As most residents of the Boston area know, Medicaid is a federal economic assistance program that is designed to provide financial help to persons with disabilities and limited income. In order to qualify for Medicaid, a person’s income and assets cannot exceed the...
Medicaid planning can include irrevocable trusts
Salem area residents may already know that a stay in a nursing home can be extremely costly. They may want to utilize Medicaid benefits to help pay for long-term care but may be concerned that they will have to deplete their assets to qualify, leaving their heirs with...
Careful planning for incapacity helps estate planners and family
The importance of planning for incapacity cannot be overstated. Planning for incapacity in advance can be helpful for estate planners and their loved ones if the estate planner becomes incapacitated at some point. Incapacity can make it difficult, or impossible, for...