Planning for Life

What is Settlement Planning?

Posted by Rachel Sandler on September 20, 2013

By Rebecca J. Benson

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

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: MassHealth, personal injury settlement, special needs planning

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, MassHealth, long-term care planning

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, special needs planning, MassHealth planning

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: MassHealth, Medicare, long-term care planning

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

Prenuptial Agreements and Medicaid - Massachusetts

Posted by Harry S. Margolis on October 27, 2012

By Harry S. Margolis

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

Maguire Decision Limits MassHealth Caretaker Child Exception

Posted by Harry S. Margolis on October 14, 2012

By Harry S. Margolis

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Topics: MassHealth, MassHealth planning

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

Why Medicaid Planning Isn't for Everybody - Massachusetts

Posted by Harry S. Margolis on January 2, 2012

By Harry S. Margolis

iStock-668519878.jpg

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

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