As people enter their golden years, it is important for them to properly plan for a time when they may not be able to care for themselves and, eventually, for when they die. It's not a subject people like to think about, but it is a fact of life that needs to be treated seriously. At Rudolph & Bloodgood, LLC in Riverdale, New Jersey, we offer our clients more than 50 years of experience.
We understand that people are not eager to confront issues involving elder law and estate planning. These are complicated issues, and the tendency is to postpone making decisions. However, we have seen the chaos that is created when people fail to plan ahead. It can be emotionally and financially devastating.
We understand that people are not eager to confront issues involving elder law and estate planning. These are complicated issues, and the tendency is to postpone making decisions. However, we have seen the chaos that is created when people fail to plan ahead. It can be emotionally and financially devastating.
Services
If you were to ask our clients what they like most about working with us, they would likely tell you it's the way we make them feel comfortable in the midst of dealing with complex and sometimes intimidating legal issues. They also appreciate the fact that we promptly return their phone calls and emails.
When you are faced with an issue that requires the attention of an attorney, you should choose someone who has the experience to handle your case efficiently and effectively. You want someone who has patience and will take the time to help you understand the legal issues involved and the options available to you.
Elder law includes all of the elements of traditional estate planning. Estate planning focuses on counseling clients about the transfer of assets from spouse to spouse and/or from one generation to the next. The primary objective is to balance the reduction or elimination of taxes with the need for flexibility.
Steps can be taken to prevent the devastating cost of nursing home care - which averages $350 to $450 per day in northern New Jersey - from depleting your life savings. In order to avoid Medicaid's five-year look-back rule, couples generally have to make plans five years in advance. THINK AHEAD. PLAN AHEAD.
Most people know that everyone, young or old, rich or poor, needs a will. If you fail to execute a will before your death (or before you become incapacitated), state law will determine who inherits your property. It may not be the beneficiaries you would have chosen, and minors will receive their inheritances at the age of 18, even though most people agree that 18-year-old adults are not mature enough to manage large sums of money.
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