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Social Security Rules for Trusts Relaxed

Special needs trusts are strictly regulated by the Social Security administration and the state of New Jersey.  Changes implemented several years ago made it much more difficult for trustees to make distributions for the special needs beneficiary if they incidentally benefitted other people.  Elder law and disability advocates have pushed for common sense reforms and…

Avoiding the new SALT tax limit through multiple trusts

The new tax laws that were passed in December of 2017 are especially harmful to those of in blues states with high property taxes.  New Jersey property owners are the hardest hit by the new $10,000 limit on state and local tax deductions.  Reports indicate that it will result in tax increases for more than…

Lessons from Spade and Bourdain: The Important Differences Between Separation and Divorce

The recent deaths of fashion designer Kate Spade and celebrity chef Anthony Bourdain were horribly tragic. They also provide an important lesson in the impact of failing to divorce when it comes to death and money. At the time of their passing, both Spade and Bourdain were separated from their spouses. As highlighted in the…

Nursing Home Staffing

A new report confirms what anyone who regularly visits nursing homes knows – that staffing levels at many facilities are severely diminished on weekends and holidays. This is a major problem for nursing home residents who are vulnerable and dependent on their caretakers. As discussed in the New York Times, https://www.nytimes.com/2018/07/07/health/nursing-homes-staffing-medicare.html, the Kaiser Daily News analyzed…

What Your Kids Need to Know about Your Death

No one likes to talk about death, especially the death of a loved one. Whether it’s fear, taboo or superstition, most older adults do not talk to their children about what they want to happen when they are ill or deceased. However, things would go a lot better if they did, as Forbesdiscusses in “Talking…

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