Certified Elder Law Attorneys Serving New Jersey Residents Since 1978.
Not everyone can qualify for Medicaid right away. New Jersey has strict income and asset limitations on the program. Only those with real financial need can typically count on Medicaid benefits. Others may have to wait months for benefits if they incur a penalty when...
Medicaid is a needs-based program that will cover medical costs ranging from a cast on a child's broken leg to an older adult's nursing home expenses. If you don't have the resources to pay for your own medical care, you can ask Medicaid to cover your costs. New...
Until 2018, New Jersey was an expensive state to die in. New Jersey had not only one, but two “death taxes.” That all changed in 2018 with the revisions of New Jersey’s tax laws. When a person dies in the Garden State, the estate tax is no longer collected, nor...
One of the hard parts about long-term care planning is that you may not know how long you’re actually going to need that care. You’re planning for an open-ended event. There are major differences in cost if you spend six months in a nursing home versus spending six...
How many stories have you heard on the news where it highlights the story of yet another senior citizen that had someone defraud them, causing a near-complete loss of their savings? These stories are far too common. You can do something to protect your loved ones from...
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 people think about estate planning, they typically think about what will happen to their assets and their heirs after they are gone. However, estate planning is also about preparing for all sorts of scenarios, including the possibility that you may someday need...
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...
Nobody lives forever, which is why the parents of special-needs children need to plan ahead. When you have an adult child with special needs, there will come a time when you’re no longer around to protect them and make sure that their needs are met -- and that means...
When you’re thinking ahead about how to transfer your assets to your heirs after you are gone, you may have already considered using “payable-on-death” designations on your bank accounts. Once you die, those funds will automatically become the property of whomever you...
