Having a properly drafted Will is essential to any estate plan. However, many question whether a trust is beneficial, or even necessary, to their estate plan. There are many different types of trusts which serve many different purposes. One of the simplest and most common types of trusts are revocable living trusts (“RLTs”). An RLT is created […]
Should I Have a Revocable Living Trust? Read More »
The new minimum community spouse resource allowance (CSRA) is $24,180 and the maximum CSRA is $120,900. The maximum monthly maintenance needs allowance is $3,022.50. The minimum monthly maintenance needs allowance remains $2,002.50 ($2,502.50 for Alaska and $2,302.25 for Hawaii) until July 1, 2017. Income Cap The income cap for 2017 applicable in “income cap” states is
New Medicaid and Medicare Figures for 2017 Read More »
For most Americans, the Social Security pension will be their largest asset in retirement. Deciding when is the most advantageous time to retire and when to take this benefit is crucial to maximizing long-term wealth. At Bratton Law Group, we guide our clients through the myriad rules surrounding Social Security pension calculations to maximize their
[FREE WEBINAR] Get the Most Out of Social Security While You Still Can Read More »
By now, we all know that New Jersey is set to repeal its estate tax. New Jersey is one of two states that has two, separate death taxes; an estate tax and an inheritance tax. The New Jersey legislature recently voted to repeal the state’s estate tax as part of a deal to include a
New Jersey Estate Tax Repeal Update Read More »
If you have a loved one who has a disability, you know how important it is to make sure that their financial future is secured. Traditionally, family members set up a Special Needs Trust, which has the benefits of providing them with money in a way that does not jeopardize their eligibility for Supplemental Security Income
What Could the Proposed Changes to Special Needs Trusts Mean for You? Read More »
For the second year in a row, Bratton Law Group Attorneys is pleased to announce that Charles “Chris” Bratton has been selected to receive the 2017 “Emerging GrowthAward” for his Estate Planning and Elder Law practice. For a legal consultation, call 856 770 2744 This award is being presented by New Jersey SmartCEO and Headline
Attorney Charles “Chris” Bratton Receives 2017 “Emerging Growth Award” Read More »
A New York court recently held similar to the New Jersey rule that an agreement needs to be in place between a parent and caregiver child to provide care. Medicaid is the federal government program that will pay for long-term care. This program has a five-year lookback meaning they will look into the applicant’s financial
Can I Get Paid For Taking Care Of My Parent Without Jeopardizing Medicaid? Read More »
A recent New Jersey appellate court case yielded bad luck to a grandmother who attempted to loan her daughter funds to pay for her granddaughter’s tuition. Medicaid, the federal program that will pay for long-term care objected to this type of transaction because the regulations classify this type of transfer of funds as a “gift.”
Grandparents: Think Twice Before Paying Tuition Read More »
Bratton Law Group Attorneys, in partnership with National Aging in Place Council Philadelphia members, are pleased to announce the formation of the NEW Philadelphia chapter. The National Aging in Place Council (NAIPC) is a non-profit association of service providers dedicated to working together to help people in their later years live a healthy and comfortable
National Aging in Place Council Comes to Philadelphia Read More »
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