If a loved one is experiencing memory loss or suddenly making poor decisions, you may want the court to appoint a guardian, which requires a declaration of incapacity. Determining whether someone is incapable to make their own decisions is a complicated process. If a loved one is unable to make decisions for him or herself, […]
When Can Someone Be Declared Legally Incompetent? Read More »
The amount you can gift to any one person without filing a gift tax form is increasing to $16,000 in 2022, the first increase since 2018. The federal estate tax exclusion is also climbing to more than $12 million per individual. The IRS’s announcement that the annual gift exclusion will rise for calendar year 2022
Annual Gift Tax and Estate Tax Exclusions Are Increasing in 2022 Read More »
We often get the question, “How does a trust protect my assets?” We must emphasize from the onset that if you have access to your trust assets, your creditors will have access to those assets as well. There are trusts that protect your assets, but the most common trust, the Revocable Living Trust, does not protect your
How Does a Trust Protect My Assets? Read More »
It is with great honor to announce that Bratton Law Group attorneys Chris Bratton and Brittany Tedesco have been named Awesome Attorneys 2021 by South Jersey Magazine. Both were recognized in last month’s issue, Mr. Bratton for the field of Trusts & Estates Law and Ms. Tedesco for Estate Planning/Asset Protection Law. According to the magazine, those elected
Attorneys Chris Bratton and Brittany Tedesco Receive “Awesome Attorney 2021” Awards Read More »
Elder law and estate planning serve two different–but equally vital–functions. The main difference is that elder law is focused on preserving your assets during your lifetime, while estate planning concentrates on what happens to your assets after you die. Elder law planning is concerned with ensuring that seniors live long, healthy, and financially secure lives.
The Difference Between Elder Law and Estate Planning Read More »
Alexander Moore’s paternal grandmother was a nurse, and he draws much inspiration from her life. Moore is this year’s winner of the Vicki Elaine Whitworth Memorial Scholarship Fund, which asks applicants to write about the qualities of an effective nurse. “A good nurse must be able to act swiftly and respond to medical impetus with practiced
Alexander Moore Wins Vicki Elaine Whitworth Memorial Scholarship Fund Read More »
While everyone should have a durable power of attorney that appoints someone to act for them if they become incapacitated, in some circumstances it is not enough. In these cases, a revocable trust can help. A durable power of attorney allows you to appoint someone you trust to step in for you to handle financial
Why You May Need a Trust in Addition to a Power of Attorney Read More »
For those individuals receiving SSI or Medicaid, the Centers of Medicare and Medicaid Services (CMS) has released its SSI and Spousal Impoverishment Standards for 2022. The official spousal impoverishment allowances for 2022 are as follows: Minimum Monthly Maintenance Needs Allowance (MMMNA): $2,177.50 Maximum Monthly Maintenance Needs Allowance: $3,435.00 Minimum Community Spouse Resource Allowance: $27,480.00 Maximum Community Spouse Resource
New Medicaid and Medicare Figures for 2022 Read More »
When applying for Medicaid’s long-term care coverage, in addition to the strict income and asset limits, you must demonstrate that you need a level care typically provided in a nursing home. Whether you are applying for nursing home coverage or through a Medicaid waiver program for coverage at home, you must meet the level-of-care requirement
What It Means to Need ‘Nursing Home Level of Care’ for Medicaid Eligibility Read More »
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