Although some people start their estate planning process when they are younger, some people choose to postpone this task until later in life. The issues that one must focus on when developing an estate plan after reaching retirement age are somewhat different than when you establish your estate plan when you are younger. While young […]
Estate Planning Solutions for New Jersey Real Estate Owners Who Reside in Another State
A complex estate planning scenario arises when a person dies while owning real estate in multiple states. The decedent faces the prospect of probate proceedings in each jurisdiction with each having different laws and requirements. Many people use alternate estate planning arrangements to avoid probate because of the cost, delay, and lack of privacy associated […]
Why DIY Estate Plans Can Cost Far More Than Legal Advice
During tough economic times, people tighten their belts and carefully manage their budget and monthly finances. For a lot of families, this means making tough choices on where they should skimp and cut corners. One area that many people neglect or put off when money is tight is the preparation of important estate planning documents […]
3 Frequently Asked Questions (FAQs) Regarding of a Power of Attorney in New Jersey
Our New Jersey estate planning attorneys recognize that many people do not have an estate plan because they do not understand the relevance of estate planning documents to their particular situation. Young people may presume estate plans are merely for older people. They fail to understand that there are many estate planning documents that all […]
Estate Planning Mistakes
When you are setting up an estate plan, there are many pitfalls that can frustrate your intentions. The primary objectives of many people setting up estate plans include: (1) distributing the decedent’s financial legacy; (2) minimizing estate tax liabilities of beneficiaries; and (3) preventing unreasonable delay and costs associated with probate. Some reasons that estate […]
Family Pets Increasingly Considered in Estate Planning and Divorce
Pets are essential members of the family for many people throughout New Jersey and New York. The family pet may join families on vacation and otherwise be included in virtually all family activities. Because the family dog, cat, lizard, or horse is viewed by many as a member of the family, some owners now include […]
3 Common Questions About Revocable Living Trusts
3 Common Questions About Revocable Living Trusts Although a simple will can be part of an estate plan, the use of revocable living trusts has increased significantly in recent years according to AARP. Although you might consider a living trust because of the savings in money and expense of the probate process, this estate planning […]
New Jersey Elder Law Attorney Discusses Living Trusts
The protection of property and assets is becoming more and more important to our population as we move forward. In today’s world, valid documentation of your wishes is essential if you plan to set aside property for the benefit of another person upon your passing. Most of us are familiar with a last will and […]
Understanding How a Personal Injury Lawsuit May Impact Your Government Benefits
Receiving a settlement award or money after a verdict at trial can be rewarding as you have been compensated for injuries you incurred because of another’s conduct. However, receiving such a monetary award can have an impact on your government benefits. For example, if you decide to take a rather large settlement without regard to your government benefits, […]
How the Government Gets Reimbursed for Paying Medical Expenses
Medicaid benefits help many individuals receive the medical treatment they need, whether it is short-term care or in a long-term care facility such as a nursing home or other assisted living facility. What many people may not be aware of is that the government can seek to recover the money spent on your or a loved one’s […]
