ELDER LAW – Estate Planning

When you prepare your estate plan, you may want to set specific rules for distributing your assets. A testamentary trust gives you the authority to define how your property benefits others after death. It establishes a legal framework that directs future asset...

Joint bank accounts can simplify money management, but they may cause issues when you apply for Medicaid. If you're seeking long-term care benefits in New Jersey, you need to understand how Medicaid views shared accounts. Misunderstanding the rules could cost you your...

If you're considering a reverse mortgage and currently rely on Medicaid—or think you might need it later—it's smart to understand how the two can interact. While a reverse mortgage can offer financial relief, it might also affect your eligibility for means-tested...

You might feel your stomach drop when you discover your parent has made unexpected changes to their will. This kind of surprise often triggers worry about whether someone might be taking advantage of them during a vulnerable time. Your concerns can grow deeper when...

With every being so costly, you could potentially drain your hard-earned savings and assets. It doesn't spare your long-term care costs in New Jersey, which can also be overwhelming. Planning for these expenses and protecting your estate are crucial as you age....

An executor plays a vital role in estate planning, ensuring the deceased's wishes are fulfilled as outlined in their will. This person manages the estate's administration, which includes paying debts, filing taxes, and distributing assets to beneficiaries. Executors...

Planning for the future is always important, but it becomes even more crucial when facing a dementia diagnosis. Families often grapple with complex questions about long-term care costs and asset protection. Let us shed light on how Medicaid planning fits into this...

As your parents age, you may face a difficult decision: selecting a guardian to decide on their behalf. This process can be emotionally challenging but could be crucial for ensuring your parents' well-being. Below are the qualities to look for in a potential guardian...

Watching your parents age can be an emotionally taxing experience, especially when you start noticing changes in their behavior or abilities. These shifts might signal a need for additional support, sometimes even legal guardianship. In New Jersey, guardianship allows...

Planning for the future is essential, especially for older people. Conservatorship is an option that many families may consider as part of a well-crafted estate plan. This legal arrangement can provide peace of mind and protection for your loved ones, especially when...