Government programs are often mistaken for one another, which is understandable since they all tend to be equally confusing. When it comes to healthcare, it’s important to distinguish between the programs to understand what they cover, or more importantly, what they do not cover. Here’s what you ... Read More
Law Blog
Massachusetts Medicaid Qualification Criteria & Medicaid Planning Tips
Medicaid is a government health care program with federal rules but administered by individual states. It is used by many elderly residents in Massachusetts, but the program is not restricted to the elderly. Many wrongly assume that you can qualify for medicaid once you reach a certain age, however, ... Read More
Money Saving Tips and Retirement Planning
There are many different ways to save for retirement, or just to save money in general long before retirement. How can you simplify your finances and maximize your savings? Here are some money saving tips to consider, particularly for retirement planning. Focus on Paying Off Debts Many find it ... Read More
5 Retirement Planning Tips for MA Seniors
Retirement is something that we often don’t think about until later in life, but we should really prepare for much sooner in life. Whether you’re in your 20’s, 30’s or 40’s, it’s never too soon to start planning. Here are 5 retirement planning tips to consider. 1. Start Saving Early We can’t ... Read More
Capital Gains Tax When Selling a Home in Massachusetts
The Massachusetts real estate market has fully bounced back from the downturn 10 years ago. Home prices have been steadily rising and people are actively buying and selling properties. Many have managed to build equity again. If you are looking to sell your home and have accumulated significant ... Read More
Massachusetts Elder Law Services from Simmons & Schiavo
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 ... Read More
2018 Tax Reform Impact on Seniors in Massachusetts
The new tax law that applies to the 2018 calendar year has many different provisions. The effect can vary depending on your personal circumstances. If you are elderly and/or retired, you may be wondering about the 2018 tax reform impact on seniors in Massachusetts. Elderly Tax Deductions For ... Read More
Financial Planning Changes Based on 2018 Tax Law
2018 brings several tax law changes. Have you updated your financial plan and strategies accordingly? Proper planning allows you to maximize the value of your estate. Here are a few 2018 tax law updates and how they may prompt financial planning changes. Standard Deductions Increased The standard ... Read More
Student Loan Debt and Estate Planning in Massachusetts
Estate planning involves understanding and accounting for different types of debt. You may be surprised to learn that not all debt is treated the same way. When it comes to student loan debt, the source of the loan can be important. Federal student loans are treated differently than private student ... Read More
5 Massachusetts Estate Planning Mistakes to Avoid
Estate planning can help maximize the value of your estate, reduce tax liability, and ensure that your desired beneficiaries will receive the assets that you’ve worked so hard to accumulate during your lifetime. It’s something that everyone should have in place, not just the rich. No matter what ... Read More
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