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You Can ‘Cure' a Medicaid Penalty by Returning a...
In general, a New Jersey resident is eligible for Medicaid if his assets do not exceed the State's resource limit. However, an applicant cannot simply give money away to bring himself under the... Read More > -
Recipients of Supplemental Security Income Now Have 50...
People facing a reduction, suspension, or other change to their Supplemental Security Income (SSI) now have more time to file an appeal, in a concession by the Social Security Administration (SSA) to... Read More > -
Why You May Need a Trust in Addition to a Power of Attorney...
While everyone should have a durable power of attorney that appoints someone to act for them if they become incapacitated, in some circumstances it is not enough. In these cases, a revocable trust... Read More > -
ALF Medicaid vs. SNF Medicaid...
Assisted living facilities are a housing option for people who can still live independently, but who need some assistance with their daily activities. Costs can vary greatly depending on location and... Read More > -
ABLE Accounts vs. Special Needs Trusts: Why Not Have It All?...
If you have a child with disabilities, it is crucial to set money aside for the child's future. At the same time, you need to consider your child's access to public benefit programs such as... Read More > -
Annual Gift Tax and Estate Tax Exclusions Are Increasing in ...
The amount you can gift to any one person without filing a gift tax form is increasing to $16,000 in 2022, the first increase since 2018. The federal estate tax exclusion is also climbing to more... Read More > -
What Are a Special Needs Trustee's Record-Keeping...
One of the most important roles in a special needs plan is that of trustee, the person who administers a special needs trust (SNT). Of a trustee's many responsibilities, record-keeping is... Read More > -
Supportive Housing Programs Offer Integrated Solutions for...
Since the 1960s there has been steady reformation of mental health care in the United States. One of the most visible signs of this effort is the movement away from treatment in large state mental... Read More > -
IRS Issues Long-Term Care Premium Deductibility Limits for...
The Internal Revenue Service (IRS) has announced the amounts taxpayers of different ages can deduct from their 2022 income as a result of buying long-term care insurance, and the figures are almost... Read More >