Many of my clients think that once they put an estate plan together, they can put the documents in the safe and throw away the key. They feel reassured that their future is properly planned and they can stop worrying. Well, this is a big mistake. It’s a big mistake because as time goes by, [...]
When clients come in looking for estate planning help, they typically come in asking for a will. However, they often don’t realize that any good estate plan should also include at least a healthcare proxy and durable power of attorney. Depending on the client’s situation, a revocable living trust is also a very good tool [...]
As clients age, they, and often times their adult children, inquire into what housing options are available in Boston and the surrounding areas other than a nursing home. Most would like to “age in place”, however with their increasing personal care and health support increasing, this isn’t always an option. I’ve put together the following [...]
If you or your spouse needs to qualify for Medicaid (MassHealth) in order to pay for a Boston or surrounding area nursing home, utilizing an annuity to help you qualify may be a good option. In order to qualify, Medicaid only allows an individual to own up to $2,000. However, if your husband is entering [...]
Recently, a client came to me asking for an estate plan. She wanted to make sure her assets, including her home, were properly passed onto her children when she passed away. We began speaking about her assets and how she would like them divided when she told me she was recently divorced. Prior to her [...]
It Won’t: An Overview of Medicare and its Misconceptions (Part 4) In this fourth and final installment outlining the basics of Medicare, we are discussing Medicare Part D. As you recall from our last post, Medicare is a federally funded health insurance coverage program for individuals over the age of 65 or individuals who are permanently disabled. [...]
