The Importance of a Well Crafted POA
As I have always told my clients, a power of attorney is as important, if not more important to you, as your will. Yet most people pay far more attention to the drafting of their will and give their POA little thought. How so?
Home for the Holidays
Once again the holiday season is upon us, a time of joy but also stress. We often visit family members we haven’t seen in some time and that’s when changes in older loved ones become more noticeable. Some of the changes that may indicate your loved one needs
New Medicaid and VA Figures for 2015
Each year, many of the programs that, as elder law attorneys, we deal with daily, such as VA Aid and Attendance and Medicaid, are adjusted for inflation through a cost of living adjustment. In the past month the Social Security Administration announced that Social Security recipients will receive a 1.7% increase
Changes to New Jersey Medicaid Have Finally Arrived!
So it has finally happened. Effective last Monday, December 1, New Jersey no longer is offering its Medically Needy program to individuals in need of nursing home level care. What this change does is effectively make Medicaid benefits possible to those at home and in assisted living facilities as
When the State Decides Who Gets Your Assets
Last week we were discussing whether and under what circumstance a person who is mentally impaired can execute a will. So what happens if a person dies without a will? How are assets passed in that case? New Jersey has a law that predetermines how assets are passed in
Can a Mentally Impaired Person Execute a Will?
Mom has been diagnosed with dementia. She doesn’t have any estate planning documents, such as a will, power of attorney or health care directive. I am often asked, “Can Mom still execute these documents? What level of capacity is needed?” The legal capacity needed to execute a will is
Some Long Term Care Insurance Options You Probably Never Heard Of (Part 2)
Last week I told you about Jim and Judy who had passed on the opportunity to buy long term care insurance years ago and are now too old to get it. I told Jim that there are some options available to him and Judy, even now while in their
Some Long Term Care Insurance Options You Probably Never Heard Of
Jim and Judy called because they wanted to make some changes to their wills. In their late 70’s but still pretty healthy, they have a son who is struggling financially with 2 children in college and another with special needs. They wanted to provide for their grandchildren and also
When Doing it Yourself (Medicaid) Can Only Take You So Far (Part 2)
Last week I was telling you about Joe’s call. His mother, who was on Medicaid, received notice of an inheritance of $75,000. Joe wanted to figure out a way to keep that money since he and his brother had given Mom money to pay some of her medical expenses