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Peapack Private provides comprehensive financial, tax, fiduciary and investment advice to individuals, families, privately-held businesses, family offices, and not-for-profit organizations. We help our clients set and achieve their goals by developing solutions specifically designed and implemented for them.

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See what caught our eye this week and get our view on these topics.

This week the economic data centered around housing statistics with the release of existing home sales, housing starts and new home sales. On Wednesday, existing home sales came in close to expectations dropping 2.0% in August to 5.88 million units at an annual rate. This is the biggest monthly decline since April and housing price appreciation has cooled since a recent high in May.
Will my mother’s life insurance policy cause a Medicaid penalty?
What happens to Medicare premiums after I get a gift?

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