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Baker Law Group P.C. – Estate PlanningBaker Law Group P.C. – Estate PlanningBaker Law Group P.C. – Estate PlanningBaker Law Group P.C. – Estate Planning
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Blog

senior woman and nurse practitioner sitting on a bed while the nurse takes the woman's blook pressure. Both are smiling and happy.

Common Myths and Misconceptions Regarding Long-Term Care Coverage from Medicaid, MassHealth and Medicare 

By mbaker | Long-Term Care, MassHealth, Medicaid Benefits | August 12, 2019 | 0

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, including who qualifies and exactly what it covers. However, there are a lotRead more

What Happens if You Die Without a Will?

By mbaker | Asset Protection, Estate Planning, Writing a Will | August 6, 2019 | 0

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 intestate succession vary depending on whether you were marriedRead more

Mature man and woman with grandchild sitting on the couch playing

Tips for Protecting Your Home After You’ve Moved Into a Nursing Home

By mbaker | Asset Protection, Elder Care, Long-Term Care, Medicaid Benefits | July 29, 2019 | 0

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 attempt to file a claim againstRead more

man in blue shirt sitting on a park bench helping his toddler son who is sitting in his lap

Beneficiary Designations: An Important Part of Estate Planning and Avoiding Probate

By mbaker | Asset Protection, Beneficiary Designations, Estate Planning | July 24, 2019 | 0

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 payable on death accounts will all ask you to name a beneficiary. Beneficiary designations are independentRead more

What Do I Need to Know About Writing a Will?

By mbaker | Asset Protection, Estate Planning, Financial Management, Writing a Will | July 15, 2019 | 0

Writing a will is one of the most critical ways you can protect your loved ones and your assets after you pass away. Sure, there aren’t many people who enjoy spending time thinking about their eventual death and how it will affect those closest to them, but these difficult conversations and brainstorming sessions are necessaryRead more

two people at a table reviewing documents, only hands showing, with paper, pen, and calculator

The Benefits of Naming a Professional Trustee

By mbaker | Asset Protection, Estate Planning, Financial Management | July 9, 2019 | 0

If you have a trust as part of your estate plan, it’s likely you’ve named yourself as the current trustee and your spouse or partner to be a co-trustee. If you die or become unable to manage your own affairs, your spouse would then step in for you to serve as your successor. But whatRead more

Mature man and woman meeting with doctor, looking over documents with an open computer laptop nearby

What Exactly is Meant by “Spending Down” Assets for Medicaid or MassHealth?

By mbaker | Elder Care, Financial Management, MassHealth, Retirement Planning | July 1, 2019 | 0

To be able to pay for certain types of medical care with Medicaid known as MassHealth in Massachusetts, you must first qualify to receive Medicaid assistance. Medicaid is typically reserved for people who have low monthly incomes and/or few available assets to pay for their medical care. There are some people who have too muchRead more

What to Look For in an Estate Planning Attorney

By mbaker | Asset Protection, Estate Planning | June 25, 2019 | 0

Whether you consider your estate basic, simple, complex, small or large, an estate planning attorney is someone who is dedicated to mentoring clients on how they can properly organize their estate and affairs to prepare for the eventuality of their death or potential disability. No matter the size or complexity, the tasks associated with estateRead more

Your Options for Paying for Nursing Home Care

By mbaker | Estate Planning, Long-Term Care, Retirement Planning | June 20, 2019 | 0

If you’ve spent any amount of time investigating the possibility of nursing home care for yourself or a loved one, then you know just how expensive it can be. Fortunately, there are many ways to get assistance with paying the costs of nursing home care. Here is a quick overview of the most common waysRead more

estate planning

What to Consider When Including Funeral Wishes in an Estate Plan

By mbaker | Asset Protection, Estate Planning, Financial Management | June 13, 2019 | 0

While organizing your own funeral might not exactly be a task you take on with great enthusiasm, it is something you can do to help remove some of the burden from your loved ones in the immediate aftermath of your eventual passing. Your loved ones will already have plenty of other decisions to make andRead more

massshealth

How to Apply for MassHealth

By mbaker | Elder Care, Long-Term Care, MassHealth | June 6, 2019 | 0

If you are at least 65 years old or are in need of long-term care services, you may apply for MassHealth, Massachusetts’ Medicaid program. There are three ways of applying for the program: Applying by mail To complete the application by mail, print out the Application for Health Coverage for Seniors and people Needing Long-TermRead more

medicaid planning

The Most Prevalent Medicaid Planning Mistakes for MassHealth Nursing Home Benefits

By mbaker | Elder Care, Medicaid Benefits | May 29, 2019 | 0

Medicaid planning is an important part of estate planning for many people. Without the proper professional advice, there is the potential to make some mistakes that could cost you and your family quite a bit of money. Medicaid rules change frequently, so it’s important to work with an experienced elder law attorney who can helpRead more

elder abuse

Tips to Help You Spot and Confront Elder Abuse

By mbaker | Elder Care | May 22, 2019 | 0

It is an unfortunate reality that many seniors will become victims of elder abuse, and that these incidents of elder abuse add more than $5 billion per year to healthcare expenses in the United States. One report from the National Center on Elder Abuse estimated seniors lose $3 billion due to financial abuse per year.Read more

nursing home

Your Responsibility to Pay Nursing Home Bills on Behalf of a Parent

By mbaker | Elder Care | May 15, 2019 | 1

Many states have laws in place that make adult children responsible for paying for their parents’ medical care in certain circumstances. While these laws are not always (or even frequently) enforced, it is still worth understanding them to determine if you have any responsibility to pay nursing home bills on behalf of your elderly parents.Read more

medicaid

What You Need to Know About MassHealth and the Medicaid Penalty Period

By mbaker | Elder Care, MassHealth, Medicaid Benefits | May 8, 2019 | 1

As you may know, any gifts or assets you transfer within 60 months of applying for Medicaid benefits are subject to penalties. This 60-month or 5 year timeframe is what’s called the “look back” period. These penalties are not calculated in a dollar figure, but rather a set of additional months in which you willRead more

retirement planning IRA

Tips for Retirement Planning with an IRA

By mbaker | Financial Management, Retirement Planning | May 1, 2019 | 0

As the saying goes, the best time to start saving for your retirement is in your early 20s, but the second-best time is right now. If you’re looking to begin saving for your retirement, starting an IRA is a solid way to begin your planning. However, the prospect of opening up an IRA can seemRead more

An Overview of What You Should Know About Medicaid

By mbaker | Elder Care, Medicaid Benefits | April 25, 2019 | 0

Medicaid is a federal healthcare program that offers free or low-cost healthcare to qualifying adults and children with low incomes. The program is federally and state-funded, and each state has control over its own Medicaid program — for example MassHealth in Massachusetts. While the eligibility rules for Medicaid vary from state to state, there areRead more

3 generations of men, grandfather-father-son, sitting and enjoying each others company

Talk to Your Senior Relatives About These Common Financial Scams

By mbaker | Asset Protection, Elder Care, Financial Management | January 10, 2019 | 0

Financial scams targeting senior citizens have become unfortunately common, because they target a vulnerable population that tends to have more money in their bank accounts. These scams often go unreported and can be very difficult to prosecute, which makes them especially devastating to their victims. Therefore, it is important that victims are aware of someRead more

Survey Reveals Costs of Private Nursing Home Rooms Hit Expensive Milestone

By mbaker | Elder Care, Long-Term Care | January 2, 2019 | 0

Every year, Genworth conducts a Cost of Care survey that pinpoints the median cost of private nursing home rooms in the United States. This year’s survey results were released at the end of October, and indicated a three percent increase in the median cost of a private nursing home from 2017. Now, that figure isRead more

What You Should Know About Purchasing Long-Term Care Insurance

By mbaker | Long-Term Care | November 21, 2018 | 0

As part of your estate planning, you must consider how you will arrange for your medical care and other needs if you are no longer able to take care of yourself. Many elderly Americans will enter long-term care facilities at some point in their lives, but only about 13 percent of all Americans in theseRead more

What are the Rules for Transferring Assets to Qualify for Medicaid/MassHealth?

By mbaker | MassHealth, Transferred Assets | November 8, 2018 | 0

Medicaid known as MassHealth in Massachusetts is made available to low-income families and seniors to provide them with healthcare coverage and coverage for long-term nursing home care. However, not everyone qualifies for Medicaid. If you are getting close to the point where living in a nursing home could be a legitimate possibility, you must startRead more

Grandmother in kitchen wearing red apron and rolling out a pie crust, smiling, while being hugged by her daughter who also has apron and smile

Tips for Helping Seniors Manage Their Finances

By mbaker | Elder Care, Financial Management | October 31, 2018 | 0

At some point, your elderly relatives might reach a point at which they are incapable of keeping up with their financial matters, including paying their bills, managing their retirement income and Social Security and budgeting their expenses. If you decide to take on the responsibility of assisting them in these matters, it’s important you approachRead more

senior woman in a wheel chair with a nurse behind her, both happy and smiling

What to Know About Elder Abuse in Nursing Homes

By mbaker | Elder Care | October 19, 2018 | 0

It is with unfortunate frequency that we see stories in the news about seniors being abused or neglected in the nursing homes that are supposed to keep them safe and happy. This abuse can range from stealing money and emotional manipulation to actual physical abuse and neglect. If you have an elderly parent in aRead more

Aretha Franklin’s Death Highlights Importance of Creating an Estate Plan

By mbaker | Asset Protection, Estate Planning | September 20, 2018 | 0

Aretha Franklin, the legendary Queen of Soul known for songs such as “I Will Survive” and “Respect,” left behind a tremendous musical legacy when she passed away in August that will never be forgotten or diminished. Unfortunately, she didn’t leave behind any estate plans, which has resulted in a bit of a mess for herRead more

Happy parents each holding a toddler

What Does An Effective Asset Protection Plan Look Like?

By mbaker | Asset Protection | September 12, 2018 | 0

If you’re at the point in your life where you’re focused on asset protection, you’ve likely spent years building up your wealth to get to this point. In working with an estate planning attorney, you will be able to develop an asset protection plan that shields your wealth from unforeseen circumstances, such as a lawsuitRead more

How to Establish a Sensible Succession Plan for Your Business

By mbaker | Estate Planning | September 5, 2018 | 0

As more people across the United States return to focusing on shopping local rather than giving all their money to major businesses and corporations, it’s become correspondingly more important for owners of these small businesses to develop succession plans that will allow their business to stay in operation long after they’re gone. Of course, thereRead more

Grandparents standing on a dock with water behind them, holding 2 grandchildren

What to Include in Your Advance Directives

By mbaker | Healthcare Proxy, Living Trust, MassHealth | July 18, 2018 | 0

An Advance Directive allows you to dictate the kinds of treatments you do and do not want at the end of your life. It comprises documents such as a health care proxy (or health care power of attorney) and living will. As you prepare your estate plan, you might wonder exactly what you should includeRead more

How to Choose a Structure for Your Business

By mbaker | Business Structure | June 26, 2018 | 0

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

The Benefits of a Living Trust

By mbaker | Living Trust, Transferred Assets | May 2, 2018 | 0

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

Keeping Your Anonymity if You Win the Massachusetts Lottery

By mbaker | Keeping Your Anonymity | March 30, 2018 | 0

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

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  • Home
  • Practice Areas
    • Estate Planning
      • Overview
      • Estate Planning Attorneys
      • High Net Worth Estates
      • Asset Protection
      • Durable Powers of Attorney
      • Homestead Declaration
      • Trust Types Explained
      • Retirement Accounts
      • Healthcare Proxy / Medical Directive
      • Living Wills
    • Elder Law
      • Overview
      • Asset Protection and Elder Law
      • Life Estate Deed
      • Masshealth / Medicaid
      • Long-Term Care / Nursing Home
      • VA Benefits
      • FAQS for Elder Law (MA)
      • Elder Law Attorneys
    • Trust, Will & Estate Administration
      • Overview
      • Estate Administration Wrongful Death
      • Federal Estate Tax
      • Probate Attorneys FAQ
    • Guardianship and Conservator
      • Guardianship Attorney
    • Premarital Agreements
    • Business Planning
      • Selecting a Business Structure
      • Business Asset Protection
      • Limited Liability Company (LLC)
    • Massachusetts Lottery Trusts
  • Baker Law Group
    • About Us
    • Attorney Profiles
  • Client Reviews
  • Blog
  • Media
  • Contact Us
  • 781-996-5656
Baker Law Group P.C. – Estate Planning