The New Jersey State Bar Association has awarded attorney Lawrence A. Friedman its 2016 Distinguished Legislative Service Award for helping to enact the Uniform Trust Code (“UTC”) in New Jersey. The Distinguished Legislative Service Award is the Bar Association’s highest honor for noteworthy legislative service while the UTC codifies over 100 years of trust law […]
With the inauguration of President-Elect Trump on Friday, Republicans in control of both houses of Congress, and an open Supreme Court seat, it’s very likely that the Affordable Care Act (ACA) will soon be repealed. No one knows quite how this will shake out, or exactly what the ACA will be replaced with. If the […]
This past Tuesday, President Obama signed into law the 21st-century Cures Act. This new law is broad and sweeping, and passed with bipartisan support. It includes funding for new medical research, Vice President Biden’s “cancer moonshot” program to find a cure for cancer, and, critically for our work, passage of the Special Needs Trust Fairness […]
If a person applies for long term care Medicaid (such as in a nursing home or assisted living facility), and his spouse still lives independently in the community, then even though the Medicaid applicant must have assets under $2,000, the community spouse may be able to keep some of the couple’s assets. The idea is to avoid impoverishing […]
Long term care can be provided in a nursing home, assisted living facility, or at home with aides. While each setting has its advantages and drawbacks, they all have high cost in common. With care often costing over $10,000 per month long term care could wipe out your life savings. However, we often help clients […]
