In the hustle and bustle of our daily lives, thoughts of the distant future often take a backseat to more immediate concerns. However, as the years pass by, it becomes increasingly evident that adequate long-term care planning is not just a prudent step, but a crucial one. The aging process is an inevitable part of […]

Aging is an inevitable reality for everyone. As part of this, many adults engage in long-term planning in anticipation of their later years. But, for many in the LGBTQ+ community, there is anxiety and trepidation over long-term planning. This is because older people in this community worry about being the subject of discrimination or inadequate

What are the most common mistakes families make when they are trying to find ways to pay for long-term care? According to attorney Charles “Chris” Bratton, the biggest mistake is taking advice from the wrong people, and much of that advice is related to misguided attempts to spend down assets to meet Medicaid’s strict asset

In New Jersey, a durable power of attorney allows you to give others the ability to make financial and business decisions on your behalf. This legal document can go into effect immediately and will remain in effect should you become incapacitated. You can also give specific authority to the person you choose, and this can

For those who have a loved one struggling with Alzheimer’s or dementia, every day can be a challenge. From trying to provide the best care possible and investigating new treatments to planning for long term needs, dealing with this degenerative brain disorder requires strength and courage. June is Alzheimer’s Disease and Brain Awareness month, and

Thinking about applying for Social Security benefits? If so, while the regulations can be complicated, there are some guidelines to help in the decision-making process. It is possible to apply for benefits as early as 62, but this may not be the best time to apply. Knowing the best time to apply depends on individual

Medicaid long term care provides resources for medical and personal needs for people who have a chronic illness or disability and do not have enough in retirement savings or assets to pay for medical care. Medicaid long term care will pay for services such as help with the daily living activities of walking, eating, bathing,

Two of the main types of trusts are fixed and discretionary trusts. Both trusts can be used to provide tax relief and prevent resources from going through probate. Yet how they are managed differs. A fixed trust identifies the beneficiaries and how the assets should be distributed. A discretionary trust offers the trustee the option

There are several situations where someone may need a power of attorney. Some of the reasons for a power of attorney include granting someone the ability to act on another person’s behalf such as in managing finances, making healthcare decisions, and conducting real estate or other transactions. At any time, an individual may choose to