Massachusetts Elder Law And Estate Planning Attorney
Estate planning is important because, no matter how young you are or small your estate may be, it allows you to ensure that your property will go to the people you want, in the way you want, and when you want
An elder law attorney may be able to:
Preserve a portion of the applicant’s income for use by a non-institutionalized spouse;
Provide for the transfer of the applicant’s assets to certain family members without creating a penalty period under Medicaid law;
Protect life insurance policies and proceeds;
Protect retirement benefits and accounts;
Protect the applicant’s home;
Identify last minute expenditures that may be made for the applicant’s benefit without creating a penalty period for Medicaid eligibility purposes.
To have legal capacity to execute a document requires that the person signing have sufficient mental capacity to understand and appreciate the implications of the document.
Although it may seem tempting to skip the “costly” process of working with a qualified attorney and take care of your estate planning needs on your own, in most cases, working with an attorney is a worthwhile investment to make.
