On May 30 the Massachusetts Supreme Judicial Court published their decision on Daley v. Secretary of the Executive Office of Health and Human Services. The case focused on two common estate planning techniques that elders can use to protect their homes from long-term care expenses. The decision actually applied to two combined cases, the Nadeau
Let’s face it: most people are averse to life insurance. For permanent policies, the premiums are high, and the payouts typically don’t happen until you die. Couple that with the fact that many life insurance agents are overly aggressive, promising that life insurance will bring peace to the Middle East. Still, I’ve noticed a few
If you listen to talk radio, then there’s a good chance that you’ve heard an advertisement from a law firm preaching the benefits of Medicaid Trusts. They are a great option for many families, especially for the late-middle-aged, moderate to high income demographic that listens to talk radio. If I’m describing you, please read on.
As a Massachusetts estate planning attorney, I am well versed in the laws and procedures governing wills, trusts, taxes, and probate. But with elderly clients, their legal issues often overlap with their medical issues. While discussing estate planning with a client, I’m often asked whether an elder can remain in their home, or whether an
Please check out my article on Caregiver Contracts in the Local Voices section of the Danvers Patch.com website. The Caregiver Contract: A Method for Keeping an Elder’s Life Savings in the Family For children who care for elderly parents, establishing a Caregiver Contract could ensure that the elder’s life savings remain in the family, instead
A rather specific question was posed to me in the comments of another post, so I’ll address it here. The question posed was: “If a 62 year old widow remarries, and designates his emancipated children as beneficiaries of his 401(k), does he need his new wife’s endorsement to make the beneficiary designations stick? Also, are