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Meeting Estate And Elder Law Needs In The Boston Area
Meeting Estate And Elder Law Needs In The Boston Area
When your parent enters a nursing home and you begin paying out of pocket, the instinct is often to simply manage the bills until circumstances shift. What you may not realize is that paying privately does not foreclose the possibility of MassHealth coverage, and the...
When a parent transitions into a nursing facility, the family residence typically represents their most substantial financial asset and a significant portion of their legacy. Many families in Massachusetts fear that MassHealth will mandate a property sale to subsidize...
While you likely recognize irrevocable trusts as tools for asset protection, their true efficacy involves more than just signing a document. In Massachusetts, a Medicaid Asset Protection Trust (MAPT) must withstand exhaustive MassHealth scrutiny to function as...
Many Massachusetts residents worry that the high cost of a nursing home stay will deplete the savings they worked their entire life to build. This fear is based on a common myth. Many assume they cannot qualify for MassHealth, the state's Medicaid program, just...
When a loved one needs long-term care in a Massachusetts facility, the costs can be exorbitant. MassHealth is a program designed to help people who do not have the wherewithal to cover for the costs. However, applying can be confusing, with many potential missteps....
Most of us hope that we will not need nursing home care one day, or that we will not need to put a family member or loved one in a nursing home. However, declining physical or mental health might mean a nursing home becomes necessary. Nursing home expenses today can...
Some might say that planning your long-term care needs at 50 is too early. However, you do not have to wait until a health crisis forces your hand. Your 50s are an ideal time to start planning for your future care needs through MassHealth, Massachusetts' Medicaid...
As we’ve discussed previously on this blog, the cost of nursing home and other long-term care can be exorbitant. If you don’t plan to effectively cover these costs, then your assets can quickly dissolve, leaving you with very little, if anything, to distribute to your...
MassHealth can help people pay for their long-term care, but its financial eligibility requirements are strict. To qualify, an applicant must fall below a certain threshold in terms of assets and income. And to make this even more strict, MassHealth has a so-called...
Qualifying for MassHealth can be a financial lifesaver as you age since it can help pay for long-term care and necessary medical treatment, which otherwise could eat away at your savings and deteriorate any wealth that you intended to pass down to your loved ones....