The Question: Do I need a Will? We get this question all the time from clients. And here is the answer I always give them. With every part of estate planning, Will, Power of Attorney, Advanced Health Care Directive, the problem is, once you need it, you can no longer do it. Is it a gamble? …
Immigrants and Medicaid
Court holds Immigrant can still collect Medicaid after leaving USA for 7 years In February of 2018 an appeals court in New Jersey held that an immigrant returning to his home country for 7 years did not void his entitlement to the government assistance program, Medicaid. K.K. the immigrant petitioner came to America in 1991 and …
The Probate Process
Probate – Where Do I Start? Losing a loved one is hard, one of the hardest experiences we go through. And unfortunately there is work to be done while still grieving, this is called Probate. Which is why we recommend seeking help from an attorney, let them handle the estate so you can focus on your family. …
I owe money on my Inheritance?
Inheritance Tax Inheritance tax is exactly what it sounds like: tax paid on your inheritance. Depending on what your relationship is to the decedent, you could owe the State taxes. This is different from Estate Tax, which New Jersey recently did away with. You can read all about that here. We’ll talk a little more about …
Spending Down for Medicaid
What is “spend down”? Nursing homes and assisted living facilities are EXPENSIVE! And MediCARE will only cover up to 100 days in a rehab facility, which means that most people wind up paying out of pocket for these medical services. Eventually, you run out of money, and the government steps in to pick up the …
