Elder Law

Attorneys at Shah & Associates are offering a course on Elder Law in Monroe on October 13th!

Sep 26,2015

Monroe Township Community Education Topic – Elder Law – Guide to Paying for Long-Term Care Costs Fall 2015 Brochure

PRENUPS AND MEDICAID – What you need to know about the impact of prenups on Medicaid planning

Aug 17,2015

Generally a prenuptial agreement states that what each spouse brings to the marriage remains their separate property. While there is some question of the enforceability of these agreements in New Jersey, it is always a good idea for parties to contractually agree to work out the details in advance. This becomes especially significant when one […]

General Durable Power of Attorney: What Is It And Why Should You Have One?

Aug 10,2015

A general durable power of attorney is a legal document authorizing someone (called your Agent or Attorney-in-Fact) to manage your financial affairs on your behalf. This individual can perform any actions that you could do for yourself, such as signing checks, buying or selling real estate, depositing or withdrawing funds, even run a business! The bonus […]

What is Medicaid Pre-Planning?

Feb 04,2015

There are two main approaches to Medicaid planning. The first is known as crisis planning, where an individual is facing the risk of losing all their assets by paying for care in a facility. The second refers to planning ahead of time and this is known as pre-planning. If you are healthy enough, one popular […]

3 Steps for Baby Boomers Without a Plan

Feb 02,2015

While every mentally competent individual over the age of 18 should have an estate plan in place, it is especially important that Baby Boomers without a plan begin to put something together. A recent article offers several estate-planning strategies for baby boomers to begin planning: 1. Create a Will and Trust: No matter what type […]

Top Beneficiary Mistakes: Part One

Jan 27,2015

Too often, the process of naming a beneficiary gets overlooked as the “easy part” of estate planning, but this also means that many mistakes can lead to problems down the line. Here is part one of the most common mistakes made in the process of naming a beneficiary. Tune in tomorrow for another post on […]

What to Do When Your Elderly Parents Move in With You

Jan 22,2015

More and more, elderly parents are moving in with their grown children. With the increasing costs of nursing homes, this makes financial sense for many people. But what should you and your parents do to prepare for such a dramatic move? (Photo credit: Wikipedia) Issues that must be considered range from the financial to the […]

Using Communication To Make Estate Planning Easier

Jan 19,2015

Estate planning is a valuable exercise at just about any stage of life, but an often-overlooked aspect of planning has to do with communicating the results to those impacted in the future. Failing to communicate your plans reduces the chances of having family members with difficult questions or unresolved conflicts down the road. Even families […]

Planning Checklist for A Money Conversation With an Aging Parent

Jan 15,2015

Even in the tightest of families, talking about money can make anyone nervous. If you’ve got an aging parent, though, it’s a wise idea to schedule a time to sit down and discuss critical issues with your loved one.  Come prepared with a list of what you’d like to discuss. This can help keep you […]

3 Policies That Might Influence Your Plans to Retire

Jun 12,2014

There’s a flurry of activity in D.C. lately that might have an influence on your retirement plans. The proposed Obama budget has some important considerations inside for IRAs and Social Security. To start with, the plan suggests “harmonizing” required minimum distribution rules making mandatory RMDs for Roth IRAs after the individual passes age 70 ½. […]

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