Insights into Elder Law, Estate Planning, Probate and Real Estate Law in NJ
Parents usually treat their children’s inheritances equally, whether they are for property or money. But sometimes, parents intentionally choose to not leave anything to a child, and the reasons for doing so may vary. One reason could be that a child who is more financially successful than the others and the parent doesn’t feel it’s […]
The number of Americans who are widowed or divorced has reached record levels, causing new partnerships to form among older Americans. The US Census Bureau reports that more than half of all older adults have only married once, opting to stay legally single in their future relationships. Cohabitating can have unforeseen and unintended consequences without a legally […]
People with disabilities simply refer to travel as “accessible travel” or “disabled travel”. There is a lot to consider when traveling with a disability. Proper research, planning, and preparation are crucial. In the past, traveling as a disabled person seemed like an overwhelming and sometimes impossible task. However, with travel agencies specializing in disabled travel, […]
Special needs trusts (SNT), or supplemental needs trusts, are legal entities designed to assist people of any age with disabilities with maintaining government benefits and receiving additional financial assistance. Under the SSA expenditure rules, an SNT can provide additional monies to enhance the beneficiary’s lifestyle while maintaining Medicaid, Social Security Disability Insurance (SSDI), or Supplemental […]
In the United States, gun trusts are legal tools that enable individuals to own firearms in a legally compliant way and, at the same time, allow them to share access to firearms with others. This approach is beneficial for those who own restricted firearms or firearms regulated by the National Firearms Act (NFA), such as […]
During the process of planning your future, both financially and medically, you may wonder what the difference between estate planning and elder law is. Estate planning and elder law also have some similarities. Even though these two types of law are for different stages in life, they are often handled at the same time. This […]
You can delegate the power of attorney to someone you trust to conduct transactions or make decisions on your behalf. They could be related to personal finances, business operations, or medical needs and used for a single immediate purpose or an ongoing situation. This may sound pretty straightforward. When you are looking for services online, […]
For estate planning purposes, revocable and irrevocable trusts are the most common types. While there is some similarity, these two major categories of trusts have different purposes in your estate plan. Both can substitute for a last will and testament as an alternative way to distribute property, though a trust and a will often exist […]
One of the hardest challenges in life is contemplating one’s own death. Yet it is very important to think carefully about the medical treatment we would want for that challenging time. Medical technology can now keep us alive long after we have ceased to enjoy meaningful quality of life. A series of legal rulings around […]
In order to qualify for Medicaid assistance for nursing home care, assisted living, in-home care, or adult foster care, an individual must meet certain income and asset criteria. As a result of these rules, many candidates give away their money and resources to qualify. However, there is a “look-back period” before the individual’s application acceptance, […]
The estate administration process involves managing a deceased person’s assets and distributing them to their beneficiaries. This process typically includes identifying and inventorying the decedent’s assets, paying debts and taxes, and distributing any remaining assets to the beneficiaries named in the decedent’s will. Without a valid will, actions are taken to comply with state intestacy […]
It might seem straightforward to leave your property to your heirs. You make a will or a trust, you do a transfer-on-death deed for your real estate, you put your kids on your bank account, you designate beneficiaries for your life insurance and retirement accounts, and you’re done. If only things were that simple. The […]