Certified Elder Law Attorneys Serving New Jersey Residents Since 1978.
A power of attorney gives you a chance to choose an agent. For instance, a medical power of attorney will be focused on healthcare decisions. If you’re incapacitated and you can’t make these decisions, your agent is allowed to do so. It’s important to choose the right...
If you’re concerned about asset protection as you age, it’s important to look beyond the traditional estate planning scope of tangible assets and financial accounts. For older adults, protecting digital assets has become an essential component of comprehensive estate...
There are many different ways to pass wealth to the next generation. Financial assets could be listed in a will and given to someone directly. They could be put in a trust so that the beneficiary gets payments at certain times or at the discretion of the trustee....
Moving into an assisted living facility is incredibly expensive. It can also cost quite a bit for someone to receive nursing care in their own home. Some older adults create long-term care plans that involve Medicaid trusts to help them pay for support as they age....
Aging in place has become the ideal for many older adults in the Garden State. People modify their homes and make arrangements with family members or neighbors so that they can live in their own homes for as long as possible after they retire. However, such plans...
Nursing homes have always been expensive. A big part of the future planning that people do is saving money for their long-term healthcare needs. They expect to spend at least some time in a nursing home or an assisted living center, and they need to have the funds to...
Medicaid is a program designed to assist elderly individuals with low incomes in paying for medical expenses. When a senior applies for the program, Medicaid conducts a five-year look-back or analysis. Applicants must meet strict eligibility criteria, which will be...
Discussing an estate plan with family members is a delicate matter. It’s a conversation often laden with emotion because of the weight of financial implications and the reminder of mortality. However, this conversation is crucial for ensuring that your wishes are...
Qualifying for Medicaid coverage requires you to meet several requirements. One of these is to have an income or assets that are under a set threshold. For those who do not meet this threshold, it is possible to “spend down” or reduce their income and assets to...
Guardianship involves granting one individual the type of authority over another adult that parents usually have over minors. A guardian needs to provide for someone's basic daily needs and ensure their safety despite medical or cognitive challenges. Some people...
