Having Your Cake and Eating It Too Recently a healthy single woman came to my office with the following demand: “Protect my money in case I ever enter a nursing home, make sure my children do not pay any capital gains tax on the appreciation of the assets, and protect...
Estate Planning & Elder Law Blog
Qualified Personal Residence Trust or Personal Residence Trust: Which Is Right For You?
Estate planning can be a daunting process for anyone, but it's especially important to consider when dealing with personal residence trusts. Whether you choose a Qualified Personal Residence Trust (QPRT) or a Personal Residence Trust (PRT), there are both pros and...
How Does Guardianship Work?
If you haven’t had any experience with guardianship for adults with dementia, it’s likely you don’t understand just how complex it is. You are not alone.
New Jersey Irrevocable Trust Law: What You Need To Know
Are you a New Jersey resident looking to create an irrevocable trust? If so, you'll need to be familiar with the state's laws governing this type of trusts. In this blog post, we'll provide an overview of New Jersey's irrevocable trust law, including key information...
Dual Citizenship and Estate Planning
What is dual citizenship and why might it be important for estate planning purposes? Dual citizenship occurs when a person holds citizenship in two countries simultaneously. There are a number of ways that dual citizenship can come about, including birth, marriage,...
Should I Have a Trust in My Estate Plan?
A simple will works for some people, but maybe not for you. Are you in a second marriage? Have minor children? Concerned about fraud? These are just a few of the many reasons to consider a trust.
Can You Gift Money on Your Deathbed?
One sure-fire way your clients can reduce the size of their taxable estate is to give gifts to loved ones while they’re still alive. But when are ‘deathbed gifts’ considered to be complete for estate and gift tax purposes?
Where Can I Retire Abroad If I Only Speak English?
Check out these English-speaking options for retirement abroad.
Medicaid will pay for Long Term Care Costs
In general, estate planning is a practice that requires forward thinking. However, sometimes estate planning must occur in the midst of a crisis.