By: Brandon C. Walecka, Esq. Walecka Law, P.C. 774-203-9003 Brandon@WaleckaLaw.com We are often asked, “Will MassHealth look at every check I write when I’m applying for benefits?” When attempting to answer this question, I first try to educate the client on the basics of Medicaid eligibility and the look-back rules. Please note that when I …
Will Medicaid (MassHealth in Massachusetts) look at every check I write?Read More
By: Brandon C. Walecka, Esq. Walecka Law, P.C. 774-203-9003 Brandon@WaleckaLaw.com Congratulations, you have taken the important step of creating an irrevocable trust to protect your real estate property should you need long-term care. However, you may have missed some important follow-up steps. Did you let your insurance company know of the change in the deed? …
Have you Notified your Homeowner’s Insurance Company About your Irrevocable Trust?Read More
As you likely remember, recent COVID-19 relief bills, included direct payments to most Americans to help offset the huge financial crisis. Among those recipients were those who are elderly and on fixed income. Medicaid (MassHealth in Massachusetts) has very strict asset and income rules in order to receive benefits. Individuals receiving such benefits may ask …
By: Brandon C. Walecka, Esq. Walecka Law, P.C. 774-203-9003 Brandon@WaleckaLaw.com With the average cost of higher education ranging from $25,000 to $50,000 a year, it is understandable why many grandparents want to help their grandchildren pay for college. In some cases, a would-be college student may ask their grandparent with good credit for help. Generally, …
Why You Shouldn’t Co-sign your Grandchild’s Student LoansRead More
Trusts are an important topic when it comes to estate planning. A trust essentially is an agreement between two or more people to hold assets (e.g., a house, bank account, investment, etc.) for the benefit of someone else—for the benefit of a beneficiary. A trust can serve many different purposes and accomplish a variety of …
Job Description Legal Assistant/Paralegal needed for a growing solo- estate planning and elder law virtual practice in the greater New Bedford area. The ideal candidate will be able to work independently, be able to multitask, be thoughtful and diligent. This position provides an opportunity to work closely and collaboratively with the attorney/owner to provide meaningful …
With baby boomers rapidly going over the retirement age, a new generation of Americans are increasingly finding themselves in the sandwich fold: millennials. What are the potential financial impacts they might face, and what can they do about it to prepare? Here’s a hint: an Estate Plan. Click here to read more.
Trust and Will Article: Why Millennials Should Be Preparing NowRead More
On Monday, September 13, 2021, the U.S. House of Representatives Ways and Means Committee released draft legislation to fund President Biden’s broader “Build Back Better” initiative. The draft legislation contains a number of provisions that, collectively, would create a seismic change in the estate planning world. What is a Grantor Trust? For decades, Grantor Trusts …
ADVISOR INSIGHTS: Proposed Legislation Dramatically Threatens Estate Planning StrategiesRead More
