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An Inheritance Could Threaten Your Medicaid Eligibility

Posted by Daniel J. Eccher Esq. | Mar 26, 2020 | 0 Comments

Say your spouse is living in a nursing home and currently receiving Medicaid benefits to pay for the high cost of that care. If you were to pass before your spouse, you wouldn’t want your spouse to inherit all your life savings. Inheriting all of your life savings would jeopardize your spouse’s Medicaid benefits, and that is not what you want to see happen.

The Biggest Question in Medicaid Planning

Posted by Daniel J. Eccher Esq. | Mar 17, 2020 | 0 Comments

People work hard all their lives to own a home, and it is often their most valuable and significant possession. So when health begins to fail and the need for long-term care arises, we often get this fear-filled question from our clients: will the state take away my home?

What the 2020s Hold for Baby Boomers

Posted by Daniel J. Eccher Esq. | Feb 19, 2020 | 0 Comments

The baby boom generation is comprised of those Americans born 1946-1964, and according to the US Census Bureau (Bureau of Census), their numbers are estimated to be 73 million strong. Their estate planning should take into account their unique circumstances.

What to Consider About Gift Taxes

Posted by Daniel J. Eccher Esq. | Feb 11, 2020 | 0 Comments

The gift tax is a tax on the transfer of assets, cash or property, to another without receiving something of equal value. The asset has to be of a certain value for the tax to apply; otherwise, it falls under the gift tax exclusion, either annual or lifetime. If the gift is above a certain value, you will have to fix out a tax form, but you may still be able to avoid the tax.

Risks of Gift-Giving While on Medicaid

Posted by Daniel J. Eccher Esq. | Jan 28, 2020 | 0 Comments

Mabel's children were concerned that Mabel would need long-term nursing-home care in the near future. It was the holidays, and Mabel always got a lot of joy out of giving gifts. But her children had heard that people in Mabel's circumstances should not give gifts. The concern is real.

What to Consider When Caregiving for an Aging Parent

Posted by Daniel J. Eccher Esq. | Jan 07, 2020 | 0 Comments

It is essential to bring up a parent's aging expectations and set goals together even though initial discussions may be uncomfortable. Often, an exploration into a parent’s future thoughts about health, finances, and residential plans can make the difference between reacting to a crisis or following an established plan that can bring both the parent and their children peace of mind. The sooner an identified caregiver begins a dialogue, the better the outcome for all involved.

Clarifying Social Security for the Millennial Generation

Posted by Daniel J. Eccher Esq. | Dec 31, 2019 | 0 Comments

When the US federal government established its social insurance program on August 14, 1935, its purpose was to provide retirement, disability, and survivors’ benefits. Since that time, in part due to the disappearance of extended family networks, an increase in population, and a profound increase in life expectancy, it has become challenging for the Social Security Administration (SSA) to maintain the benefits promised to Americans.

Caring for an Elderly Parent

Posted by Daniel J. Eccher Esq. | Dec 22, 2019 | 0 Comments

Aging is something you cannot escape, and it affects all family systems. It can be challenging for adult children to imagine their parents as seniors and to understand and respond to the reality that each parent will age differently.

The Importance of Estate Planning

Posted by Daniel J. Eccher Esq. | Dec 03, 2019 | 0 Comments

When it comes to establishing wills and estate plans, older Americans outpace their younger counterparts. Still, a significant number — 19 percent of those over age 72 and 42 percent of those between 53 and 71, according to survey data — lack any type of estate plan.

Demystifying Estate Law “Legalese”

Posted by Daniel J. Eccher Esq. | Jan 15, 2019 | 0 Comments

Many people – even lawyers – have trouble understanding some of the vocabulary of trusts and estates law. The basic documents are these three: Will (sometimes called one's “Last Will and Testament), Power of Attorney, and Advanced Health Care Directive. Each document has unique but similar roles within them.

Effect of Pre-marital Agreements on Estate Planning

Posted by Tavis R. Hasenfaus | Sep 18, 2018 | 0 Comments

The most beneficial part of a premarital agreement is that it creates a mutual contractual relationship that sets in stone the proprietary rules, during the marriage and after the marriage. It is a document that can be referred to find a definitive answer on every aspect of the family’s assets, much like an operating agreement can be referred to when questions arise regarding the operation of an LLC. It provides predictability, in a very unpredictable world.

Is the Estate Properly Insured?

Posted by Daniel J. Eccher Esq. | Jul 26, 2018 | 0 Comments

A recent Maine Supreme Judicial Court decision should serve as a cautionary tale to beneficiaries of any estate involving real estate. Make sure any improvements on the real estate that are part of the estate are properly insured and don't assume that it is.

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Areas We Serve

Our office is in Winthrop, Maine, located approximately 10 miles from Augusta, and 17 miles from Lewiston. We are also available by appointment to meet in the Brunswick/Topsham area and the Waterville area.