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Tag: nursing home care

17Oct

Problems When Life Estate Is Sold During a Person’s Lifetime

Posted by markelderlawon October 17, 2021in Estate Planning
client selling life estate

What happens if the property is sold during the lifetime of the parent?  Many individuals protect their home from Medicaid and the cost of long-term care by transferring their property to a family member but retaining a life estate interest. …

Read More Problems When Life Estate Is Sold During a Person’s Lifetime

22Sep

New Rating System for Nursing Homes

Posted by markelderlawon September 22, 2021January 13, 2022in Nursing Homes
elderly man using laptop

Choosing a nursing home is an extremely important and often overwhelming decision that affects the daily life of you and your loved one.  You want to be sure that your loved one is receiving the best care.  There is a…

Read More New Rating System for Nursing Homes

30Oct

Seek Legal Advice before Gifting Assets

Posted by markelderlawon October 30, 2018June 15, 2022in Estate Planning
woman sitting outside with grandchildren

If significant assets are transferred to a child, then there will be a tax and estate planning ramifications from the transaction.  The transfer of funds may prevent the parent from obtaining Medicaid assistance to pay for needed long-term care. In…

Read More Seek Legal Advice before Gifting Assets

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Stratford, NJ 08084
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