The Great Wealth Transfer: Preparing the Next Generation -
The great wealth transfer is underway in America. Through 2045, Baby Boomers will pass down approximately $84 trillion to Gen Z, Millennials, and Gen X. But what...more
12/31/2024
/ Assisted Living Facilities (ALFs) ,
Beneficiaries ,
Elder Care ,
Elder Issues ,
Estate Planning ,
Financial Planning ,
Healthcare ,
Inheritance ,
Mental Health ,
Special Needs Adults ,
Special Needs Children ,
Trusts ,
Wealth Management ,
Wills
In 2022, New Jersey enacted a new law to simplify the process for vehicle owners to transfer vehicles at death. N.J.S.A. 39:3-30.1b, which became effective on May 9, 2023, authorizes the owner of a car, camper, or motorcycle...more
What is SSI? SSI is a government program that provides monthly payments to adults and children who have income and resources below specific financial limits and who meet one of the following criteria: They are 65 or older...more
Check out our April Elder Law and Special Needs newsletter! Our legal team explores important topics including beneficiary designations and the recent updates to the Medicaid divisor, which came into effect this month....more
5/2/2024
/ Charitable Donations ,
Cy Pres Funds ,
Disabilities ,
Domestic Workers ,
Elder Care ,
Elder Issues ,
Estate Planning ,
Home Health Care ,
Inheritance Tax ,
Medicaid ,
Medicare ,
Probate ,
Public Records ,
Special Needs Children ,
Wills
The recent Appellate Division decision, In the Matter of the Estate of Heinecke, serves as an important warning to those who have named charitable organizations as beneficiaries in their Last Will and Testament. The case...more
Beginning April 1, 2024, the State of New Jersey will increase the Medicaid penalty divisor to $440.10 per day, as compared to the previous penalty divisor of $384.57 in 2023. See Medicaid Communication No. 24-03....more
Our February Elder Law and Special Needs newsletter is now available! In this issue, our attorneys delve into timely topics such as recent legislative developments in New Jersey. Specifically, we explore new laws designed to...more
3/1/2024
/ Disabilities ,
Disability Benefits ,
Disabled Children ,
Driver's Licenses ,
Elder Care ,
Food Stamps ,
Health and Welfare Plans ,
Life Insurance ,
Long-Term Care ,
Medicaid ,
New Jersey ,
Nursing Homes ,
Prescription Drugs ,
Social Security Benefits ,
Tax Cuts and Jobs Act ,
Trusts
A health care agent is the person you designate to make medical decisions on your behalf in the event you are unable to make such decisions yourself. Appointing a trusted friend or family member as your agent ensures your...more