Planning for Life

Life Estate Owners: Beware Solvency of Remaindermen - Massachusetts

Posted by Harry S. Margolis on April 2, 2013

By Harry S. Margolis

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Topics: long-term care planning, asset protection, Estate Planning

Weisman Warns Seniors (and the Rest of Us) About Scams - Massachusetts

Posted by Harry S. Margolis on March 10, 2013

By Harry S. Margolis

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Topics: seniors, identity theft, asset protection, Estate Planning

Why Medicaid Planning Isn't for Everybody - Massachusetts

Posted by Harry S. Margolis on January 2, 2012

By Harry S. Margolis

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My new client was recently widowed.  She is healthy, living on her own in the house she shared with her husband for many decades.  She is comfortable financially with significant savings in addition to the home, but by no means wealthy.  Her four children all have families of their own and they and their spouses have good jobs, so they don't need her financial support.

I met with her and her son. They asked whether the mom should put her home, and perhaps some of her savings, into an irrevocable trust in order to protect them in the event she needs long-term care.  She also expressed her steadfast wish to stay at home.

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Topics: MassHealth planning, long-term care planning, MassHealth, asset protection, Estate Planning

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