Fifty Plus Advocates

Cathleen H. Summers A study by the U.S. Department of Health and Human Services says, “people who reach age 65 will likely have a 40 percent chance of entering a nursing home. About 10 percent of the people who enter a nursing home will stay there five years or more. This year, about nine million [...]

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By Linda T. Cammuso When parents name a child in a will or trust, or list the child as a joint owner on an asset (e.g. a bank account) or as a beneficiary of life insurance or an IRA/401K, the asset becomes the child’s property upon the parent’s death. Today more than ever, parents are [...]

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By Linda T. Cammuso One of the primary reasons people procrastinate establishing a will or other estate plan documents is apprehension about the process. Whether it’s the unpleasantness of considering mortality or the burden of gathering information and making decisions, some people view estate planning as the legal equivalent of an invasive dental procedure. In [...]

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By Cathleen Summers According to a study by the U.S. Department of Health and Human Services, “people who reach age 65 will likely have a 40 percent chance of entering a nursing home. About 10 percent of the people who enter a nursing home will stay there five years or more. This year, about nine [...]

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By Linda T. Cammuso Failing to do an estate plan touches lives in ways that we often fail to imagine. So many people drag their feet when it comes to taking action to secure their futures and the results are often painful for them and for their families. We’ve often pondered why people procrastinate and [...]

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By Cathleen Summers When you apply for Medicaid (known as MassHealth in Massachusetts) to pay for nursing home costs for a parent or spouse, the state will look back to see if your loved one gave away any assets in the past five years. If no assets have been transferred, and the person otherwise qualifies [...]

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