Elder Law / Medicaid Planning New Jersey

On February 8, 2006, President Bush signed the Deficit Reduction Act. This Act severely impacts our ability to plan for the preservation of assets for the elderly and their heirs. Some of the areas of concern are:

• What is the current "Look Back" period?
• How is the penalty period computed?
• Are annuities exempt or not?
• How is the primary residence to be handled?
• How are joint assets affected?

We can assist you in answering these questions by exploring the various opportunities and vehicles which are best suited for you. If you need answers to any of these questions, or simply need more information, please call us at (800) 267-5033 or email us at ken@rampandpisani.com.