New Medicaid and VA Figures for 2018 #2018Medicaidnumbers

       The cost of living adjustment for 2018 for many of the government programs that affect our clients’ lives has been announced so let’s go over those numbers.        For 2018, the Social Security Administration announced that Social Security recipients will receive an increase of 2%, after receiving a small increase […]

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What Happens When a Reverse Mortgage Borrower Dies

       A home equity conversion mortgage, commonly known as a reverse mortgage, allows seniors to tap into the equity in their home.  Unlike a traditional mortgage, the borrower does not make ongoing monthly payments to pay off the loan.  Repayment is not required until the home is sold, either when the borrower moves […]

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How the Republican Tax Bill Might Affect Seniors

                With the Republican Congress and President Trump determined to push thru their tax bill at warp speed, there has been much discussion about how it will provide a big tax cut for corporations and the wealthy and super wealthy while it could hurt the poor and middle class who either won’t see much of […]

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ABLE vs. SNT (Part 2)

       Last week I was telling you about a call I received about the benefits of an Achieving a Better Life Experience (ABLE) account vs. a special needs trust (SNT).  Joan called about her sister Mary, who is receiving an inheritance from their uncle’s estate.  Mary is in a group home and receives […]

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ABLE vs. SNT (Part 1)

       I received a call from Joan.  She told me that her sister Mary is named as an heir to part of their uncle’s estate.  Mary is disabled and living in a group home.  Joan was concerned that the inheritance Mary would receive of approximately $200,000 would jeopardize her government benefits and continued […]

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Found Money (Part 2)

       Last week I was explaining what happens to abandoned or unclaimed property.  New Jersey has in its possession more than $1 billion of property that people have abandoned, usually because they have forgotten about the accounts.  Nationwide, there is well over $50 billion in unclaimed funds.  Financial institutions and other holders of […]

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Found Money (Part 1)

       In today’s world, change comes at a pretty rapid rate.  That is certainly true when it comes to our assets and financial accounts.  Many people move jobs and change financial institutions frequently.  It is easy to understand how assets can be overlooked or forgotten.  Maybe I never completed the paperwork to rollover […]

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What Constitutes a Validly Executed Will (Part 2)

                Last week I was telling you about an Australian case in which the court held that a deceased man’s unsent text message found on his phone was considered to be a valid will.  How might a New Jersey court rule on these facts?                 New Jersey law generally establishes that a will should be […]

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What Constitutes a Validly Executed Will

                An interesting case caught my eye on the internet the other day.  An Australian court found that an unsent text found in a deceased man’s phone, stating that he wanted his estate to go to his brother and nephew, not his wife and son, composed before he took his own life, constituted a validly […]

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Governor Christie Signs New Law to Cover Digital Assets

                On September 13, 2017 Governor Christie signed a new bill into law, the Uniform Fiduciary Access to Digital Assets Act (“UFADAA”).  The new law becomes effective 90 days from the date of signing, December 12, 2017.                 The issue of accessing digital assets has become an increasingly troublesome one over the last 15 years […]

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