News & Resources: Blog: Estate Planning

News & Resources: Estate Planning

Estate Planning

Crisis Management: It’s Not Too Late

At Scott Bloom Law, we are always encouraging families to plan ahead when it comes to the eldercare needs for their loved ones and themselves. However, we understand that when an unexpected crisis arises, immediate action is required. During these highly stressful times, the decisions made carry immense consequences for the elderly and their families. […]

Case Study: Life Care Planning

Joseph and Marie had been happily married for 52 years, raised a family, and were enjoying their retirement years when health issues began to surface. Marie was the first to exhibit health concerns and was diagnosed with dementia, leaving her unable to effectively communicate with Joseph and her three children. Shortly thereafter, Joseph began showing […]

Benefits of Hiring an Elder Law Attorney for Medicaid Planning

When an elderly loved one experiences a life-changing health episode, options for long-term care will be undoubtedly pricey. Applying for Medicaid benefits is most families’ first move when told by a doctor that their loved one will require long-term, full-time care. Unfortunately, too many people have not adequately prepared for these decisions and the experience […]

Different-Kinds-Of-Wills-Scott-Bloom-Law

I hear there are different kinds of wills, what are they?

Examples are: Living Will; Last Will and Testament; and the Pour-Over Will. A will is an essential part of your estate planning. Learn about the different kinds of Wills.

What is a Will?

A Will helps you prepare for the inevitable; it names your executor, beneficiaries and explains the disposition of your estate. It’s a critical part of your estate planning. Learn more: What is a WILL?

How do I get started with Estate Planning?

Estate Planning begins with a Will, Healthcare Proxy and a Power of Attorney. Contact the Law Office of Scott Bloom to schedule your free consultation, email us, or call 1-215-364-1111 or 1-855-992-6337 (Toll Free)

WHAT IS A POWER OF ATTORNEY?

WHAT IS A POWER OF ATTORNEY? Power of attorney is a legal document which is used to designate someone to act on your behalf in legal matters such as healthcare and finance. Power of attorney is also the authority to act on someone else’s behalf–it appoints an “attorney-in-fact;” the person with the power of attorney […]

WHAT IS MEDICAID PLANNING?

WHAT IS MEDICAID PLANNING? Medicaid planning is structuring your finances and assets to optimize your ability to pay for coverage of the future costs of long-term care, such as in-home or nursing care. Medicaid planning is similar to tax planning; we all want to look at our financial situation to minimize tax liability throughout our […]

WHAT ARE THE DIFFERENT KINDS OF WILLS?

LAST WILL AND TESTAMENT The Last Will and Testament is commonly known as a Will. The Will: defines the contents of your estate. names your executor, the person who will dissolve your estate after you die. names your beneficiaries, who will receive portions of your estate based upon your documented wishes. may also define who […]

ESTABLISHING YOUR WILL: STEP-BY-STEP

Your to-do list to establish your Will may sound like a lot of work. Steps don’t need to be rushed, be sure to cover all of the bases. ASSETS. MAKE A LIST. Think of this as an inventory of all of your “worldly goods;” these are things you want to pass on to others. For […]

CLIENT Testimonial

Our family had the good fortune to find Scott Bloom. He was invaluable helping us set up our trust. We had an unexpected health crises and realized that we had nothing in place to protect our children. Scott explained our options and got the necessary paperwork ready for us to hand to our family, accountant and banks. Scott was absolutely the right attorney at the right time for us. We would highly recommend him and his team.

- Tricia B., Hamilton, New Jersey