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Elder Law Blog

December 2012 Archives

Medicaid can be used to cover nursing home costs

Modern medicine is allowing people to live much longer than they did in the past. Because of this, elderly individuals all over the country are doing their best to prepare for the long haul. One of the important parts of this sort of preparation is Medicaid planning and it allows residents of Boston to be prepared for the costs that will likely come with getting older.

A proper estate plan needs to be started now

One of the hardest things to do is plan for the future. Many elderly people in Boston know that attempting to do so can feel futile at times, but it still needs to be done. That is why many have already begun the estate planning process. If someone wants to maintain his or her estate and be able to pass some of it along to loved ones, planning is certainly necessary.

Do you want to leave your family with the burden of your care?

Many residents of Boston are concerned about the future, especially as they get older. They have seen loved ones who were in need of expensive care that left their wealth depleted and assets gone. Instead of following suit, some are preparing by taking steps toward a solid long-term care plan. By planning for long-term needs now, many people can save themselves and their family members money.

Now is the time to consider your tax plans for your estate

As the holidays approach, many people in Boston are concerned about money. This includes those elderly individuals that believe they have made solid estate plans, but that may no longer be the case considering the federal tax changes that are expected to happen at the end of the year. Tax planning is a major part of any estate plan, as long as the person that wants to keep as much money as he or she can for the beneficiaries of the estate.

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