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Your Power of Attorney May Leave You Powerless When It Matters Most
In New Jersey, if a particular power is not expressly granted in your power of attorney, your agent simply does not have it, and the consequences in a long- term care crisis can be severe. Most people assume that naming someone as their “power of attorney” or by saying their agent has the authority to act “generally” it means that the person named can handle anything on their behalf. It sounds absolute. It isn’t. Under New Jersey law, a power of attorney grants only the power
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Financial Tools for People with Disabilities in New Jersey: ABLE Accounts, Special Needs Trusts, and Supplemental Benefits Trusts
Planning for a person with disabilities often requires balancing two goals at the same time: preserving access to important public benefits and making sure the person has resources that can improve quality of life. The planning tools discussed here are designed for people with disabilities who have, or may later need, government benefits, as well as for family members who want to plan responsibly for a loved one’s future. Because many benefit programs apply income and resourc
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