In Maine, the Medicaid benefit is administered by the Department of Health and Human Services (DHHS). It is called MaineCare. MaineCare helps pay for long-term care services for medically and financially eligible individuals. The MaineCare rules regarding long-term care are complex. They include: An asset limit for countable assets A five-year look-back period Transfer penalties…
What is Long Term Care? And Why Should We Plan For It? What is Long Term Care? Long term care happens in that phase of life when a person can no longer manage his day-to-day activities without someone else’s assistance; that “helper” is often referred to as a caregiver.The caregiver’s services might take…
There’s an important development on the horizon that could affect your estate plans in 2024 and beyond. We’re talking about a potential shift in how life insurance policies designed for repurchasing company stock are interpreted, and it’s worth your attention. Imagine this scenario: You’ve arranged a life insurance policy specifically aimed at facilitating the transfer…
While estate planning is a personalized process that is impacted by each individual’s unique family and financial circumstances, there are some questions that estate planners are asked, again and again, by a majority of our clients. Here are some of the questions I hear most often: Will my estate need to go through probate after…
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The Graham Building
84 Harlow Street
P.O. Box 1401
Bangor, Maine 04402
Tel: 207-947-4501
140 High Street
P.O. Box 712
Ellsworth, ME 04605
Tel: 207-374-5833
Email: lawyers@rudmanwinchell.wpenginepowered.com
