Insights Articles

As you grow older, having a comprehensive estate plan becomes increasingly important to ensure that your assets are distributed according to your wishes and to minimize the burden on your loved ones. Unfortunately, leaving your legacy behind to children, loved ones, or even friends is not easy due to the many loopholes to navigate and…

Living Wills vs. Last Will & Testaments: What You Need to Know As New Jersey estate planning attorneys, we understand the importance of creating a comprehensive plan that covers various aspects of your life. Two critical components of a well-rounded estate plan are a living will and a last will and testament. These legal documents…

Introduction Medicaid estate recovery is a federally mandated program that allows states to recoup some of the costs of Medicaid benefits paid on behalf of a recipient, particularly for long-term care services. Despite the importance of this program, it is often overlooked by individuals when planning their estate. Hence, it is important to understand the…

Pooled Income Trusts in New York: The Ultimate Guide to Asset Protection for Seniors The concept of pooled income trusts can be overwhelming, especially for seniors and their families in New York. Our experienced attorneys are here to help you navigate this complex area, ensuring your assets are protected and your Medicaid eligibility is maintained.…

Medicaid is a state and federal program designed to provide healthcare coverage for eligible low-income individuals and families. In New York, the program is administered by the New York State Department of Health, which offers an extensive array of services to beneficiaries. In this article, we’ll delve into the various types of services available through…

Over the decades, the quality of our healthcare and life-saving medical interventions have improved. Lifespans have extended. And, consequently, people are discovering that they are outliving their financial resources. The Expense of Long Term Care Costs According to the State of New Jersey Department of Banking and Insurance, a national study has shown that “of…

A Comprehensive Guide to Long-Term Care Costs in New Jersey As the population ages, long-term care is becoming an increasingly important concern for many families in New Jersey. Whether you are planning for your own future or seeking care for a loved one, understanding the costs of long-term care can help you make informed decisions…

Navigating the complex world of death taxes can be overwhelming. As a New York and New Jersey attorney, I’ve created this guide. It will help you understand when you may owe these taxes and how to plan your estate accordingly. What are Death Taxes? Death taxes, also known as estate taxes or inheritance taxes, are…

One of the toughest decisions a prudent parent has to make is choosing a guardian for minor children in the unfortunate event of a premature death. In the worst case scenario, this decision is left to a judge who may choose a guardian whom neither the parents nor the children would want. Fortunately, your experienced…

Introduction Navigating the complex world of Medicaid eligibility can be overwhelming, especially when you exceed the asset limit for Medicaid. If you are a New York resident seeking to qualify for Medicaid but find yourself over the asset limit, there is still hope. Through a process called spend-down, you can potentially lower your assets and…