The job of an elder law attorney is obviously to help elderly people who are concerned about end-of-life issues, incapacity, and the legacy that they will leave to loved ones when they pass away. Worries about covering the costs of nursing home care and dealing with the possibility of illness naturally become more pronounced as you get older because there is a greater risk of developing life-threatening conditions. An elder law attorney at The Law Offices of James A. Miller, P.C. helps seniors to be prepared for whatever life brings.
People create trusts for many reasons, including to avoid estate tax and to avoid the costs of nursing home care by ensuring they can qualify for Medicaid. People also create trusts in order to avoid the probate process, to provide broader asset protection, and to make certain that beneficiaries or heirs do not squander the money which has been left to them.
When you believe that a trust could help as part of your estate planning process, you can contact The Law Offices of James A. Miller to find out about how a Worcester trust administration lawyer can assist you. We can help you to do many important things, including creating a legally valid trust and choosing a trustee.
After a trust creator has passed away, we also provide help to the trust administrator in fulfilling trust obligations.
Both those who are creating a trust, as well as those who have been designated as a trustee, need to understand the trust administration process. In particular, you need to know who is in charge of the trust administration process and what the process will entail. Call today to find out more.
A revocable family trust is a trust that is set up for the purposes of protecting assets and providing for your family members. Trusts can be used to achieve many asset protection and estate planning goals and can be a powerful legal tool for those who want to protect their loved ones and legacy. However, there are a number of different kinds of trusts that you can choose to create and you need to select the right option to accomplish your specific aims. The Law Offices of James A. Miller can help.
Medicaid eligibility rules are strict, because Medicaid is meant to be a program for people who have limited income and few resources. If you want to become eligible for Medicaid coverage, you will need to make certain that you understand what the rules are for eligibility and must make certain that you can meet the criteria set forth by the state of Massachusetts and by the federal government. Medicaid is run as a federal / state partnership and Centers for Medicare and Medicaid Services imposes rules that must be followed when it comes to benefits eligibility and coverage.
Massachusetts inheritance law details what happens when someone inherits money. If you are making your legacy plan or estate plan, you need to understand how inheritance law will affect the money that you leave behind. You also need to understand how inheritance law will impact your beneficiaries or heirs.
It is always important to consider both the impact of an inheritance, and the method by which heirs will manage an inheritance. However, this becomes an especially important consideration if you are leaving money to a minor who will be under the age of 18 at the time when you provide an inheritance. If you leave money to someone underaged, the law is very strict on what will happen to the money or the property you have provided as an inheritance.
Unfortunately, sometimes you may not like how Massachusetts inheritance law will treat an inheritance that you have left behind for your children or for other kids who are important to you. You need to understand what the default rules are and, if you don’t like those rules, must use appropriate legal tools to opt out of defaults and ensure the inheritance you leave behind works for your loved ones. The Law Offices of James A. Miller can help.
Providing an inheritance for grandchildren is one of the best and most loving things that grandparents can do for their grandkids. You may want to leave money to pay for your grandchildren’s education or make plans to ensure that your grandchildren have financial security. Whatever the amount you can leave behind, and whether you leave money, property, or possessions, your grandchildren will appreciate the loving gift you have given to them.
A Massachusetts power of attorney should be created as soon as possible if you do not already have a power of attorney in place. A power of attorney is an important part of your incapacity plan. Because life is uncertain and you never know when something could happen to you, it is always a good idea to make sure you’ve planned ahead for incapacity.
Massachusetts homestead law recognizes that your home is a special type of possession which is different from other property. As a result, your home may be protected even in circumstances where other assets may need to be sold. This can impact your ability to qualify for Medicaid benefits.
Massachusetts homestead law, and the protections which the law provides, can be complicated. It is important that you understand what your rights and obligations are and that you do what you need to in order to protect your home.
The Law Offices of James A. Miller, P.C. can provide you with assistance in understanding what the Homestead Act means for you.
Massachusetts estate tax has to be paid on certain estates after the owner of property and assets has passed away. In addition to estate taxes assessed by the state of Massachusetts, taxes may also need to be paid to the federal government as well after a death. Estate tax obligations can significantly reduce the value of an inheritance, and can affect the legacy which a deceased person leaves behind.
Estate preservation is important to people of all ages, but it can become an especially pressing issue for senior citizens. Your estate is made up of all that you own, and preserving the value of your property and assets is essential to building a strong legacy. We can help.