Five Unconventional Estate Planning Issues

For many people, estate planning begins and ends with their last will and testament, with perhaps some advance directives to avoid problems if they become incapacitated. However, there are some less well known estate planning issues that you should consider, especially if you own a variety of different types of assets. Here are five estate planning issues you may not have considered, but which may have an impact on you or your loved ones: Continue reading “Five Unconventional Estate Planning Issues”

New Jersey Implements New Background Screening for Guardians

The Administrative Office of the Courts for the State of New Jersey has issued a new directive that will introduce more stringent requirements for certain people seeking to become guardian of another person. These requirements will include a more thorough background check, which is meant to help determine if a guardian is suitable for the responsibility they would be given. Anyone who wants to apply for a guardianship in New Jersey should be aware of these new requirements, and be ready for the additional burdens they will impose. Continue reading “New Jersey Implements New Background Screening for Guardians”

When Might You Need a Guardianship or Conservatorship?

Most people know, at least in theory, that they should begin planning their estates sooner rather than later. They know the longer they put off writing their wills, establishing advance directives, and taking care of other aspects of estate planning, the more likely it is that they, and their loved ones, will suffer the consequences. Among those possible consequences is needing to go to court to establish a guardianship or conservatorship for an incapacitated family member. Continue reading “When Might You Need a Guardianship or Conservatorship?”

Planning Your Estate During the Coronavirus Pandemic

It's never been more important to have an estate plan in place.

The coronavirus pandemic has brought people’s priorities into sharp relief, making the possibility of mortality more acutely apparent than any other time in recent history. Because of that, consideration of estate planning is likely on the rise during a challenging time when courts are closed, and most legal proceedings are on hold. However, it is still possible to do estate planning even now, and it should not be put off if the sole reason for delay is the inability to travel to a law office and meet with an attorney. Continue reading “Planning Your Estate During the Coronavirus Pandemic”

New Law Set to Impact RMDs for Inherited Retirement Accounts

The “Setting Every Community Up for Retirement Enhancement Act” (a/k/a the “SECURE Act”) has passed through Congress and has been signed by President Trump, taking effect on January 1, 2020. This new law will have a significant impact on Required Minimum Distributions (RMDs) for inherited retirement accounts. Anyone who has a retirement account, or is set to receive an inherited retirement account, should be aware of these changes. Continue reading “New Law Set to Impact RMDs for Inherited Retirement Accounts”

What Does It Mean to Have a Guardian?

Guardianships aren’t the most commonly talked about part of caring for elders, but unfortunately, they do become occasionally necessary. Not everyone has a power of attorney set up before they become incapacitated, either because they put it off until it is too late, or because the onset of their incapacitating condition is so sudden, they have no time to prepare. Either way, it is important to know what a guardian is, just in case a guardian becomes necessary for you or your loved ones. Continue reading “What Does It Mean to Have a Guardian?”

New Jersey’s FedUp Program Seeks to Help Seniors from Falling Victim to a Scam

elder law attorney New JerseyTelephone and internet scams have been around for decades. Criminalistic hackers and con artists prey on the most vulnerable in an attempt to rob them of their fortune; the most vulnerable are our senior citizens. Senior citizens are often the main targets, as they spend most of their time in leisure, usually by the phone or on their computer. Hackers understand this trend in senior citizen behavior and attack when you least expect it. Continue reading “New Jersey’s FedUp Program Seeks to Help Seniors from Falling Victim to a Scam”

Nursing Home Financial Abuse

nursing home abuse lawyers New JerseyElder abuse can take many forms, including physical, sexual, emotional, and financial. In long-term care facilities across the U.S., elders are facing financial abuse in alarming numbers. Nursing home financial abuse is a growing issue in today’s society and is likely to increase as the elderly population continues to grow. As many as one in nine individuals over the age of 60 years old have reported being financially exploited within the last year, according to the National Adult Protective Services Association. Elder financial abuse can cause serious harm to the senior and may result in depression, financial destitution, inability to support long-term care needs, among other effects. Continue reading “Nursing Home Financial Abuse”

Planning Your Own Funeral May Mitigate the Risk of Disputes Between Grieving Family Members

An authorization for final disposition allows someone to designate an agent to make arrangements for their funeral, as well as take control of his or her body upon death. An authorization for final disposition can set forth instructions for the following:

  • Burial;
  • Viewing;
  • Headstone;
  • Attire;
  • Flowers; and
  • Cost, among other arrangements.

Continue reading “Planning Your Own Funeral May Mitigate the Risk of Disputes Between Grieving Family Members”

New Rule Protects Seniors and Disabled Adults from Financial Exploitation

New Jersey elder law attorneyWith technology becoming increasingly prominent in our every day lives, the risk of financial exploitation has increased as well. Those that are especially at risk include the elderly and adults with mental or physical impairments and scammers know to take advantage of them. Instances of financial exploitation commonly involve:

  • Telephone scams requesting money for a loved one in trouble; financial information; donations; or claiming you are the winner of a lottery or sweepstakes
  • Professional” scams where people are pressured into taking out loans or participating in investment schemes that promise unrealistic returns
  • Misuse of a Power of Attorney or joint bank accounts by family members

Continue reading “New Rule Protects Seniors and Disabled Adults from Financial Exploitation”