Similar Posts
Dealing With Debt After Death
Families face a number of challenges when a loved one dies. The last thing a grieving family member needs is to be bombarded with calls from creditors trying to collect the debts of the deceased relative. It happens, nonetheless. Fortunately, the obligation of repayment generally does not extend to the deceased debtor’s family members. Instead,…
Trusts: A Powerful Tool for Protecting Your Assets
Are you familiar with trusts? Rudman Winchell Attorney and Partner, Kristy Hapworth, recently presented at the 2023 Trust & Wealth Management Conference in Freeport, sponsored by the Maine Bankers Association. During her presentation, Kristy spoke about the benefits of trusts for clients with moderate wealth. We’ll provide a summary of her expertise, focusing on different…
Detecting Elder Abuse
For years, Maine has been the oldest state in the nation. Our median age has risen to 44.9. About 21.2% of the state population is 65 or older. Elder abuse is prevalent and especially difficult to detect because these individuals often are reluctant or unable to report abuse, whether financial or physical. Elderly individuals may excuse…
Medicaid Estate Recovery: Will the State Take my House?
There is a lot of misinformation and confusion surrounding estate recovery and the Maine Medicaid (MaineCare) long-term care benefit. One of the biggest fears we hear from aging Mainers is, “I don’t want the State to take my house.” That only happens in the context of a process called estate recovery. Estate recovery can only…