18 06, 2018

Estate Planning Documents to Review Before a Divorce

2023-12-29T03:37:39-05:00June 18th, 2018|

Many people neglect to update some or all of their estate planning documents when they divorce, while others move quickly to change beneficiaries and make other updates after a divorce. However, some estate planning changes are likely in order before [...]

10 06, 2018

Removing a Trustee in New Jersey         

2023-12-27T04:28:50-05:00June 10th, 2018|

The grantor of a living trust often serves as trustee during his or her lifetime, appointing a successor trustee to step into that role when the grantor dies or becomes incapacitated. The grantor of a revocable trust is free to [...]

2 06, 2018

When a Bank Won’t Accept Your New Jersey Power of Attorney

2021-11-01T16:56:30-04:00June 2nd, 2018|

When you make the investment in choosing a trusted person to manage your affairs if you become incapacitated and executing a power of attorney, you should be able to rest assured that your interests are protected. When you agree to [...]

27 05, 2018

Medicaid Eligibility and the Qualified Income Trust (QIT)

2018-11-08T05:38:07-05:00May 27th, 2018|

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 cut-off is a clear line: [...]

23 05, 2018

Understanding Medicaid Long-Term Care Exemptions

2018-11-08T05:38:18-05:00May 23rd, 2018|

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 income or just didn’t plan [...]

19 05, 2018

Options for Updating Your Will in New Jersey

2018-11-08T05:38:35-05:00May 19th, 2018|

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 update your will and other [...]

14 05, 2018

Digital Estate Planning for the 21st Century

2018-05-28T08:56:26-04:00May 14th, 2018|

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 lot of work to do [...]

10 05, 2018

Understanding Your Estate Plan

2018-05-27T17:05:16-04:00May 10th, 2018|

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 confusing. Fortunately, that confusion leads [...]

6 05, 2018

Estate Planning Under Trump’s New Tax Law

2018-05-27T17:05:06-04:00May 6th, 2018|

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 for married couples) is significant, [...]

30 04, 2018

Will Your Cryptocurrency Die with You?

2018-05-27T17:04:40-04:00April 30th, 2018|

Cryptocurrency hasn’t exactly gone mainstream, but it’s no longer a rare, fringe holding. A recent survey revealed that nearly 8% of Americans own at least some Bitcoin or other form of cryptocurrency, and another 7.76% indicated that they planned to [...]