by Michael Baker | Nov 5, 2020 | Elder Care, Estate Planning
It is natural for people to feel a greater sense of urgency as their parents advance in their senior years. The amount of time left to spend with them begins to feel as though it is constantly evaporating. Every new illness or medical issue starts to feel more and...
by Michael Baker | Oct 28, 2020 | Estate Planning
A Durable Power of Attorney is a legal document that allows you to choose an agent (or “attorney-in-fact”) who can act for you in certain financial matters. It is an important tool to add to your estate plan, regardless of your wealth and financial status. As with any...
by Michael Baker | Oct 19, 2020 | Asset Protection, Business Planning
Business Estate Plan One of the main purposes of estate planning is to help people avoid the probate process, which can be drawn out, expensive and potentially include challenges to the validity of a will. This is particularly important for business owners, who will...
by Michael Baker | Oct 9, 2020 | Beneficiary Designations, Estate Planning, Trusts
The SECURE Act (Setting Every Community Up for Retirement Enhancement) was signed into law by President Trump and went into effect on January 1, 2020. The legislation included some significant changes including distribution rules for inherited retirements plans....
by Michael Baker | Oct 1, 2020 | Medicaid / MassHealth
For some individuals, Medicaid will cover nursing home costs or expenses for an assisted living facility – both considered types of long-term care. You must meet financial and medical eligibility requirements. Generally speaking, financial eligibility imposes a limit...