If you are helping an older parent or other elderly family member make decisions about their care, it’s very likely that they want to remain as independent as possible for as long as possible. Advantages of Aging in Place This is known as aging in place and means thinking carefully about whether or not leaving… Read More »
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Elements That Every Young Adult Needs In Their Estate Plan
Estate planning is a vital process that every individual should undergo, regardless of their age or financial status. It’s a common misconception among young adults that they don’t need to worry about estate planning until they’re older or have acquired substantial assets. However, the truth is that everyone needs an estate plan, including young adults…. Read More »
What To Do If You Cannot Afford Out of Pocket Services for A Special Needs Child?
A special needs child will eventually grow up, but may still rely on important government programs and other forms of assistance to survive and thrive. Someone who has severe impairments may incur significant costs for health care, upwards of $100,000 per year. Understanding Special Needs Trusts Depending on the level of a person’s impairment, many… Read More »
How Might The State Estate Tax In Massachusetts Impact You?
Planning ahead for the future of your estate is important as it relates to your own retirement as well as what you hope to leave behind to your loved ones. When a state also assigns a state-level estate tax to your situation, you might need to make adjustments or consider advanced strategies to accomplish your… Read More »
When Do Health Care Estate Planning Documents Take Effect?
It can be important to document what kinds of care you want to receive and who is eligible to make decisions on your behalf if you are unable to do so. Your health care documents can take effect if your doctor determines that you lack the capacity to make your own health care decisions. Working… Read More »
Why Do I Need a Durable Power of Attorney?
You may have heard of many different kinds of estate planning tools that can all be used to help you accomplish your goals. One of these is known as a durable power of attorney. A durable power of attorney can be extremely helpful in situations in which you are not able to do things on… Read More »
When Will Medicaid in Massachusetts Pay for My Stay In A Nursing Home?
Most people don’t expect to end up in a nursing home for care, and this can cause confusion when trying to get payment set up for a loved one. Medicaid in Massachusetts is a possibility for your payment, but you must know how the application process works. MassHealth as a Payment Source for Nursing Home… Read More »
What You Need to Know About A Massachusetts Durable Power Of Attorney
Naming someone else to make decisions on your behalf and take actions for you if you are unable to do so is a leading reason to create a power of attorney. A power of attorney document can help you to cover all of your bases if you become incapacitated and can no longer take these… Read More »
What to Know About Vascular Dementia in a Loved One
Vascular dementia symptoms are most easy to identify when they occur immediately following a stroke. When someone’s cognitive decline is severe enough that it could impair them from understanding the impacts of their decisions, they may no longer be able to sign important legal documents, such as a power of attorney. What is Vascular Dementia?… Read More »
Are You Sure Your Estate Plan Is Customized For Special Needs Beneficiaries?
Taking care of someone with special needs is complicated while you’re still alive, but it becomes much more difficult if you don’t have a documented plan for what happens to this beneficiary if something happens to you. Understanding Special Needs Trusts Estate planning should always be customized to individuals and their intended heirs and beneficiaries…. Read More »