Selling Your Life Insurance Policy to Help Cover Expenses
The National Council on Aging reports that more than 16.5 million adults 65 and older experience economic insecurity, with incomes below 200 percent of the federal poverty level. Rising housing and health care bills can burden seniors [...]
Your Will Can Protect Your Children With Disabilities
August signifies National Make-a-Will Month. For the one in five families who care for children with special needs, estate planning is crucial. Parents of a child with a disability face numerous challenges and concerns. One 2022 study found [...]
How No Surprises Act May Help With Unexpected Medical Bills
The No Surprises Act is a federal law enacted to protect patients from unexpected medical bills incurred on or after January 1, 2022. It aims to address the issue of surprise medical billing, which can occur when [...]
What to Do When Social Security Overpays
According to the Social Security Administration (SSA), 69.1 million people benefit from Social Security programs, such as Supplemental Security Income (SSI) and Social Security Disability Insurance (SSDI). Of the $1.1 trillion Social Security payments the [...]
How to Stop Losing Money to a Nursing Home: Medicaid Planning Techniques Nursing Homes Don’t Want You to Know About
The decision to move a loved one into an assisted living facility or a nursing home can be emotional and difficult, and the financial aspects only add to the stress. Many families deplete their savings, [...]
How to Handle Probate in New Jersey
Probate is the legal process through which the assets of a deceased person are distributed to their heirs or beneficiaries. In New Jersey, the probate process is overseen by the county surrogate's court. While probate [...]
What to Do If You Suspect Neglect or Abuse in a Nursing Home
Every individual deserves to be treated with respect, dignity, and proper care, especially those residing in long-term care settings like nursing homes or assisted living facilities. However, neglect and abuse sadly occur in such settings, [...]
Using Wyoming LLC to Own Real Estate in New Jersey
For savvy real estate investors looking for innovative ways to protect their investments, forming a Wyoming Limited Liability Company (LLC) to hold real estate in New Jersey can be an effective strategy. This article provides [...]
Home Health Services Underutilized by Seniors, Study Shows
Health Affairs estimates that 4 million older adults can only leave their homes with assistance, making accessing care challenging. The Centers for Disease Control and Prevention reports that 1.3 million Americans receive care in nursing homes. According [...]
Harnessing the Power of FLPs and LLCs in Estate Planning
Estate planning is an essential process for preserving your wealth, preparing for the unexpected, and ensuring a smooth transition of assets to your loved ones. Today, we explore two powerful tools at the disposal of [...]
What You Should Know About Required Minimum Distributions
Required Minimum Distributions (RMDs) are the minimum amounts a retirement plan account owner must take out each year. Legislation known as the SECURE 2.0 Act, passed in late 2022, has changed prior rules related to RMDs. Effective [...]
The Pitfalls of Corporate Ownership of Real Estate
Owning real estate through a corporation, be it a C corporation or an S corporation, might seem like a prudent business strategy at first glance. However, this method of holding property can introduce a range [...]