"My aunt is 80 years old and a widow. She’s in good health and lives alone. My cousin and I are very close to her, but I live in North Carolina and my cousin in California. That makes it hard for us to help her as much as we would like to. She wanted to do some estate planning and asked us to help her find an elder law attorney. I did some homework and research and after many inquires, found Mr. Niemann. He came recommended to me by several sources. Mr. Niemann was the perfect match for my aunt. He demonstrated a kindness and sensitivity that made us feel welcomed and comfortable. He met with us right away and was caring and patient with my aunt and answered all of our questions. He even called my aunt to make sure she was following up on his advice. Mr. Niemann offered us ideas and solutions we hadn’t even thought of. We very much appreciated that. My aunt truly values having Mr. Niemann as her attorney. So do I."
—Robert Newell, Raleigh, NC
Estate planning is the process by which a plan is developed and documents prepared to conserve, protect and distribute estate assets before and after someone’s death for the benefit of loved ones and charities. In its simplest form, it is known as asset protection planning. Such an estate plan takes into consideration the effect of state and federal tax and administrative laws and regulations. It will also consider the use of these assets for your own care if you become unable to manage your financial and medical affairs at some point during your life.
We work with our clients to determine the value of their lifetime estate, including homes, liquid assets such as a savings or investment account and vehicles, and advise how to protect those assets. An effective plan is designed to ensure the financial security of those you love. If you do not plan for what happens to your estate upon your death, the government may decide how your estate is distributed.
Our elder law/estate planning attorneys can simplify the process for you. Estate Planning is important in two ways: It can save your estate from excessive taxation and avoid health care impoverishment by accessing public and private benefit programs. Planning will also directly and positively benefit you and your loved ones. You should consider contacting an elder law/estate planning attorney who can work with you if you can answer yes to any of the following questions:
Visit our New Jersey Estate Planning Law website!
More information can also be found at the Estate Planning Legal Advice page!
The knowledge and experience of an elder law and estate planning lawyer is especially helpful considering that many of the New Jersey estate planning techniques boil down to one concept - the elderly should not die with a large taxable estate. This implies that the assets are either spent or given away. An attorney may be able to help you preserve your assets without losing all control. An attorney will aim to maximize tax savings, protect your assets and qualify you for private and public benefits if your health deteriorates.
Estate planning is not something that should be done alone. Elder law and estate planning attorneys are knowledgeable in New Jersey estate and elder law and will work to make sure that your estate will receive all of the benefits it is entitled to throughout all upcoming phases in your life.
Sound tax and estate planning and asset protection strategies may entitle you to benefits. An estate plan should aim to protect your assets against catastrophic illness. By combining estate planning with asset protection plans and trusts, you may be able to protect the rights of yourself and your spouse to receive care when necessary, while maintaining an inheritance to pass on to your family. We have worked with clients in all aspects of elder care, asset protection and tax reduction law. Call us today. Don't wait until it's too late to plan for the future.
To speak with an attorney, please call Fredrick P. Niemann at 888-800-7442 or email him at info@njelderlawcenter.com to set up a consultation at your convenience.