New Jersey estate planning lawyer & attorney Deirdre R. Wheatley-Liss of Fein, Such, Kahn & Shepard uses the New Jersey Estate Planning & Elder Law Blog to provide insight and commentary on estate planning and elder law issues in the Garden State.
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Anyone reading this blog post likely has a rich social media life - you keep up with friends and family on Facebook, you share pictures on Flickr and videos on YouTube and the like, you may have a following you tweet to, you are active on message boards, you blog, or you are active in one of the...
While each estate administration presents different facts - the terms of the Will or Trust, the amount and composition of the assets, each estate in New Jersey goes through the same 3 stages: · Probate. The first stage is when the...
The key figures for Medicaid eligibility are updated frequently. These figures will determine if a person qualifies for long term health care to be paid under Medicaid, as well as what assets a spouse can maintain if one spouse enters a nursing home. These figures change...
Tough times are all around, and apparently the IRS recognizes this as well. The IRS recently announced a series of new initiatives to " to help individuals and small businesses meet their tax obligations, without adding unnecessary burden to taxpayers. " The changes center...
You are into your retirement, selling your home because "it is getting to be too much" and looking at different housing options. One considerations needs to be "Can I easily be cared for in my new home if I get sick?". Stacey C. Maiden, Esq., of Counsel to our Tax,...
I recently received an email from The Kelly Group at Morgan Stanley Smith Barney with some good practical advice on a financial checkup that everyone should do once a year. The email resonated with me so I thought to share it with you by putting the text of it below. My suggestion? Take...
It's that time of year when we are all hunkering down getting our documents together to file our income taxes. While we recently blogged about proposed changes to the tax code, filing your taxes deals with the laws that are in place here and now. So, what do you need to know?...
President Obama’s fiscal year 2013 budget has the potential to trim the deficit by Four Trillion ($4,000,000,000,000.00) Dollars through a combination of spending cuts and tax increases. These proposals will effect all taxpayers, but have particular impact to top earnings, business...
A decedent doesn't always leave assets to his or her heirs - instead there may only be a pile of debt. An estate is known as an "Insolvent Estate" when its liabilities exceed its assets. What to do in that situation? When determining if there are any assets that will pass to...
In a case of "you have got to be kidding me" a Florida man adopts his girlfriend (in her mid-40's) as part of an "oh no - I should have done this sooner" dubious asset protection plan. Steven A. Loeb, Esq. points out that there is a right way and a wrong way to approach...