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 | 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 | Aug 20, 2019 | Asset Protection, Long-Term Care, Medicaid / MassHealth
Occasionally, we hear from clients or from others who have some objections to the idea of Medicaid planning in the context of paying for nursing home care. MassHealth is the Medicaid Program in Massachusetts. These objections are understandable to a degree—Medicaid...
by mbaker | Jul 24, 2019 | Asset Protection, Beneficiary Designations, Estate Planning
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...
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...