Date: Tuesday, August 5th from 5:30 to 6:30 and Thursday August 20th from 5:30 to 6:30

Location: 99 South Street, Hingham

In celebration of the opening of South Shore Bank’s new Hingham branch, the Investment Center at South Shore Bank will host the workshop “Protecting Your Assets” with speakers from Oalican Law Group.

THE FACTS:

• In 2011, 41 million, or one of every eight Americans were 65 and older.
• By the year 2030, the older population will be 71.5 million.
• The 85 and over population is projected to increase from 4.6 million reported in 2002, to 9.6 million in 2030.
• More than half the women and a third of men who reach the age 65 will spend time in a nursing home.
• 70 % of people who are 65 or over will require long-term care during their lives. Half will stay in a facility six months or less, while the other half will stay an average of two and a half years.
• In Massachusetts, nursing homes cost between $10,000 to $15,000

a month, or $120,000 to $180,000 a year.
• Approximately 163,000 Massachusetts households, or 6.4% of the population, will be subject to an estate tax at death.

THE ISSUE:

The catastrophic costs of long-term care can devastate your assets during your life and estate taxes can impact your heirs at your death.

THE SOLUTION:

This workshop discusses asset preservation strategies designed to protect your wealth during your life and upon your passing. Attorneys from Oalican Law Group, LLC, a nationally-recognized firm specializing in asset preservation strategies will discuss various topics including:

• The Differences between the Medicare and Medicaid (a/k/a “MassHealth”) Programs.
• Protecting Your Home from a Medicaid Lien.
• Strategies to Protect Life Savings from High Costs of Long-Term Care.
• Minimizing or Eliminating the Massachusetts Estate Tax.

For more information contact Laura Lombard at llombard@sssb.com or (781) 682-3715.