Asset Protection

Financial issues can become acute for seniors. The luxury of time to ride the ups and downs of the stock market is gone, and the ability to generate new assets through working is diminished or does not exist. Aging clients face the complicating factor that end-of-life medical costs continue to escalate. The Elder Law Practice Group can help quantify and plan for potential problems. We provide important advice regarding the interplay of asset ownership, gifting, taxation, insurance, and public benefits to help our clients support their retirement plans and care for themselves while solidifying a legacy for their family members. We also assist clients in assessing the benefits of various types of insurance, including health, disability, and long-term care.

The Group provides practical advice and advocacy on Medicaid (MassHealth) eligibility, including long term care and community benefits, and successfully navigate complicated Medicaid (MassHealth) applications through to completion. We represent applicants at Administrative Hearings and Superior Court appeals. Our experienced attorneys also

Documents and subjects that are frequently discussed to help clients maximize resources are:

• Life Estate Deeds
• Irrevocable Trusts
• Long Term Care Insurance
• Wills (Containing Testamentary Trusts)
• Child “Caretaker Agreements”
• Special Needs Trusts
• Pooled Charitable Trusts
• Medicaid Promissory Notes
• “Medicaid” Annuities