Long Term Care
Attorneys at Shah & Associates are offering a course on Elder Law in Monroe on October 13th!
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
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 […]
What is Medicaid Pre-Planning?
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 […]
What to Do When Your Elderly Parents Move in With You
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
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
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 […]
Preventing End of Life Costs from Destroying Your Estate
It’s very rare that anybody has covered all possible risks in terms of their wealth management when it comes to income and cash flow, guaranteed income, cash, investments, and the connection between long term care and your estate. If you skip planning for long term care expenses, you may find that your other wealth management […]
You Have Options for Your or Your Loved One’s Long-Term Care Needs
As life expectancy continues to rise, so does the possibility that an individual will require long-term care at the end of his or her life. A recent article states that 7 in 10 Americans will require long-term care at some point in their lives. Unfortunately, as life expectancies rise, so do the costs of long-term care. […]
Planning Now for the Potential of Alzheimer’s Later
More and more senior Americans are forced to deal with the devastating diagnosis of Alzheimer’s. Without planning, an Alzheimer’s diagnosis can be a devastating financial blow to an individual and his or her family. A recent article discusses how individuals can take control of their financial futures by planning now for the potential of an […]
Considering Providing In-Home Care for a Loved One? Read This First
For some elderly citizens, remaining at home is no longer an option. Either physical or mental deterioration makes it impossible for them to carry out daily tasks, even with assistance from loved ones. Other seniors, however, may be able to live at home longer than they think. A recent article discusses considerations a person should […]
