A Section 529 Plan (named for the Internal Revenue Code establishing these accounts) may be a great way to not only help your children or grandchildren with their education but also could be a great estate planning tool. With a 529 plan, you initially fund it with a...
Estate Plan: The Biggest Mistakes to Avoid
Mistakes to avoid in an Estate Plan An estate plan is not something most people want to spend time on when thinking about the inevitable—our own mortality. If you don’t, however, you may be leaving a mess for your loved ones. It is not enough to just “make a plan.” It...
The “Estate Plan” for your Small Business
A Small Business Estate Plan By Liz Brown Just as you need estate planning documents to protect the future of your family, your small business needs an estate plan to take care of your business in the event of your death or disability. Unfortunately, too many small...
Medicaid Estate Recovery- Problems Of Expanded Medicaid
With Medicaid Estate Recovery, Expanded Medicaid Could Cost Some People their Inheritance As many of you know, the State of New Hampshire is allowed by federal law to file liens against property and to recover from the estates of Medicaid recipients who have died....
US Supreme Court: Inherited IRAs not safe from Bankruptcy!!!
Inherited IRAs cannot be used for bankruptcy protection The US Supreme Court recently ruled that inherited IRAs are not "retirement accounts" for purposes of bankruptcy protection. Normally, a tax qualified retirement account is not available to creditors in a...
Protection for Nursing Homes or a Danger to Relatives???
Protection for Nursing Homes? NH State Bill SB138_FN Last year, the New Hampshire legislature passed a bill known as SB 138_FN. This bill was effective July 2, 2013. This bill gives protection for nursing homes by allowing them and certain assisted living facilities...
New Hampshire Nursing Home Resident Transfer-Discharge Rights
Resident Transfer-Discharge Rights Constraints Recently, I have seen several cases of involuntary discharge of nursing home residents (and residents of Assisted Living Facilities.) NH Nursing homes have rules/laws to follow when it comes to resident transfer-discharge...
Culture Change in Nursing Homes
Culture Change There is a movement today in nursing homes called "Culture Change". This concept means different things to different people and the movement is not new- although the name is relatively new. Culture change in nursing homes goes back at least to the...
Choosing a Nursing Home – Protect Your Loved One
Choosing A Nursing Home for your Loved One Choosing a nursing home for a loved one is about as much fun as a root canal. The process usually starts late in the day, maybe on a Friday, when you get a call from the hospital telling you that your parent/grandparent is...