Solutions Law Group LLC.

Call Now To Uncover Your Personal Solutions

(617) 924-0300

Solutions Law Group LLC.

Blogs

What's a 529 Plan and What Are the Benefits to Using One?
  • By: Solutions Law Group LLC
  • Published: August 31, 2018

You may have seen commercials for them on television or heard advertisements for them on the radio. But what exactly is a 529 Plan anyway? In short, it's an education savings account; but there are different types and multiple benefits. There are also strict rules that need to be followed, which we will discuss in a future blog. For now, our American Academy of Estate Planning Attorneys colleague, Attorney Steve Hartnett, breaks down the basics in his latest blog. Click here to read on.Read More

THE A-B-C's of Medicaid Eligibility - Part 3: Liens & Estate Recovery
  • By: Solutions Law Group LLC
  • Published: August 31, 2018

This is part three in our series on Medicaid Eligibility. Part one spelled out the difference between Medicare and Medicaid. Part two looked at asset rules. Here we will discuss liens and estate recovery. LIENS AND ESTATE RECOVERY The state has the right to recover whatever benefits it paid for the care of the Medicaid recipient from his or her probate estate. Given the rules for Medicaid eligibility, the only property of substantial value that a Medicaid recipient is likely to own at death is his or her home. Under…Read More

THE A-B-C'S OF MEDICAID ELIGIBILITY - Part Two: The Asset Rules
  • By: Solutions Law Group LLC
  • Published: August 14, 2018

The basic rule of nursing home Medicaid eligibility is that an applicant, whether single or married, may have no more than $2,000 in "countable" assets in his or her name. "Countable" assets generally include all belongings except for (1) personal possessions, such as clothing, furniture, and jewelry, (2) one motor vehicle, (3) the applicant's principal residence (if it is in Massachusetts), and (4) assets that are considered inaccessible for one reason or another. The Home Generally, the home will not be considered a countable asset and, therefore, will not be…Read More

6 Important Estate Planning Considerations - Part 6: Taxes
  • By: Solutions Law Group LLC
  • Published: August 8, 2018

The following is the final installment of our American Academy of EState Planning Attorneys colleague, Steve Hartnett's 6 part series on important estate planning considerations. Here, Attorney Hartnett advises considering the tax implications when drafting your plan, outlining things for clients to consider for not just themselves - but also for potential beneficiaries. Click here to read more.Read More

THE A-B-C'S OF MEDICAID ELIGIBILITY - Part One: Medicaid & Medicare, What's the Difference?
  • By: Solutions Law Group LLC
  • Published: July 23, 2018

For all practical purposes, in the United States, the only government operated "insurance" plan for long-term institutional care is Medicaid. Medicare only pays for approximately 20 percent of skilled nursing care in the United States. Private Insurance pays substantially less. The result is that most people pay out of their own pockets for long term care until they become eligible for Medicaid. Medicaid and Medicare are often each confused for the other. Medicare is an entitlement which is paid into over the course of your working life through the Medicare Tax…Read More

6 Important Estate Planning Considerations - Part 5: Retirement Assets
  • By: Solutions Law Group LLC
  • Published: July 23, 2018

Many people spend the bulk of their working lives planning for retirement - others get a later start. In either case, tax-favored vehicles such as IRAs, Roth IRAs, 401(k)s, and other retirement plans often comprise a large portion of their planning. In part 5 of a 6-part series on important estate planning considerations, our American Academy of Estate Planning Attorneys colleague, Attorney Steve Hartnett, discusses proper handling of these assets for estate planning purposes. CLICK HERE TO READ ONRead More

Does your college checklist include planning for emergencies? Here's why it should, and how we can help.
  • By: Solutions Law Group LLC
  • Published: July 23, 2018

If you've got a child entering college, whether for the first time or not, chances are at least some of your summer is spent preparing your checklist of things to send them off with. It's often a hectic time, and it can be an emotional one as well. Making sure that checklist is comprehensive is key - and that includes planning for emergencies. If your child has turned 18, or will do so while away, you'll want to have a Healthcare Proxy and a Durable Power of Attorney in place.…Read More

Guidance From the Grave - How Much is Too Much?
  • By: Solutions Law Group LLC
  • Published: July 9, 2018

Many wills and trusts set forth conditions that must be met in order for beneficiaries to receive disbursements. While there are certainly cases in which this makes sense and is in the beneficiaries' best interest, there can also be instances in which the controls put in place hinder more than they help. We've likely all heard it said that the only constant in life is change. In this entry, our American Academy of Estate Planning Attorneys colleague, Attorney Steve Hartnett, lays out the ways that guidance from the grave can…Read More

Dangers of Online Legal Forms
  • By: Solutions Law Group LLC
  • Published: July 6, 2018

It seems that technology may be having an impact on every corner of the world in the 21st century; the legal arena is no exception. But when does "progress" cease to be positive? When automation aims to replace experienced advocates, what seem like "simple" solutions could cause serious complications for your estate. The online "do-it-yourself" legal options might appear to be a great idea. At Solutions Law Group LLC, we call them "Fast Food Documents". While they're much less expensive upfront than what an experienced attorney would charge for a detailed…Read More

6 Important Estate Planning Considerations - Part 4: Beneficiary Designations
  • By: Solutions Law Group LLC
  • Published: June 28, 2018

Beneficiary designations are meant to clearly define how assets are to be distributed upon the passing of the original asset holder. But there are potential pitfalls than can be encountered as one accumulates different kinds of assets over their lifetime. In this installment of his 6-part series on Estate Planning Considerations, our American Academy of Estate Planning Attorneys colleague, Attorney Steve Hartnett, examines some common snags that can occur, and how best to avoid them. Click HERE to read onRead More

Page 3 of 5:«12345»