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Q. I have a question about what constitutes the hard limit of $100,000 of income for the retiree pension exclusion. If my wife and I have a combined income of $120,000 before deductions, but can legitimately deduct $28,000 due to large medical bills and health insurance premiums paid out of […]
Q. When Medicaid looks at assets, is a life insurance policy considered an asset? A. You must meet certain financial requirements in order to qualify for Medicaid. Life insurance is one of those assets that people often fail to realize needs to be part of the calculation, said Gary R. […]
Outgoing New Jersey governor Chris Christie recently reappointed Einhorn Barbarito Partner, Gary R. Botwinick to the New Jersey-Israel Commission for a two-year term that will end on Feb. 1, 2019. The New Jersey-Israel Commission was established in 1989 to implement the goals of the “Sister State Agreement”: to promote the […]
Q. When my father died, he owned six EE savings bonds that were POD to me. Can I hold them to maturity or must I cash them now? A. Generally speaking, a payable-on-death “POD” account is a special type of account recognized under the law which provides that any assets […]
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