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. These words are the foundation of estate planning.
When you execute wills, trusts, powers of attorney and health care documents, you are thinking of the future. The future might be tomorrow, or it might be years from now. The first step, therefore, is to THINK AHEAD. This is what you have done when you pick up the telephone or go to your computer and contact an attorney.
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. These words are the foundation of estate planning.
When you execute wills, trusts, powers of attorney and health care documents, you are thinking of the future. The future might be tomorrow, or it might be years from now. The first step, therefore, is to THINK AHEAD. This is what you have done when you pick up the telephone or go to your computer and contact an attorney.
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.
At the law offices of Rudolph & Bloodgood, LLC, our attorneys have more than 80 years of combined legal experience.
We know the law and take the time to make sure our clients understand what they need to know about the issues they bring to our firm.
They also appreciate the fact that we promptly return their phone calls and emails.
At the law offices of Rudolph & Bloodgood, LLC, our attorneys have more than 80 years of combined legal experience.
We know the law and take the time to make sure our clients understand what they need to know about the issues they bring to our firm.
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.
You want to know you have someone who can get the job done right.
And, you want someone who is accessible and approachable.
At Rudolph & Bloodgood, LLC in Riverdale, New Jersey, we offer our clients more than 50 years of experience.
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.
You want to know you have someone who can get the job done right.
And, you want someone who is accessible and approachable.
At Rudolph & Bloodgood, LLC in Riverdale, New Jersey, we offer our clients more than 50 years of experience.
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.
Elder law focuses on counseling clients about how to preserve their assets for as long as possible so they can live out their years comfortably and with dignity and hopefully leave a legacy for their loved ones.
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.
Elder law focuses on counseling clients about how to preserve their assets for as long as possible so they can live out their years comfortably and with dignity and hopefully leave a legacy for their loved ones.
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.
ACT NOW! Unfortunately, many couples do not think about the cost of long-term care until one of the spouses is about to enter a nursing home.
Couples who wait may find themselves in the unfortunate position of having to spend a lifetime of savings on nursing home care, often leaving the spouse who remains in the community with insufficient assets and income to live comfortably.
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.
ACT NOW! Unfortunately, many couples do not think about the cost of long-term care until one of the spouses is about to enter a nursing home.
Couples who wait may find themselves in the unfortunate position of having to spend a lifetime of savings on nursing home care, often leaving the spouse who remains in the community with insufficient assets and income to live comfortably.
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.
A judge might decide who will raise your children until they reach age 18.
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.
A judge might decide who will raise your children until they reach age 18.
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