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There Is More to Elder Law Than Medicaid Planning

    There are many different types of elder law practices. Some focus on the broad spectrum of issues that effect seniors, as our firm does. Others  focus solely on Medicaid asset protection. Many attorneys, including myself, have come to realize that older adults who are facing health challenges, and the families, that care for  them, need…

Multi-generational Living: estate planning and elder law impacts

A Pew Research Center analysis of census data found that in 2016, 20% of the U.S. population was living in multi-generational homes. That’s a record number and one that is expected to keep rising. In the article titled “How to Address Multigenerational Estate Planning Issues,” Financial Advisor Magazine asks what’s behind the numbers? For some families,…

Retirement- Often It Includes Working Now

Montefiore, a large hospital located in the Bronx, N.Y., is one of many organizations developing informal programs to rehire some retired employees. Administrators noticed that half of its nurses were nearing 50. It didn’t have a nursing shortage and wanted to prevent one. It now routinely brings back retired nurses on a freelance basis. It’s…

Can You Save on Taxes in Retirement?

It’s frustrating when you’ve been responsible and saved diligently for your retirement throughout your working career, but the tax bites keep on coming. If you are retired, or near to retirement, you’ll want to use tax-efficient ways to withdraw money from your investment accounts. There was a rule of thumb from the financial investment community…

Will SAFE Act Really Make Seniors Safe?

Elder abuse costs millions of Americans an estimated $2.9 billion annually. The expectation is that these numbers are only going to increase, as the scams targeting the elderly become more and more sophisticated. This is according to Forbes in ““After SAFE Act Passage, The Battle Against Elder Financial Abuse Remains Far From Over.” The aim…

Estate Planning with Blended Families Requires a Balance

When you marry, you’re entering a partnership that is emotional and financial. When you marry again and when there are children from prior marriages, you are all entering a brave new world. The number one reason that stepparents and stepchildren fight is over money, according to the article “Don’t Split Heirs With Your Estate” from…

Cohousing : Will It Be Right For You?

For those living in high-cost metropolitan and suburban areas like Northern New Jersey, staying in a single family house after retirement may prove challenging. Cohousing is a housing model in which everyone gets their own private home (often a tiny house), while sharing kitchens and other common spaces with others in a small community. Neighbors…

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