Special needs trusts are designed to provide funds to improve the quality of life for a disabled person while still protecting his or her eligibility for public benefits such as MassHealth and Supplemental Security Income (SSI). Funds in a special needs trust can be used for a wide range of goods and...
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ADUs and the Estate Planning Attorney
How to Live with Your Kids While Protecting Them & Yourself from Taxes and Other Unpleasantness
Please join us to explore the legal and practical considerations of creating and sharing an Accessory Dwelling Unit [ADU] with loved ones. We will discuss what to do about utility costs and fair...
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Impact of the One Big Beautiful Bill Act on Medicaid Support for In-Home and Nursing Home Care
The Big, Beautiful Bill was signed into law on the Fourth of July. The bill’s “beauty” is open to debate, but it is clearly big, both in size (over 800 pages) and scope. In this article I will focus on how the new law’s Medicaid cuts may affect in-home and nursing home...
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Join Us for an Evening of Q&A on Aging in Place
***To RSVP, see the yellow highlight below.***
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...
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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...
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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...
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Why Would Someone Want an “Irrevocable” Trust?
An irrevocable trust can’t be modified or terminated except under certain very limited circumstances. This type of trust requires the grantor (the person for whom the trust is created) to transfer assets into the trust and give up his or her rights of ownership to those assets. So why would anyone want...
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What’s So Special About a Special Needs Trust?
If you have a child with special needs, you’re undoubtedly concerned about how your loved one will be cared for when you are no longer able to provide adequate care yourself. A special needs trust may provide an answer… and some much-needed peace of mind.A special needs trust allows you to provide...
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Home for the Holidays Part II: Planning Strategies to Pay for In-Home Long-Term Care
Last time I discussed MassHealth programs that can help elders who need long-term care live at home for as long as possible. Now I’d like to describe some other long-term care planning strategies that can make home care affordable for elders and their loved ones. I’ll also provide links to past articles...
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