Typically, retirement plans require that you designate a beneficiary who will receive the asset when you pass. Such assets are considered ‘non-probate’ assets because they
It’s almost Thanksgiving time—time to get together with those you hold dear and remember all the blessing that you and your family have been given. This year, as you sit
A supplemental needs trust (also known as a “special needs” or “(d)(4)(a)” trust) allows a disabled beneficiary to receive gifts, lawsuit settlements, or other funds
Did you know that long-term care costs in Massachusetts can reach over $10,000…per month! That’s over $120,000 per year. Not many people, especially in these tough economic times, can afford
In helping people plan for a MassHealth (Medicaid) application, I encounter many different financial entanglements that must be overcome prior to achieving eligibility for my clients. One particular obstacle has
Applying for long-term care benefits through MassHealth can be a complicated process in part because of the many rules governing how different assets are considered in determining eligibility. As I
In 2005, the Federal Government passed the Deficit Reduction Act (DRA), which included changes to the MassHealth eligibility rules that greatly affect the way Massachusetts seniors can handle their finances
Recently, a client came to me seeking emergency MassHealth planning assistance after her father’s health rapidly declined and he was admitted to a long-term care
In the world of estate planning, planning ahead is the name of the game because you just never know when you will need your estate plan to start working for
In the world of estate planning, planning ahead is the name of the game because you just never know when you will need your estate plan to start working for
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