In Massachusetts, we often refer to Medicaid as MassHealth. MassHealth pays for the health care for Massachusetts residents who have limited income and resources. Our
So, what happens if someone doesn’t have an incapacity plan in place but becomes unable to make decisions for themself? You’ve probably heard that comedian
Sometimes an older adult puts their adult child on their bank account. The rationale for this is that the adult child can assist the parent
We previously wrote an article about the Massachusetts estate tax exemption increasing from $1M (million) to $2M for people dying on or after January 1,
When a Massachusetts resident dies, the Massachusetts estate tax may come into play on that person’s estate. It’s basically a transfer tax on the entire
One part of creating an estate plan is to determine who will receive your assets when you pass away. A beneficiary is a person, charity,
As soon as a person is diagnosed with dementia, they should do their estate planning if they haven’t done it already. It’s important to make
Ok, this probably seems like an odd question to most people. Who wouldn’t want to accept an inheritance? Wouldn’t adding value to the assets you
If you’re thinking about giving a significant gift to your adult child or even a complete stranger, there’s some information you should know first. According
Recently, there’s been news about how a new IRS ruling (Revenue Ruling 2023-2) in March 2023 affects the step-up in basis for certain irrevocable trusts.
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