This is the first of several case studies designed to give examples of how Massachusetts elder law attorneys protect assets. Sometimes, our asset protection lawyers work with families where one parent has died and the surviving parent is entering a nursing home. Mr. Davis is a typical case. Mr. Davis is 88 and suffered a […]
Read More »Funding a Special Needs Trust with Life Insurance
In an earlier posting, we provided an overview of the benefits of executing a Special Needs Trust, also known as a Supplemental Needs Trust (“SNT”) for a disabled child. However, a proper plan ensures that the trust is funded at the appropriate time. Put simply, any trust, if not properly funded, is just a pile […]
Read More »Special Needs Trust Planning in Massachusetts
Asset protection and wealth management for disabled persons is an important part of our elder law practice. The OLG blog contains several topical articles on special or “supplemental needs trusts”. For more information on Special Needs Trusts, follow this informative link: http://www.cnbc.com/id/102123679 Feel free to contact the elder law attorneys of Oalican Law Group with […]
Read More »Avoid the Hazards of Do-It-Yourself Estate Planning or Working with “Full-Service” Law Firms.
Good estate planning attorneys will never beat the fees online providers offer for estate planning documents. It is true that all estate planning attorneys use forms. Some law firms create their own forms, others purchase memberships to estate planning companies that provide template forms. And as noted above, online companies sell legal forms at low […]
Read More »Social Security Announces 1.7 Percent Benefit Increase for 2015 – Supplemental Needs Trusts Preserve SSI Benefits
Monthly Social Security and Supplemental Security Income (SSI) benefits will increase 1.7 percent in 2015. Changes are based on the increase in average wages. Based on that increase, the maximum amount of earnings subject to the Social Security tax will increase to $118,500 from $117,000. Of the estimated 168 million workers who pay Social Security […]
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