New Year’s Resolution 2: The Coma/Dementia Risk

Much of the asset-protection planning I do involves what happens when someone dies.  For example, you create a last will and testament.  But a lot of bad things can happen to us before we die.   You might be in a car accident and lose your mental faculties.  Or develop mental conditions like dementia . . . → Read More: New Year’s Resolution 2: The Coma/Dementia Risk

New Year’s Resolution 1: Protecting Your Home from Nursing Home Costs

It’s a new year, and we want to help you take easy steps to protect your hard-earned assets.  Over the next week or so, we’ll be proposing a series of mini-resolutions that you can easily put into effect right now to protect your family.

Problem:  If you are approaching retirement age, you should know . . . → Read More: New Year’s Resolution 1: Protecting Your Home from Nursing Home Costs

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