Irrevocable Trusts and Medicaid – Part 1
I’ve written about trusts many times on my blog over the years, specifically about how we get many callers asking us to take a look at an existing trust the caller has set up - or that a family member set up for the caller - to
The Continuing Rise in Long Term Care Premiums
A few years ago I wrote about the number of clients calling our office who are getting notices of substantial rate increases on their long term care insurance policies. Since then it has been a problem that has only increased in frequency. An article this week in
The Problem with Out of State Documents – Part 2
In last week’s post I was telling you about a situation with a client who has a North Carolina power of attorney that his wife needed to use here in New Jersey where they currently live. The document is a springing power of attorney, meaning it does
The Problem with Out of State Documents – Part 1
I am often asked whether moving from one state to another requires someone to redo their legal documents. While I obviously don’t have knowledge of the laws in every state, my general answer is that I am not aware of any state that invalidates a will, power
What the New Tax Law Means for Seniors – Part 2
In last week’s blog I told you about some of the changes in the new tax bill. This week I’ll cover some more as well as some changes that were discussed but didn’t happen. The mortgage interest deduction has been reduced. Now taxpayers can deduct the interest on