Do You Qualify for Medicaid?

More New Jersey residents now qualify for Medicaid coverage, as a result of recent changes in federal funding brought on by the Affordable Care Act. A recent article estimates that the number of additional New Jersey residents who now qualify is around 300,000. The reason more New Jersey residents now qualify for Medicaid coverage is[...]

Seniors Leveraging More Debt In Retirement

Here is another post discussing how seniors are handling finances. I’m not a financial advisor (nor do I play one on TV), but I know enough to be dangerous. This article from USA Today talks about how more seniors are using debt to finances their retirement. Whether it is an additional mortgage or credit cards,[...]

Financial Elder Abuse Is Growing

I am encountering more and more situations in which elders are the victims of financial fraud and abuse. Sometimes the attack comes from the outside (like hackers) and just as often the attack comes from family members and trusted friends. It’s a disgusting act, filled with cowardice on the part of the perpetrators. I came[...]

Estate and Inheritance Taxes in New Jersey

For those looking to avoid estate and inheritance taxes, New Jersey is currently not the ideal state for an individual to spend his or her last days. Additionally, the effects of unpaid estate and inheritance taxes could linger long after the owner’s death. New Jersey is one of only two states that impose an estate[...]

Frequently Asked Questions About New Jersey Medicaid

1.3 million New Jersey residents are currently receiving Medicaid benefits. Additionally, as a recent article explains, the initiation of the Obamacare health exchange caused a 35 percent surge in new Medicaid applications. As more New Jersey residents are added to the Medicaid rolls, it is important that they understand the basic principles of coverage. Below[...]

What Do Heirs Want More Than Money?

New Jersey residents can expect to live longer lives than ever before. Unfortunately, residents who live longer lives will also be exposed to the staggering costs of long-term care. This necessarily means that there will be less money to pass on to the next generation. As a recent article explains, however, this will likely not[...]

Must-Do Estate Planning Tasks for the Boomer Generation

For New Jersey’s baby boomer residents who still do not have estate plans, planning needs to be on the top of their to-do list for the new year. A recent article discusses several important estate planning tasks that should be done as part of any estate plan. Create a Will and Trust: While this may[...]

Is Your Living Will Flexible?

Many New Jersey residents have executed a living will as part of their estate planning documents. A living will is important, because it informs your loved ones, as well as those providing you with medical care, of your wishes for end-of-life care. As a recent article explains, however, your living will may not be as[...]

Carry Your Estate Plan With You

New Jersey citizens should take care to prepare for the possibility of an accident or other emergency. As a recent article explains, one way to do this is to carry your important documents with you on a USB drive. So what kind of documents should you store on a USB drive? While the answer to[...]

Veterans May be Losing Out on Social Security

A recent survey of United States Veterans has revealed that many veterans are losing out on Social Security benefits. As a recent article explains, the problems seem to be that veterans do not know how to access an estimation of their social security benefits, and do not understand the impact of taking benefits early or[...]

1 49 50 51 52 53 65