Planning for Life

LTCI - MassHealth Issues Clarified

Posted by Harry S. Margolis on November 5, 2013

By Harry S. Margolis

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Topics: MassHealth planning, long-term care insurance, MassHealth

What is Settlement Planning?

Posted by Rachel Sandler on September 20, 2013

By Rebecca J. Benson

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Topics: Medicare, special needs planning, MassHealth, personal injury settlement

How Not to Settle a Personal Injury Lawsuit

Posted by Harry S. Margolis on August 27, 2013

By Harry S. Margolis

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Topics: special needs planning, MassHealth, personal injury settlement

How Can I Protect My House from MassHealth?

Posted by Rachel Sandler on August 14, 2013

By Jeffrey A. Bloom

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Topics: MassHealth planning, long-term care planning, MassHealth

MassHealth Programs are Available to Help with the Cost of Care at Home

Posted by Maggie Lorenzo on June 19, 2013

By Patricia C. D'Agostino

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Topics: MassHealth planning, special needs planning, MassHealth

Is Medicaid Any Way to Fund Nursing Homes? - Massachusetts

Posted by Harry S. Margolis on May 21, 2013

By Harry S. Margolis

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Topics: long-term care planning, Medicare, MassHealth

Pay Your Mom's Nursing Home Bill or Go to Jail - Massachusetts

Posted by Harry S. Margolis on March 5, 2013

By Harry S. Margolis

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Topics: long-term care planning, nursing homes, special needs planning, MassHealth

All Older Marriages Need Prenuptial Agreements

Posted by Harry S. Margolis on October 27, 2012

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By Harry S. Margolis

For a long list of reasons, we recommend to all seniors contemplating marriage that they enter into a prenuptial agreement. Such agreements don't just govern what would happen to their property and income in the event of divorce, but also who is responsible for various living expenses, including maintenance of insurance and what will happen to each spouse's property upon death.

While men and women getting married at a younger age often have little or no assets to begin with and create an estate and family together, older newlyweds are more likely bring with them both children and property accumulated over a lifetime of work -- often with a predeceased spouse. Without planning, assets can easily end up paying for a new spouse's long-term care or pass to the family of the surviving spouse, rather than to the children and grandchildren of the first spouse to pass away.

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Topics: long-term care planning, MassHealth, Estate Planning, second marriage

Maguire Decision Limits MassHealth Caretaker Child Exception

Posted by Harry S. Margolis on October 14, 2012

Photo by rawpixel on UnsplashBy Harry S. Margolis

MassHealth law provides an exception to the usual five-year penalty period for gifts of property when a parent transfers her home to a so-called "caretaker" child. In the case of Maguire v. Director of the Office of Medicaid (Mass. Ct. of Appeals No. 11-P-792, Oct. 4, 2012), the Massachusetts Court of Appeals upholds the denial of this exception in a case where a daughter helped her mother stay at home, but where the mother might have been cared for in assisted living rather than a nursing home.

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Topics: MassHealth planning, MassHealth

What's the Difference Between "Supplemental" and "Special" Needs Trusts? - Massachusetts

Posted by Harry S. Margolis on October 9, 2012

By Harry S. Margolis

bernard-hermant-541485-unsplash (1)You may have heard the terms "special" needs trust and "supplemental" needs trust and wondered what the difference is. The short answer is that there's no difference. Here's the long answer.

When the field of special needs planning began some three decades ago, we generally called the trusts we created for people with disabilities “supplemental” needs trusts. Our thinking was that the purpose of the trusts was to supplement the assistance provided by Medicaid, Medicare, Social Security, Supplemental Security Income and other public benefits programs whose level of support is meager at best.

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Topics: long-term care planning, special needs planning, MassHealth, Retirement Planning

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