Nursing homes, long-term care facilities and in-home care can be expensive. According to a survey conducted by Genworth Financial, the average cost of a nursing home in Massachusetts is $353. That is approximately $128,845 per year. With these high costs, it is can be...
Year: 2015
Medicaid look back period in Massachusetts: A primer.
Planning for Medicaid should involve careful consideration of the look back period, which varies by state. Planning for long-term care services in our sunset years is an important part of ensuring our future financial security. The United States Department of Health...
A disturbing Massachusetts trend may jeopardize your life-savings
On behalf of John Gianino A disturbing trend in Massachusetts is threatening Medicaid eligibility for residents who have irrevocable trusts. Learn more and get answers here. A once reliable asset protection strategy has come under fire in Massachusetts, creating...
New Department of Labor Fiduciary Rule: How will it impact retirement?
A new rule proposed by the Department of Labor brings attention to the need to put together a comprehensive plan to protect your wealth. Saving for retirement is a process that, ideally, begins when we enter the workforce. Managing these earned retirement assets and...
Adult children should encourage their parents to have an estate plan
On behalf of John Gianino The Federal Citizen Information Center notes that it is unfortunate that so many people believe that estate planning is only for the wealthy. In reality, people at all economic levels-and of all ages-can benefit from having an estate plan. It...
How can I pay for nursing home care? FAQs answered
On behalf of John Gianino A large majority of people over 65 will need long-term care, but few are prepared for the cost. Here are some answers to frequently asked questions regarding how to pay for nursing home care in Massachusetts What options are available to pay...
Selecting a qualified executor is vital to carrying out your estate plan
On behalf of John Gianino According to the Wall Street Journal, there is no time like the present to make sure that all of your estate-planning ducks are in a row. For Massachusetts residents who are preparing their estate plan, one of the most important tasks before...