by mbaker | Aug 20, 2019 | Asset Protection, Long-Term Care, Medicaid / MassHealth
Occasionally, we hear from clients or from others who have some objections to the idea of Medicaid planning in the context of paying for nursing home care. MassHealth is the Medicaid Program in Massachusetts. These objections are understandable to a degree—Medicaid...
by mbaker | Aug 12, 2019 | Long-Term Care, Medicaid / MassHealth
Medicaid is the single-largest source for funding nursing home care that exists in the United States. In Massachusetts, the Medicaid program is called MassHealth. With as prevalent as it is, one would think the general population would be more knowledgeable about it,...
by mbaker | Aug 6, 2019 | Asset Protection, Estate Planning, Writing a Will
One of the questions we commonly receive from estate planning clients is what would happen to their assets if they passed away without a will. Most simply put, the state’s intestacy laws would dictate how your assets are passed out to surviving relatives. The laws of...
by mbaker | Jul 29, 2019 | Elder Care, Long-Term Care, Medicaid / MassHealth
While you might need to “spend down” some of your assets to qualify for Medicaid or MassHealth in Massachusetts. To pay for your nursing home care, you typically will not have to sell your house as part of this process. However, there is still a chance the state will...
by mbaker | Jul 24, 2019 | Asset Protection, Beneficiary Designations, Estate Planning
As you go through the process of planning your estate, you will need to designate beneficiaries for certain types of assets, including some insurance policies and accounts. For example, certain retirement plans (IRAs, 401(k)s, etc.), life insurance policies and...
