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Florham Park ~ Sparta ~ Paramus ~ New York City
Phone: 973-539-1000
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From the Desk of Renata A. Mizak, Esq.
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Renata A. Mizak, Esq.
Certified Elder Law Attorney
Email: RMizak@spsk.com
Direct Line: 973-295-3680
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Wishing You a Joyful Holiday Season and a Prosperous New Year!
As we wrap up another year, I want to take a moment to thank you for trusting me with your estate and elder law planning needs. The holiday season is a time for reflection, gratitude, and looking ahead—and what better way to start the new year than with peace of mind?
If you have not yet finalized your estate plan or need to update it, now is the perfect time to set your goals for the year ahead. Life changes—whether big or small—can impact your plan, and ensuring everything is current will protect you and your loved ones.
Consider these questions as you set your New Year’s goals:
- Do your documents reflect your current wishes and family circumstances?
- Have you funded your Revocable Living Trust?
- Did you discuss your estate plan with your financial advisors or professionals?
- Have you reviewed and updated your beneficiary designations?
- Are your plans aligned with your long-term care and financial goals?
Taking these steps now can make all the difference later. If you would like any assistance, my team and I are here to help.
On behalf of everyone here at Schenck Price Smith & King, we wish you all a season filled with joy, health, and peace.
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Our Trusts & Estates team was thrilled to welcome Tiffany Addo, Esq., earlier this year. Tiffany brings exceptional dedication to her work - especially in estate planning, elder law, and estate and trust administration - and has demonstrated incredible insight, empathy, and understanding with our clients.
And Tiffany also happens to be a published author! Her debut novel, The Red Eye to Paris, was released under a literary pseudonym, Tiffany Akita Domorad, allowing her to explore a new creative identity separate from her professional work. Her debut novel is a meticulously crafted thriller that has already captivated readers, and has earned rave reviews from our colleagues here at Schenck Price - many of whom are asking when her next book will be released! As the holiday season approaches, consider this exciting book as a perfect gift idea for any reader.
Learn more about Tiffany's background and professional focus by visiting her bio: https://www.spsk.com/tiffany-addo.
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Affordability, Elder Financial Abuse, and Estate Planning
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The 'affordability crisis' is fueling a surge in financial elder abuse, including 'inheritance impatience' and 'inheritance preservation' schemes. Pushed to their financial limits, adult children are asking parents to hand over their wealth early, or to stop spending it.
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Protecting Loved Ones From Funeral Debt
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As the median cost of a funeral in the United States, including viewing and burial, reaches more than $8,000, new findings reveal that one in three Americans are taking on debt to cover a loved one's funeral expenses.
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Probate Law: A Look Across States
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Trusts are a common tool for bypassing probate, but states offer other options as well. These vary widely, underscoring the importance of understanding local laws if probate avoidance is a priority.
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Should You Pay Off Debts Before Making a Will or Trust?
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Learn whether it is practical to pay off debt before creating a will or trust. Understand how debt affects inheritance, probate, and your family’s financial security.
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The Role of AI in Fall Prevention Among Older Adults
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Emerging technologies can now monitor older adults to reduce and respond to falls. However, this enhanced monitoring comes with privacy concerns.
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High Earners Over Age 50 Will Lose a 401(k) Tax Break
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If you're 50 or older and in a high-income bracket, a new rule means that a familiar tax deduction for extra catch‐up contributions to your 401(k) may vanish and you'll be required to make those extra contributions to an after-tax Roth account.
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How to Prevent Long-Term Care Insurance Claim Denials
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Understanding why long-term care insurance denials happen and how to avoid them can save families significant stress and expense.
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How Higher Medicare Costs Will Affect Older Adults in 2026
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The Centers for Medicare & Medicaid Services (CMS) has announced the Medicare premiums and deductibles for 2026.
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Florham Park: 220 Park Avenue, Florham Park, New Jersey 07932
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Sparta: 351 Sparta Avenue, Sparta, New Jersey 07871
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Paramus: 115 West Century Road, Suite 100, Paramus, New Jersey 07652
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