A trust can fulfill many useful estate planning goals, from providing for your family and planning for your golden years to protecting your hard-earned assets from taxation. One of the roles that you might consider adding to your trust is a trust protector. Here’s some insight into this
Asset protection trusts are very useful legal tools for planning your retirement while saving your assets from a nursing home or Medicaid spend-down, undue influence, and even scam artists. Here’s some advice for making these trusts as effective and rewarding as possible, from an elder law attorney in
These days, it’s fairly common to see advertisements and articles encouraging seniors to sell their life insurance policies in order to free themselves up from expensive monthly payments, to get much-needed funds to supplement their retirement lifestyle and/or long-term care or to do both. It sounds like a
Identity theft can be devastating, leading to everything from financial losses and ruined credit ratings to endless bureaucratic issues. And it’s more common than you think – in 2017 alone, reports found that 16.7 million Americans became victims of identity fraud. Even more concerning is that seniors
As a small business owner or a family business owner, your company is your legacy – a means to provide for your family and valued employees, giving them financial security and a rewarding career. But the reality is that all that can quickly fall apart if you don’t
In the event of a divorce, it’s essential that you update your estate plan. When 2018 ended in a rush of divorces before the tax law changes that took place on 1st January, there are many divorced people who haven’t yet had the time to change their estate
Many couples are under the impression that if they don’t have any children, they don’t really need an estate plan. However, the reality is that everyone should have an estate plan – if you’re a legal adult and you own assets, no matter their value, an estate plan
If you’re considering a reverse mortgage (also known as a Home Equity Conversion Mortgage) as a means to supplement your retirement plan, it’s important to know the pros and cons. Here are some insights from your elder law attorney in New Jersey.