Recent Blog Posts
A limited liability company (LLC) offers protection from personal liability for business debts, just like a corporation. Unlike a corporation, which must pay its own taxes, an LLC is a pass-through tax entity, so the profits and losses of the business pass through to its owners, who report them on their personal tax returns just […]
A Question for Elder Law Attorneys: Could It Be Legal Malpractice to Ignore Long-Term Care Insurance?
Long-Term Care Insurance Is a Necessary Option to Consider. Many elderly clients initially think they are somehow benefiting themselves by engaging in the impoverishment aspects of Medicaid planning. Attorneys should make it clear to clients that long-term care planning, which involves Medicaid (known as MassHealth in Massachusetts) issues, can sometimes be nothing more than inheritance […]
Hospice is an alternative to the traditional medical care near the end of a patient’s life, as the goal changes from attempting a find a cure to keeping the patient comfortable. Hospice care is palliative care that focuses on keeping a dying person as pain-free as possible immediately prior to death. Medicare Part A and most insurance plans cover hospice care. […]
In long-term care situations, there are numerous opportunities for misunderstandings to occur and disputes to arise. Some of these could be the quality of the food, bothersome roommates, lack of privacy, insufficient occupational therapy, or the expected quality of attention and care given residents. None of these concerns should be dismissed lightly because they greatly […]
When Death Is Imminent, Some Quick Moves Can Make a Great Deal of Sense. Deathbed Income Tax Planning Capital losses should be recognized via sale, as they will be lost upon death. A conversion of a qualified plan or IRA to a Roth IRA should be considered to allow future tax-free accumulations for the beneficiaries. Post-death medical […]