by Michael Baker | Jan 6, 2020 | Asset Protection, Elder Care, Medicaid / MassHealth
The average cost of a nursing home ranges from $50,000 per year up to $92,000 per year (for a private room), which is simply out of reach for many older Americans. In Massachusetts the number can exceed $150,000 annually. That can deplete your resources quickly, and...
by Michael Baker | Dec 27, 2019 | Asset Protection, Estate Planning, Retirement Planning
The best New Year’s resolution for 2020 may be to protect your family and loved ones by reviewing your estate plan. Being prepared for the unexpected can help everyone during a time of stress and emotion. The below checklist can get you started. Baker Law Group can...
by mbaker | Sep 4, 2019 | Asset Protection, Estate Planning, Living Trust
Living trusts are a critical part of many people’s estate plans. Like wills, they are a method of transferring assets to your beneficiaries after your passing. However, they have many benefits that wills do not, which is why estate planners often urge clients to set...
by mbaker | Jul 15, 2019 | Asset Protection, Estate Planning, Financial Management, Writing a Will
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...
by mbaker | Jul 1, 2019 | Elder Care, Financial Management, Medicaid / MassHealth, Retirement Planning
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...