Medicaid is an essential program for helping seniors and others with medical needs get the care they deserve. However, just because it’s essential doesn’t mean the application process is easy. One of the most significant considerations when it comes to applying for...
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How to maximize your social security benefits
As you inch closer to retirement age, you might have financial concerns since you will no longer be receiving a steady income. You may wonder if you can live off your social security benefits alone. Nine out of ten people over the age of 65 receive social security...
What type of trust is right for me?
Trusts can be a valuable asset protection and distribution tool. Trusts are utilized for various reasons, including tax and inheritance purposes as well as creditor protections. It is important to properly fund your trust with assets. Otherwise, your assets may not be...
3 ways Medicaid helps seniors pay for health care costs
Medicaid is a joint federal and state program that, when combined with the Children’s Health Insurance Program (CHIP), provides health care coverage for nearly 73 million Americans. Most people associate Medicare with seniors, but more than 8.3 million people are...
Why asset preservation is so important: The basics
Navigating all the little rules and requirements for Medicaid can be frustrating. The one that can cause the most stress for many people, however, is the asset limit. As the American Council on Aging explains, each state can set an asset threshold for Medicaid...
Can giving a gift affect Medicaid planning?
Many people in New Jersey who are in their elder years want to give their loved ones substantial gifts. This way, they can see their loved one enjoy what would be their inheritance. However, these people may also be planning on utilizing Medicaid benefits to pay for...
Don’t panic when a sudden medical crisis leads to a disability
While some people in New Jersey may be fortunate enough to make plans for long-term care while they are still in good health, many find themselves needing long-term care options only after a crisis occurs. For example, a person could unexpectedly suffer a stroke, or...
How common is the need for long-term care planning?
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...
The costs of long-term care can be expensive
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...
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Welcome To Our Blog We established this blog to share stories and information about topics relevant to our practice. Our intent is to regularly provide posts highlighting legal issues of local, state and national interest that we think you will find interesting....