Certified Elder Law Attorneys Serving New Jersey Residents Since 1978.
Your special needs child’s Social Security benefits often don’t cover extra expenses that let your child live comfortably. As the parent, you buy anything your child may need to have a good quality of life. But what happens when you are no longer around? Your child...
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...
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...
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....
While many Americans avoid estate planning, it’s a crucial part of financial planning for every family regardless of age or how much money they have. Estate plans include wills, trusts, power of attorney and health care directives as well as distributing assets after...
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...
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...
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...
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...
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...
