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June 2016 Archives

The importance of powers of attorney for elderly relatives

New Jersey residents may believe that the benefits of estate planning only really become apparent when a loved one passes away, but documents like powers of attorney and health care directives can be crucially important if a family member is left incapacitated by an illness or injury. Many families learn this lesson the hard way when elderly relatives are stricken with conditions like Alzheimer's disease and are no longer able to make decisions for themselves.

Creating a special needs trust

New Jersey residents who are creating an estate plan may want to consider setting up a special needs trust for a disabled child who will need care. With a properly-created and administered special needs trust, eligibility for certain government benefits such as Medicaid and SSI remains unaffected. The trust can pay for many things that are not covered by those benefits including enrichment activities, glasses, caregivers, haircuts and visits to family members.

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Lanza & Lanza LLP
5 Main Street
Flemington, NJ 08822

Phone: 908-905-0183
Fax: 908-782-4012
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