Caregivers often devote so much time and energy to caring for a loved one that they fail to take adequate care of themselves. This problem has become so prevalent that there is a term for it: caregiver burnout.If you serve as the caregiver in your family, you must understand and recognize the...
Continue reading…
Watch Out for these Online Scams Targeting Elders
According to the Federal Trade Commission, consumers lost more than $10 billion to fraud in 2023. Worse, elders are particularly vulnerable, especially to online scams. The FBI Internet Crime Complaint Center announced that Americans over the age of 60 were defrauded of approximately $3.4 billion in 2023, up 11% from 2022. It is...
Continue reading…
What You Need to Know About Medicare Advantage Plans
With Medicare open enrollment underway, I want to share my thoughts—and my concerns—about Medicare Advantage plans. As you will see, I do not think Medicare Advantage plans are inherently bad, but it’s important to do some research to determine whether it is the best option for you.Let’s begin with a definition. Medicare Advantage is...
Continue reading…
An Introduction to Probate in Massachusetts
Let’s begin with a definition: Probate, in general, is the process of validating a will (if there is one), identifying the decedent’s assets, and authorizing a personal representative to distribute these assets according to Massachusetts law. The process takes about a year, although in situations involving complex estates, family infighting, or disputes...
Continue reading…
How PACE Helps Elders Reside at Home for as Long as Possible
As most of you know, I am committed to helping elders live at home for as long as possible. My last two articles have focused on MassHealth programs that help elders accomplish this goal. You can find these articles here. Now I’d like to discuss another option: PACE (Program...
Continue reading…
Two More MassHealth Programs that Help Elders Avoid Moving to a Nursing Home
As you know by now, my goal is to help elders stay at home for as long as possible. For most people, their own financial resources are not enough, and we supplement those with MassHealth (or sometimes the VA). Under the MassHealth umbrella, there are several programs that can...
Continue reading…
How the Frail Elder Waiver Helps Elders Avoid Having to Move to a Nursing Home
As many of you know, I am dedicated to helping elders reside at home for as long as possible. The Frail Elder Waiver (FEW) is one of the MassHealth programs that helps seniors accomplish this.FEW provides support to eligible elders 60 years of age or older whose needs meet the level of...
Continue reading…
Why You Might Want to Consider a Corporate or Private Trustee
In my last article I discussed some of the factors to consider when choosing a trustee for your irrevocable trust. Now I’d like to elaborate on two options you might want to consider if you don’t know anyone you’d trust to fill this crucial role: a corporate trustee and a...
Continue reading…
Choosing a Trustee for Your Irrevocable Trust
As I discussed in a recent article, irrevocable trusts are highly effective tools for protecting assets from the cost of long-term care. That’s because assets in an irrevocable trust are not available to the grantor (the person whose assets are in the trust). Instead, the assets are controlled by...
Continue reading…
Mayday, Mayday, be on the Lookout: Incidents of Fraud have Risen Dramatically!
I recently came across an article from AARP about the rising number of scams and other forms of fraud being perpetrated nationwide. Here is a synopsis of this troubling article, along with a few links. Let’s begin with some numbers. According to the Federal Trade Commission, Americans reported losing a record $10 billion...
Continue reading…