Estate Planning for Assisted Living: Securing Your Family's Future
Planning for Long Term Care: OverviewWhen it comes to planning for assisted living and navigating the complexities of long-term care, it's essential to have the right information and strategies in place. Below, you'll find a collection of, and links to, valuable resources addressing various aspects of long-term care planning.
Discover how estate planning can help secure your family's financial future in the face of rising assisted living costs. Learn about potential strategies, including Medicaid eligibility planning and asset protection trusts. Act proactively to safeguard your assets while ensuring eligibility for Medicaid assistance when needed. Read more here.
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Understanding the Medicaid Trust
Explore the power of irrevocable trusts in protecting your assets from the financial strain of assisted living and long-term care expenses. Delve into the benefits of asset protection trusts and the optimal timing for creating them. Learn how to shield assets from potential creditors while preserving your legacy for your loved ones. Read more here.
Life Estates: An Alternative Strategy
Understand the concept of life estates and how they can play a vital role in your real estate planning. Discover the benefits and drawbacks of life estates, including their potential impact on assisted living and estate planning. Learn how life estates compare to other estate planning tools and ensure you make informed decisions. Read more here.
Long Term Care Planning FAQs
Explore our FAQ page for comprehensive answers to your questions about long-term care and assisted living planning. We understand that navigating these complex topics can be challenging, and our FAQs aim to provide you with clear, concise information to help you make informed decisions. Whether you're concerned about Medicaid eligibility, asset protection, or the various tools available for long-term care planning, our FAQs have got you covered. Click here to access our FAQ page and find the answers you need to plan confidently for your future or that of your loved ones. Read more here.
Conclusion
Navigating the complexities of long-term care and estate planning is a critical step in securing your family's financial well-being. Explore these resources to make informed decisions and plan effectively for the future.
Questions About Long Term Care or Assisted Living and Your Estate Plan?
Schedule a free informational callback from a member of our team to learn more about how we can help you customize your estate plan to secure your legacy in the face of long term care costs.
Meet Our Estate Planning Lawyers
Emily Smith-Lee is the owner and founder of slnlaw. She is a 1996 graduate of Boston College Law School. She was previously a partner at the Boston office of a large international firm, where she worked for thirteen years before starting the firm that became slnlaw in 2009. She has been recognized as Massachusetts Superlawyer each year since 2013, and in 2018 earned recognition as one of Massachusetts Lawyers Weekly's Lawyers of the Year.
Jenna Ordway: Jenna is a 2013 graduate of Quinnipiac Law School, and also earned an LLM in Taxation from Boston University in 2015. She has been affiliated with slnlaw since 2011, first as a law clerk and then as an attorney. Jenna has been recognized since 2019 as a "Rising Star" by Massachusetts Superlawyers. Jenna wrote a book on estate planning: The Road to Peace of Mind: What You Need to Know About Estate Planning. Jenna has helped many individuals and families with planning to protect their legacies and loved ones, and planning for the future and succession of their businesses.
Sharleen Tinnin: Sharleen is a 2010 graduate of Northeastern University School of Law, and earned her LLM in estate planning from Western New England Scool of Law in 2016. She has been with slnlaw since 2023. Prior to joining slnlaw, she worked with King, Tilden, McEttrick & Brink, P.C. on complex civil litigation matters. She previously worked for the United States Department of Justice, and received an "Excellence in Justice" award in 2017. Sharleen has helped many clients with planning for their legacies and their future, and navigating the probate process in Massachusetts after the death of a loved one.
How We Can Help
For personalized guidance and tailored advice, consult with our experienced estate planning attorneys today. You can use the button below to schedule your free information call, or simply give us a call at 781-784-2322.