As elder law attorneys, the professionals at Simmons & Schiavo provide a wide range of Massachusetts elder law services. These services aim to provide information and guidance on a variety of financial, healthcare and estate issues. Here are just a few ways that we can assist you and/or your elderly family members.
Medicaid Planning & Application
Qualifying for medicaid requires some advanced planning given the income and asset limitations. You may also want to protect certain assets from being used to cover the cost of expenses such as long-term care. By understanding the medicaid laws, you can take steps to protect your assets and maximize your Medicaid benefits.
The Medicaid application process can also be confusing for many. Our attorneys can assist with the application process. This includes submitting information on your income, assets, and proof of residency.
If you have substantial equity in your home and a shortage of retirement savings, you may be considering a reverse mortgage. Reverse mortgages allow you to borrow against the equity in your home. Before doing so, it’s important to understand the impact of doing so. As part of our Massachusetts elder law services, our attorneys can help explain how reverse mortgages work. Additionally, we can help assess whether you need a reverse mortgage to begin with or if there are other solutions that you may want to consider.
Everyone should have an estate plan, but it becomes critical in your elder years. Estate plans can cover a range of things including health care proxies, powers of attorney, wills, and trusts. Your goals may include protecting your assets, carrying out your wishes, and minimizing taxes. In order to determine what should be included in your estate plan, our attorneys take the time to evaluate your personal circumstances and finances. Only then can an estate plan be tailored to meet your unique needs.
More on Massachusetts Elder Law Services
In addition to the common elder law services listed above, our attorneys can assist with other aspects of retirement planning. When needed, we bring in trusted service partners to assist with financial planning, insurance, etc. Our goal is to provide you with the information and guidance that you need to make smart decisions at this critical stage in your life. Contact us today to schedule a consultation.