If you are over 65 years of age or have a loved one who is, you may be considering a future that includes long-term care. And you’re not alone: the majority of Americans will need nursing care, either at home or in a nursing facility, at some point in their lives.
5 Misconceptions of Long Term-Care Planning
Need help to reduce / eliminate long-term care costs?
For those who qualify, Medicaid (MassHealth) benefits can include:
Long-term care (in-home or in a facility); andSeniors who have long-term care insurance may be eligible for MassHealth, as well as exemptions from some eligibility and recovery rules....
One Year Later: Covid-19, Estate Planning and You
Attorney Michelle D. Beneski
By Attorney Michelle D. Beneski, Esq., CELA, LLM Taxation
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Living through the last year with Covid-19, everyone has emerged with their own takeaways. In our field of estate planning &...
ElderLawAnswers Article: Using Estate Planning to Prepare for Medicaid
Long-term care involves not only a loss of personal autonomy; it also comes at a tremendous financial price. Proper planning can help your family prepare for the financial toll and protect assets for future generations.
Long-term care can be very expensive, especially around-the-clock nursing home care. Most people end...
Estate Planning for a Multi-Generational Family
Times have changed and so has the idea of what a traditional family looks like. Due to economic or practical circumstances, more households have become multi-generational homes with grandparents, parents and children all living under one roof, according to a Pew Research Center analysis of census data. The dynamic of a multi-generational...
NY Times Article: With Adult Children Home, Now’s the Time: Talk About Your Money
By John F. Wasik
Riding out the pandemic with family presents the perfect chance to lay it all out: priorities, account balances, end-of-life directives.
For far too many families, financial planning is akin to scheduling dental surgery. The prospect of pain and discomfort prompts many to...