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Updates to the MaineCare Eligibility Rules Regarding Real Estate
The MaineCare program, administered by Maine’s Department of Health and Human Services, provides important medical and long-term care benefits to many Mainers. There are a variety of MaineCare benefits, based on the type of services and the basis for qualifying for benefits. DHHS encapsulates the rules for these subsets of the MaineCare program within the…
Important Developments Regarding the Laws on Delegation of Parental Rights
For various reasons, sometimes parents are unable to care for their children. For example, a child may be taking a trip out of state with a school or extracurricular program and an unrelated adult supervising the trip needs authority to make medical decisions if a problem arises. Other situations might be more long-term, such as…
Gift, Estate, and Generation-Skipping Transfer Tax Update: Estate Planning in 2022 and Beyond
The proposals in early versions of the Build Back Better Act had estate planners and American taxpayers on edge throughout 2021. While 2022 is well under way with no major legislative activity impacting gift and estate taxation, the sun continues to set on the $10 million estate tax basic exclusion amount under the temporary provisions…
What is Long-Term Care? Why Should We Plan for It?
I am often asked why we should worry about planning for long-term care. It is a good question. I think before we can talk about why we should talk about what. What is long-term care? We hear that phrase all over the place. What does it actually mean? Long-term care happens in that phase of life…
Prince may not have had a will. Don’t let this happen to you
The Artist Formerly Known as Prince, aka Prince Rogers Nelson, died on April 21, 2016, purportedly without a Last Will and Testament, or any estate plan, in place, according to documents filed by his sister Tyka Nelson in the probate division of a Minnesota District Court. If that proves to be the case, Prince joins…