by Christine | Mar 10, 2015 | Asset Protection, Elder Law, Estate Planning, Irrevocable Trust, Long Term Care, Medi-Cal, Medi-Cal Long Term Care, Medicaid, Nursing Homes |
One attorney calls it the "Get out of Dodge plan"—the best way to keep your assets intact before applying for Medicaid to cover nursing home costs. New Jersey is one of the most restrictive states when it comes to permitting residents to preserve assets for...
by Christine | Mar 9, 2015 | Asset Protection, Elder Law, Estate Planning, Insurance, Long Term Care Insurance, Nursing Homes, Retirement Planning |
When asked about long-term care insurance, one senior said, "I've thought about it. I don't think it's worthwhile to buy at my age." She's 83. "I've thought about it but I really haven't looked into it," another woman said....
by Christine | Mar 6, 2015 | Asset Protection, Conservatorships, Elder Law, Estate Planning, Estates, Medi-Cal, Medi-Cal Long Term Care, Medicaid, Nursing Home |
Lillian Palermo tried to prepare for the worst possibilities of aging. An insurance executive with a Ph.D. in psychology and a love of ballroom dancing, she arranged for her power of attorney and health care proxy to go to her husband, Dino, eight years her junior, if...
by Christine | Mar 4, 2015 | Asset Protection, Elder Law, Estate Planning, Retirement Planning |
You wouldn't play golf without a full set of clubs. Don't go into retirement without a fully equipped retirement toolbox. Retirement brings the freedom to explore a new stage of life. But for many, after years of working for others, it also means assuming...
by Christine | Mar 3, 2015 | Asset Protection, Elder Law, Estate Planning, Estates, Long Term Care, Long Term Care Insurance, Nursing Homes, Retirement Planning |
When asked about long-term care insurance, one senior said, "I've thought about it. I don't think it's worthwhile to buy at my age." She's 83. "I've thought about it but I really haven't looked into it," another woman said....
by Christine | Mar 2, 2015 | Asset Protection, Elder Law, Estate Planning, Long Term Care, Medi-Cal, Medi-Cal Long Term Care, Medicaid, Nursing Homes, Retirement Planning |
Consulting financial and tax advisers as part of planning the retirement process is essential to get the health-care piece covered. Enjoying truly golden retirement years means a lot of different things to different people, but it should include planning for long-term...
by Christine | Feb 27, 2015 | Uncategorized |
There is less emphasis on estate taxes because the exemption—$5.43 million per person—is so high now. But income taxes are higher, so know what you are in for. Maybe the estate tax doesn’t apply to you, but what about rising income taxes? How should you plan...
by Christine | Feb 26, 2015 | Uncategorized |
Don't think savings is a big deal? Ask anyone who is running their own business, decided to retire early or abandoned their old job to go after their dream career. Savings was their saving grace, no pun intended. The Fall 2014 Merrill Edge Report showed that 80...
by Christine | Feb 25, 2015 | Asset Protection, Bequest, Living Trust, Medi-Cal, Medicaid, Special Needs, Special Needs Children, Special Needs Planning, Trusts |
"I think it's great because it's not overreaching and it's not underreaching. It just kind of fits that one spot where we didn't have something: How does somebody with a disability put some money aside to do something? To basically be living like...
by Christine | Feb 24, 2015 | Asset Protection, Bequest, Estate Planning, Estates, Living Trust, Probate, Trusts, Wills |
There’s barely a person over the age of 40 or so who does not come with a family squabble about, well, things following the death of a well-loved parent, grandparent, or family friend. Even Robin Williams, who planned his estate well, could not avoid a family feud...
