Summer Vacation Planning: If the Unexpected Happens?

“The trouble is, you think you have time.” – Jack Kornfield, Buddha’s Little Instruction Book

Summer has arrived, and many of us are already harried with planning the details of our  upcoming vacation trips.   Columnist Susan Heller has quipped: “When preparing to travel, lay out all your clothes and all your money.  Then . . . → Read More: Summer Vacation Planning: If the Unexpected Happens?

Daley/Nadeau Decisions: Protect your Home Equity from Nursing Home Costs

Good news recently from Massachusetts’ highest court.   Your home is your nest egg.   It gives you a place to live in retirement for as long as you need, and then you can leave it to your kids when you die.   But that plan can go awry if you need nursing home care.

Medicaid will . . . → Read More: Daley/Nadeau Decisions: Protect your Home Equity from Nursing Home Costs

Three "Time Posts" for Nursing Home Care Planning

Over the next fifteen, about 78 million baby boomers will be reaching retirement age. According to the Centers for Medicare and Medicaid Services, over 40 percent of them will need some period of nursing home care in their lifetimes.

This social tidal wave presents baby boomers and their families with a daunting financial challenge: . . . → Read More: Three “Time Posts” for Nursing Home Care Planning

Understanding "Basis" Can Save Your Family $$$$$ in Taxes

As the dreaded April 18 tax deadline looms, income taxes are naturally on everyone’s mind.  If you own an asset that has appreciated greatly in value over the years, such as real estate or stock, you probably know that you will have to pay capital gains tax when you sell it.   The capital gains . . . → Read More: Understanding “Basis” Can Save Your Family $$$$$ in Taxes

The Simple Way to Avoid the High Cost of a Guardianship or Conservatorship

It doesn’t matter how young or healthy you are.   Bad things sometimes happen to good people.   Whatever your age or health, for example, you might be only one car accident away from ending up mentally incapacitated.   Have you prepared to make the legal burden on your family as light as possible?

It is easier . . . → Read More: The Simple Way to Avoid the High Cost of a Guardianship or Conservatorship