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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