That Pesky Tax Waiver – Part 3

                This week’s post is the last of 3 on New Jersey’s tax waiver.  Last week I showed you how a small bequest in a will to a non-Class A beneficiary will trigger the need to file an inheritance tax return.  I also said, however, that in some instances a return must be filed even […]

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That Pesky Tax Waiver – Part 2

                In my post last week, I referred to New Jersey’s tax waiver.  It is an often misunderstood process designed to insure that the State receives the appropriate amount of taxes when someone dies.  As I explained, New Jersey’s estate tax was phased out as of 2018 but we still have an inheritance tax.  Very […]

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That Pesky Tax Waiver – Part 1

                As I have written in previous posts, New Jersey did away with its estate tax in 2018.  This was part of a compromise between the state legislature and then Governor Christie who agreed to an increase in New Jersey’s gasoline tax.  I have also pointed out that we still have an inheritance tax in […]

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Is There Any Government Benefit Program I Am Not Aware Of? (Part 2)

                In last week’s post I related a common question about government benefits – “is there something out there in the way of benefits that we could get that we’re just not aware of”?                 Most recently, a son, whose dad is in a nursing home already receiving Medicaid benefits, asked me this question.  His […]

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Is There Any Government Benefits I am Not Aware of? Part 1

                In this week’s post I want to talk about a common question I get about government benefits.  “Is there any benefit my family member can get that I am not aware of?”  In other words, “am I missing anything”?  I can certainly understand the reason for the […]

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Getting and Then Keeping Medicaid- Part 3

       This week’s post is the last of 3 on the danger of losing Medicaid after having been approved. In both of our cases the Qualified Income Trust was the cause and each time it happened during the annual redetermination process.        As I explained last week the QIT rules are […]

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Getting Medicaid and then Keeping it (Part 2)

            In my post last week, I started to tell you about the dangers of losing Medicaid benefits after qualifying for them.  That’s because you cannot put things on “autopilot”.  One reason is that getting a Medicaid approval only lasts for one year.  The State requires recipients to go through an annual redetermination process.             […]

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Getting and Keeping Medicaid – Part 1

                In this week’s post I focus back on Medicaid.  As I often tell people, every year it seems that securing Medicaid approvalsis increasingly difficult.  There are more ways to be tripped up by the complex and often confusing rules and regulations.  Many of the problems stem from keeping Medicaid eligibility after it has been […]

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Why You Want to Avoid Intestacy Laws – Part 2

                In last week’s post I started talking about intestacy laws which direct how assets pass when a person dies without a will.  This week I will discuss a couple of instances where failing to prepare a will proved harmful.                 In the first case, Joe was married but he had no descendants.  His mother […]

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Why You Want to Avoid Intestacy Laws – Part 1

                In the past few months we have had calls regarding how to distribute assets of a person who dies without a will.  This is what is known as dying “intestate”, without leaving a will or set of instructions as to how you want your assets distributed.   Keep in mind that some assets may have […]

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