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What is Probate? “Probate” is the name of the process which permits an Executor to transfer assets as directed by a deceased person, or decedent, in his or her Last Will and Testament to recipients, or beneficiaries, according to the terms of the Will. The...
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THE MULTIPLE-PARTY DEPOSIT ACCOUNT ACT Bank accounts are often established in the name of more than one party. Questions may arise regarding the rights of ownership of these accounts, during the lifetime of the owners or after an owner’s death. In New Jersey, joint accounts...
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A Medicaid applicant who made payments to her daughter for more than four years and claimed those payments were made to cover the cost of monthly payments for her mentally ill daughter’s rent could not prove the payments were made for a purpose other than...
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A federal district court in New Jersey holds that an annuity purchased by the spouse of a Medicaid applicant with the couple’s countable resources which exceeded the resource limit under Medicaid is not a transfer for less than fair market value for purposes of Medicaid...
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Senate Bill 748, entitled the “Veterans Pension Protection Act,” was introduced on April 17, 2013. The bill directs the Department of Veterans Affairs (VA) to consider the resources of individuals applying for VA pension that were disposed of for less than fair market value when...
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