, there may come the point when this is no longer possible because one of you needs to go into long-term care. When this happens, it can place a considerable strain on your finances....
When you die, your family will have to settle all of your accounts and pay off your debts before they get to enjoy the assets you bequeath to them. The executor for your estate has a legal obligation to handle your debt before they distribute property to anyone else....
If you reach a point in your life where you need Medicaid benefits in order to obtain care for yourself, your financial circumstances will affect your ability to qualify. For most adults, it is necessary to diminish their personal assets almost completely before the...
As you start planning for your end-of-life care or for emergencies that may arise, something you’ll want to add to your estate plan is a health care proxy. A health care proxy is a document that gives you the ability to appoint another person to make decisions about...
For many families, their home is the most valuable asset. That means you have an interest in protecting your house regardless of what else happens in your life and likely have a desire to pass it on to someone specific when you die. Whether you want to ensure that...
Caretakers want to ensure their elderly loved ones are placed in good hands when they can no longer provide for themselves. When an older adult has their medical, social and emotional needs met, it can give them a smoother transition into the end stages of their life....
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...
Young New Jersey residents in the throes of their careers and the midst of raising their children may not be able to see far enough into the future to a time when their lives are relaxed. The frenetic pace of everyday life can absorb individuals and cause them to lose...
