Britney Spears’s legal fight to wrest back control over her personal and financial affairs has flooded the issue of guardianship in Klieg lights. While full guardianship may be necessary for many individuals who are incapable of managing their own affairs due to dementia or intellectual, developmental or mental health disabilities, the Spears...
MEDICARE WOULD COVER DENTAL, VISION, AND HEARING UNDER SENATE DEMOCRATS’ SPENDING PLAN
The Senate Democrats' proposal for a $3.5 trillion spending plan includes expanding Medicare to provide dental, vision, and hearing benefits. The proposal is now being negotiated in Congress.
Currently, Medicare does not offer much in the way of dental, vision, and hearing benefits. Medicare Part A will cover certain...
5 ESTATE PLANNING TIPS FOR THE NON-TRADITIONAL FAMILY (WHICH PROBABLY MEANS YOURS)
Is your family of the “Leave It to Beaver” variety -- opposite-gender parents, the first marriage for each, one or more kids, all healthy and thriving? If so, your estate plan will probably be pretty straightforward. But if not, it's not as simple and you have a lot of company.
WHAT IS THE DIFFERENCE BETWEEN A LIVING WILL AND A DO-NOT-RESUSCITATE ORDER?
It is a very good idea to create advance directives in order to plan for the possibility that you may one day be unable to make your own medical decisions. In doing so, there can be confusion about the difference between a living will and a "do-not-resuscitate" order (DNR). While both these...
USING ESTATE PLANNING TO PREPARE FOR MASSHEALTH
Long-term care involves not only a loss of personal autonomy; it also comes at a tremendous financial price. Proper planning can help your family prepare for the financial toll and protect assets for future generations.
Long-term care can be very expensive, especially around-the-clock nursing home care. Most people end up paying for nursing...
IRS ANNOUNCES THAT FACE MASKS AND RELATED PURCHASES ARE TAX DEDUCTIBLE
The IRS has announced that the tax deduction for medical expenses includes amounts spent on face masks, sanitizer, and other products purchased to prevent the spread of the coronavirus.
If you have significant medical expenses, you may be able to deduct them from your taxes. Many types of medical expenses are deductible, from long-term...
LATEST JOHN OLIVER RANT DETAILS FAILINGS OF OUR LONG-TERM CARE SYSTEM
In a profanity-laced episode of his HBO show that is by turns hilarious and deeply disturbing, comedian John Oliver delivers one of his trademark rants, this one exposing the “abuse and neglect” that he says are all-too-prevalent in our system of long-term care.
On the show Last Week Tonight, Oliver begins the
HOW TO FIX A REQUIRED MINIMUM DISTRIBUTION MISTAKE
The rules around required minimum distributions from retirement accounts are confusing, and it’s easy to slip up. Fortunately, if you do make a mistake, there are steps you can take to fix the error and possibly avoid a stiff penalty.
If you have a tax-deferred retirement plan such as a traditional IRA...
WHO SHOULD PURCHASE LONG-TERM CARE INSURANCE?
Buying long-term care insurance is one way to protect against the high cost of long-term care. However, this type of insurance may not be for everyone, so consider all your options.
Long-term care – care in a nursing home or at home -- may be paid for in four...
THE FILM ‘I CARE A LOT’ HIGHLIGHTS VULNERABILITIES IN THE GUARDIANSHIP SYSTEM
Netflix’s popular new movie, I Care a Lot, scenes of which were filmed in Braintree and Norfolk County, may be far-fetched in a lot of ways, but it does highlight some real weaknesses in the guardianship system that make it possible for an unscrupulous guardian to take control of an...