May 2018

2705, 2018

Medicaid Eligibility and the Qualified Income Trust (QIT)

Eligibility for Medicaid long-term care assistance depends on several factors, including: Citizenship/residency Being aged, blind, or disabled Asset limits Income limits Certain types of assets are non-countable and will not affect eligibility. However, the income [...]

2305, 2018

Understanding Medicaid Long-Term Care Exemptions

About 60% of New Jersey nursing home residents and more than 2/3 of those in New York long-term care facilities are reliant on Medicaid to cover the cost. While some of those residents were lower [...]

1905, 2018

Options for Updating Your Will in New Jersey

For most people, writing a will isn’t a one-and-done event. Unless your will is drafted very near the end of your life, chances are good that changes over your lifetime will make it necessary to [...]

1405, 2018

Digital Estate Planning for the 21st Century

The need for digital estate planning is fairly new, but it’s a significant and growing issue. From ownership of digital assets to control of email and social media accounts, the modern estate administrator has a [...]

1005, 2018

Understanding Your Estate Plan

If you’re a bit uncertain about exactly what estate planning entails or how important it is for you, you’re in good company. 74% of respondents to a 2016 WealthCounsel survey said they found estate planning [...]

605, 2018

Estate Planning Under Trump’s New Tax Law

From an estate planning perspective, the highest-profile aspect of the new tax law is that the federal estate tax exemption has been doubled. The jump from $5.5 million to just over $11 million ($22 million [...]