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Guardianship serves as a critical legal tool to protect individuals unable to make decisions for themselves due to incapacity. This role often applies to older adults or vulnerable patients lacking decision-making capacity. While guardianship provides essential...
Introduction Guardianship is a vital legal tool that helps protect those who are unable to manage their own affairs, whether due to age, disability, or incapacitation. At the Law Offices of Benjamin D. Eckman, we often encounter families in New Jersey who need...
When beneficiaries receive a payout from a life insurance policy, they typically don’t have to pay taxes. However, there are a few situations where a portion of the life insurance benefit is taxable to the beneficiary.
Creating a will should be the first step in a comprehensive estate planning process, since it allows you to make sure that your wishes are properly carried out after your death.
Medicaid plays a crucial role in covering the costs of long-term care, especially for the elderly and disabled. A recent update from the New Jersey Department of Medical Assistance and Health Services has brought significant changes to the penalty divisor—a key...
Why is a Digital Estate Plan Important? In today's digital age, the digitalization of estate planning is crucial as a significant part of our lives and assets exist online. This article will explore the importance of including digital assets like social media...
As of April 1, 2024, the New Jersey Department of Human Services, Division of Medical Assistance and Health Services has increased the Medicaid penalty divisor from $384.57 to $440.10 per day[1]. This change affects individuals applying for Long Term Services and...
What is a Medicaid Compliant Annuity? A Medicaid compliant annuity is a specialized financial product designed to help individuals qualify for Medicaid coverage while preserving a portion of their assets. As the costs of long-term care and nursing home stays continue...
There are many different ways to plan your estate, and one option you may want to consider is using annuities. Annuities can provide a number of advantages, including tax benefits and the ability to create a stream of income for your heirs. If you're looking for a way...