Several years ago, when former Bristol state Sen. Steve Casey commented about the difficulty associated with his heart transplant, I was struck by his candor and courage when he said, “When life gives you lemons, you make lemonade.” That type of Casey courage is what we need in today’s coronavirus crisis. While I understand the reason for many …
Estate Planning and Probate
How to approach your parents about their estate plan
We often hear from children who are concerned that their parents may not have an estate plan in place. The children are worried that if something happens to one or both parents, the children will not be equipped to assist their parents, and many times the children have no idea where the parents stand financially. Understandably, these subjects …
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Common errors in planning for long-term care
Our law firm assists seniors, disabled persons and their family members in applying for Medicaid assistance. We frequently observe the following planning errors that people make when applying for Medicaid. Medicaid myths: Relying on information from family members, friends or non-elder law professionals. Medicaid is a state program funded in …
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Should I do estate planning?
Dear Attorney Tully: When is the best time for an individual to do his will and/or estate planning? I am a 63-year-old, divorced man with three adult children. I have a few minor health issues, but am otherwise in pretty good health. I have beneficiaries under my IRA and my insurance policies, and I have joint checking and saving accounts with my …
Basics of Medicaid: What you can keep and what you cannot
In order to understand Medicaid qualification, you first need to know how Medicaid treats your assets. Basically, Medicaid breaks your assets down into two separate categories. The first are those assets which are exempt and the second are those assets which are non-exempt or countable. Exempt assets are those which Medicaid will not take …
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