How to Pay for Nursing Home Care without Going Broke
One of the things that concerns people most about nursing home care is how to pay for that care. There are basically four ways that you can pay for the cost of a nursing home care:
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 &...
The Importance of Dotting Your “i”s and Crossing Your “t”s in Care Agreements
A New York appeals court case illustrates why it is very important to have properly drafted and properly implemented care contract when an elder is paying a family member for services. The Court ruled that a Medicaid applicant who transferred money to his daughter and son-in-law under a personal service agreement made...
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...
Are You 50+? Now is a Good Time to Begin Thinking About Long-Term Care
Think about it before you need to think about it.
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Yes, it might seem crazy to start thinking about a possible future when you're infirmed and need long-term health care if you're only in your 50s. You're young, or relatively young, and healthy. But that's the point: You...
Strategic Estate Planning Services
https://www.youtube.com/watch?v=Zg4BPVN9OZg
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It seems like many people devote more time to planning a vacation, what car to buy or even where to eat dinner than they do deciding who will inherit their assets after they're gone. Sure, estate planning isn’t as...
A New Strategy to Help if One Spouse Needs Long Term Care
Written by Attorney Daniel M. Surprenant, Esq., CELA
Good News! Our office has recently, successfully, implemented a strategy to help a family keep more income while one of the spouses needed long term care paid for by Medicaid (a.k.a. MassHealth)! We thought we’d take a moment to write about...
MassHealth, Medicaid, and Medicare – Who Pays for Nursing Home Care?
When our elder law care team meets with clients, our clients often confuse the words “Medicare,” “Medicaid,” and “MassHealth.” Understanding the differences between government programs can be confusing. When it’s time for a loved one to receive medical care in a nursing home, many families are left wondering which government program...
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