Monthly Archives: November 2013

MASSHEALTH PLANNING: CAN A POOLED TRUST HELP YOUR LOVED ONE?

Is your mother or father, or someone close to you, confined to a nursing home? Do you think he or she has too many assets to qualify for MassHealth? Think again.   Elderly Massachusetts nursing home residents can qualify for MassHealth … Continue reading

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Finish What You Start: Fund Your Living Trust

I have been writing about building flexibility into your trusts and your estate planning in general. Proper estate planning allows you to take care of your spouse, children, and other descendants well into the future, save estate taxes, and protect … Continue reading

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Nursing Homes: Who’s Responsible to Pay?

Recently, I have been asked a number of times if a family member is responsible for the costs of nursing home care of another family member.  Last year, it was reported that a son in Pennsylvania was sent a $93,000 … Continue reading

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Last Call for IRA Charitable Contributions?

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In 2006, Congress added a new provision to the tax laws that allowed taxpayers to make contributions to charitable organizations directly from their IRA accounts without having to report the contribution as income and without regard to the restrictions that … Continue reading

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NANTUCKET ELDER CARE: IT TAKES AN ISLAND

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I presented a seminar last week at the Nantucket senior center, which is known as The Saltmarsh.  During the program, “Living Where You Want, With The Care You Need”, I described various programs by which seniors can receive assistance in … Continue reading

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2014: By the Numbers

  Here’s a summary of some of the recently released numbers affecting tax benefits in 2014: $        Annual exclusion from gift taxes (the amount an individual may give to an unlimited number of donees each year) remains at $14,000.  The … Continue reading

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