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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...
Understanding Medicaid Planning What is Medicaid Planning? Medicaid planning is a crucial process for individuals and families navigating the complexities of long-term care and the financial challenges that accompany aging. It involves legal and financial strategies...
Guardianship in New Jersey is a significant legal process designed to protect individuals who are unable to manage their own affairs due to incapacitation. This comprehensive guide, prepared by the Law Firm of Benjamin Eckman, delves into the intricacies of New Jersey...
Defining a Trust A trust is a formal arrangement where a trustor or settlor assigns another party, the trustee, the authority to hold title to property or assets for a beneficiary's advantage. The primary purpose of a trust is to safeguard the trustor's assets, ensure...
As an experienced elder law and estate planning attorney based in New Jersey, I understand the complexities and critical importance of Medicaid planning and applications, especially as they pertain to nursing home care and long-term care. This article delves into why...
Understanding the differences between guardianships and conservatorships is crucial for anyone facing the challenge of caring for a loved one who can no longer manage their own affairs. Whether due to age, illness, or incapacity, the need to...