For most people starting a business, their main focus is simply getting their idea off the ground by any means possible. Along the way they’ll incorporate and eventually, they’ll have a business that’s up and running smoothly (hopefully). What they don’t realize, however, is that choosing the right business structure during incorporation can have aRead more
Get Your Assets To Your Loved Ones Safely With A Living Trust The living trust is one of the most popular estate planning tools among Americans. An estimated 20 percent of all Americans have living trusts as part of their estate plans. But what exactly does a living trust do, and what types ofRead more
Use a Massachusetts Lottery Lawyer to Create a Lottery Trust One of the most frequent pieces of advice new lottery winners get from attorneys and other previous winners is to try as hard as possible to keep your anonymity. If your name gets out, there’s a strong chance you could find yourself quickly harassed withRead more
April 15th or technically April 17th due to the Patriots Day holiday is approaching and you may be considering making an Individual Retirement Account contribution for 2017 or 2018. IRAs offer a wide array of tax planning opportunities. Suppose that your spouse at her death has an IRA and you are the named beneficiary, butRead more
How Medicaid (MassHealth) Uses This Tool to Determine Whether You Have Enough Income When determining whether you qualify for Medicaid, known as MassHealth in Massachusetts, while there are limits on the assets a “community spouse” can keep, eligibility tests do not generally include the income of the community spouse. Under the worst case scenario, basedRead more
The Tools Available to Medicaid to Recover Benefits Paid after Your Death If you receive benefits from Medicaid, known as MassHealth in Massachusetts, during your lifetime, Medicaid may attempt to recover those benefits from your estate, though nothing can be taken until the death of your spouse, provided you were married at the time ofRead more
When determining whether you qualify for benefits through Medicaid, known as MassHealth in Massachusetts, to cover medical expenses, your local Medicaid agency will carefully evaluate your income and the property that you own. When you apply for Medicaid, any gifts or transfers of assets made within the previous five years (60 months) of the dateRead more
