When parents craft estate plans, they often consider the family’s best interests. Parents will set up trusts for heirs, bequeath family heirlooms to those who want them and identify beneficiaries of insurance policies. However, even this much forethought might not...
Month: September 2020
Action sought against deceased plaintiff in lawsuit
Those involved in the administration of one's estate in New Jersey may not fully realize the extent of the tasks they agree to assume. They might believe their role only involves the disposition of their assets. In some cases, it may very well end there. Yet...
What expenses can a special needs trust cover?
If you have an adult child who has a disability, setting up a special needs trust may be a top priority. This estate planning tool provides money for your son or daughter without harming his or her eligibility for needs-based government assistance, such as Medicaid or...
Why should you plan in advance for applying for Medicaid?
As you age and deal with serious long-lasting illnesses, you may realize that you need additional monetary support. Applying for Medicaid can help you pay for various medical and age-related care facilities, such as nursing homes, without losing all your assets. How...