Elder Care & Estate Planning Blog

12
Mar
Estate Planning

How Can I Avoid the Inheritance Tax When Gifting to Extended Family?

Blog last updated on June 30, 2021 The state of New Jersey is unusual in that it is just one of six states that have an inheritance tax. An inheritance ...

12
Mar
Estate Planning

Asking Mom and Dad What You’ll Inherit May be the Most Awkward Conversations Ever

“With wealth for millennials set to double in the next 20 years, it’s time to get over the awkwardness and have the conversation now.” When is a good time to ...

12
Mar
Elder Law

There are Rules to Follow in Skilled Nursing Facility Evictions

Receiving an eviction notice is jarring and intimidating. Receiving an eviction notice from a skilled nursing facility (SNF) is even worse. Residents might be so intimidated that they simply move ...

12
Mar
Retirement

Retirees: Don’t Make These Tax Mistakes!

Retirement is supposed to be a time of relaxation, of enjoying the finer things in life. Unfortunately, this means that many seniors rest on their metaphorical laurels as they relate ...

12
Mar
Estate Planning

Simple Estate Planning Needed for All

“No matter your age or socioeconomic status, estate planning is something you need to consider.” Estate planning isn’t just about leaving assets to heirs. A recent twincities.com article, titled “Your ...

12
Mar
Retirement

Can You Retire in 2018?

“The decision to retire, isn’t one to be taken lightly.” If you’re thinking that 2018 will be the year you bring your career to a close, be sure to consider ...

12
Mar
Elder Law

Understanding Long-Term Care Planning

“Unless you’re very rich or very poor, you should be looking into all of the long-term care possibilities out there. Because of the costs and complexity involved, the choice isn’t ...

12
Mar
Asset Protection

How to Plan After a Divorce

“To avoid post-divorce financial trouble, I recommend that you and your ex, through your attorneys, create an action plan setting forth what steps you will each take, and by when, ...

12
Mar
Probate and Estate Admin

Should a Widower Add His Kid to the House Deed to Avoid Probate?

“Medicaid utilizes a five-year lookback to determine if you gave assets away within five years of your application for benefits. Transferring the home could make you ineligible for a period ...

9
Feb
Estate Tax Planning

What Are the Taxes on a Gift From Mom and Dad?

“Understanding what taxes are–and aren’t—owed on money gifts.” It’s not unusual for parents and in-laws to help a young couple buy a house. The parent can gift money to them, ...

Van Dyck Law Client Reviews

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