by mbaker | Aug 28, 2019 | Asset Protection, Estate Planning
One question we commonly receive from clients is whether or not estate planning is really necessary in their situation if they do not have any children. This is a well-meaning question, but it shows a general misunderstanding of what exactly estate planning is and why...
by mbaker | Jul 9, 2019 | Asset Protection, Estate Planning, Financial Management
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...
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...
by mbaker | Jun 13, 2019 | Asset Protection, Estate Planning, Financial Management
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...
by mbaker | May 1, 2019 | Financial Management, Retirement Planning
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...