Medicaid eligibility is based on a variety of factors but it’s goal is to assist people with limited income and few assets cover health care costs. Medicaid is a joint federal and state program that is administered by county in New Jersey. But what exactly does low income and limited resources mean? Can you get …
Recent Healthcare Statutes Changes
Fifteen New Jersey Healthcare Statutes that either have been approved by the Governor or await the Governor’s approval. New Jersey Approves Hospital Wrap-Around Services S1676: As noted in our previous update, Governor Murphy previously issued a conditional veto of this bill, which allows hospitals to provide wrap-around services for individuals who are homeless or housing …
Business Succession Planning
BUSINESS SUCCESSION PLANNING CHECKLIST Business succession planning employs various estate planning strategies that are meant to improve the chances of success for a family business when the original owners retire, pass away, or are simply ready to transfer the family on to the next generation. This business succession planning checklist will help you make sure …
Gift Tax FAQ
As Estate Planning attorneys we are constantly asked about gift tax. Here are some basic FAQs on the subject. What is the gift tax? Gift tax is a federal tax on transfers of money or property to other people while getting nothing (or less than full value) in return. Few people owe it; the IRS …
Executor’s Guide to Inheritan...
If you are an Executor or Administrator of an estate, you are most likely looking to obtain Inheritance Tax Waivers to release the decedent’s assets, such as NJ bank accounts, NJ stock, and NJ real estate. There are several steps to follow, and a few things you need to know before this can happen. What …
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The Top Questions We’re Asked...
Top Special Needs Trust (SNT) Questions Here are some general answers to the most common questions we’re asked by clients when evaluating the creation of a Special Needs Trust or SNT. What is a Special Needs Trust? A Special needs trust allows a person with a disability to receive gifts, lawsuit settlements, or other …
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