Many people are aware of the high cost of nursing home care. Unfortunately, nursing home costs in Massachusetts rank as some of the highest in the nation and can exceed $12,000 a month. Some insure against these potential costs by purchasing long-term care insurance (LTCI). However, LTCI polices are not without their drawbacks. LTCI premiums…. Read More
If you have an elderly parent or other loved one that is in need of care, you might be wondering where to start researching your options. Though the senior citizen population grows every year, the amount of senior housing options has not kept up with that growth and therefore limits the choices that your loved…. Read More
An estate tax is a type of death tax that is imposed on the decedent’s estate before any distributions are made to beneficiaries. Estate taxes are different from inheritance taxes, which actually are imposed on the beneficiaries themselves. Estate taxes can be a burden because some people still might have to pay them after their…. Read More
Many Massachusetts families take care of another family member with special needs. Caring for people with special needs can require additional resources from the caregiver, including a great deal of financial resources. If you efficiently plan ahead of time, you and your family can take advantage of financial programs that are made to assist in…. Read More
One of the most common and difficult caregiving challenges that an adult can face is dealing with an elder loved one who refuses necessary assistance. Whether he or she is resisting in-home aides, driving under ill or weakened physical conditions, or just generally denying help from any family members, it can be hard to decide…. Read More
An important aspect of your estate planning that many people might overlook is your digital legacy. You should start considering what you want to happen to all of your online accounts that you have created and maintained over the years. You don’t literally own any online blogs, social network accounts, or digital files, but you…. Read More
