﻿<?xml version="1.0" encoding="utf-8"?><rss xmlns:itunes="http://www.itunes.com/dtds/podcast-1.0.dtd" xmlns:content="http://purl.org/rss/1.0/modules/content/" xmlns:dc="http://purl.org/dc/elements/1.1/" version="2.0"><channel><ttl>60</ttl><title>Estate and Asset Protection Planning Law Office Serving Boston, Plymouth and Metrowest, MA</title><link>http://blog.mbakerlaw.com</link><lastBuildDate>Mon, 06 Sep 2010 22:51:42 GMT</lastBuildDate><pubDate>Mon, 06 Sep 2010 22:51:42 GMT</pubDate><language>en</language><copyright /><itunes:subtitle> </itunes:subtitle><itunes:author /><itunes:summary /><description /><itunes:owner><itunes:name /><itunes:email>info@mbakerlaw.com</itunes:email></itunes:owner><itunes:explicit>no</itunes:explicit><itunes:category text="Arts" /><item><title>Elder Law, Estate Planning, Asset Protection and Business Law Services Firm Expands to South Shore, MA</title><link>http://blog.mbakerlaw.com/2010/05/19/elder-law-estate-planning-asset-protection-and-business-law-services-firm-expands-to-south-shore.aspx?ref=rss</link><dc:creator>MBakerlaw.com</dc:creator><description>&lt;p style="margin: 0in 0in 0pt;" class="MsoNormal"&gt;&lt;b style="mso-bidi-font-weight: normal;"&gt;&lt;span style="font-family: 'arial','sans-serif';"&gt;The Latest Edition to the Law Offices of Michael T. Baker: &lt;st1:City w:st="on"&gt;&lt;st1:place w:st="on"&gt;Hingham&lt;/st1:place&gt;&lt;/st1:City&gt;&lt;o:p&gt;&lt;/o:p&gt;&lt;/span&gt;&lt;/b&gt;&lt;/p&gt;
&lt;p style="margin: 0in 0in 0pt;" class="MsoNormal"&gt;&lt;span style="font-family: 'arial','sans-serif';"&gt;&lt;o:p&gt; &lt;/o:p&gt;&lt;/span&gt;&lt;/p&gt;
&lt;p style="margin: 0in 0in 0pt;" class="MsoNormal"&gt;&lt;span style="font-family: 'arial','sans-serif';"&gt;We here at the Law Offices of Michael T. Baker are happy to announce that we’ve expanded our locations to include our new office in Hingham.&lt;span style="mso-spacerun: yes;"&gt;  &lt;/span&gt;The &lt;st1:City w:st="on"&gt;&lt;st1:place w:st="on"&gt;Hingham&lt;/st1:place&gt;&lt;/st1:City&gt; office now joins our &lt;st1:City w:st="on"&gt;&lt;st1:place w:st="on"&gt;Plymouth&lt;/st1:place&gt;&lt;/st1:City&gt; office in the South Shore, as well as our MetroWest location in &lt;st1:place w:st="on"&gt;&lt;st1:City w:st="on"&gt;Holliston&lt;/st1:City&gt;, &lt;st1:State w:st="on"&gt;Massachusetts&lt;/st1:State&gt;&lt;/st1:place&gt;.  Located at 101 Derby Street, Suite 203, Hingham, Massachusetts, the office is convenient to Boston and many South Shore locations including Quincy, Braintree, Weymouth, Norwell, Cohasset and Scituate.&lt;/span&gt;&lt;/p&gt;
&lt;p style="margin: 0in 0in 0pt;" class="MsoNormal"&gt;&lt;span style="font-family: 'arial','sans-serif';"&gt;&lt;o:p&gt; &lt;/o:p&gt;&lt;/span&gt;&lt;/p&gt;
&lt;p style="margin: 0in 0in 0pt;" class="MsoNormal"&gt;&lt;span style="font-family: 'arial','sans-serif';"&gt;Specializing in elder law, estate planning, asset protection and an array of business law services, the Law Offices of Michael T. Baker offer years of experience and familiarity with everything from prenuptial agreements, irrevocable trusts to Medicaid applications.&lt;span style="mso-spacerun: yes;"&gt;  &lt;/span&gt;To learn more about our legal services and expertise in elder law, trust, will and estate administration, estate planning, business planning, premarital agreements, health care proxies, durable powers of attorney, guardianships and conservatorships. &lt;b style="mso-bidi-font-weight: normal;"&gt;&lt;a href="http://www.mbakerlaw.com/Contact-Us.html"&gt;&lt;span style="color: #0000ff;"&gt;Contact us&lt;/span&gt;&lt;/a&gt; &lt;/b&gt;today for a complimentary initial consultation or visit our &lt;b style="mso-bidi-font-weight: normal;"&gt;&lt;a href="http://www.mbakerlaw.com/Contact-Us.html"&gt;&lt;span style="color: #0000ff;"&gt;homepage&lt;/span&gt;&lt;/a&gt;&lt;/b&gt; for more information.&lt;span style="mso-spacerun: yes;"&gt;  &lt;/span&gt;&lt;o:p&gt;&lt;/o:p&gt;&lt;/span&gt;&lt;/p&gt;</description><category>elder law</category><category>durable powers of attorney</category><category>business planning</category><category>health care proxies</category><category>estate planning</category><category>premarital agreements</category><category>irrevocable trusts</category><category>trust</category><category>will and estate administration</category><category>guardianships and conservators</category><comments>http://blog.mbakerlaw.com/2010/05/19/elder-law-estate-planning-asset-protection-and-business-law-services-firm-expands-to-south-shore.aspx#Comments</comments><guid isPermaLink="false">a802bcf2-94f4-4945-b569-43c959c65fb8</guid><pubDate>Wed, 19 May 2010 19:21:00 GMT</pubDate></item><item><title>An Introduction to Massachusetts Probate Law and Estate Probate Services</title><link>http://blog.mbakerlaw.com/2010/03/31/an-introduction-to-massachusetts-probate-law-and-estate-probate-services.aspx?ref=rss</link><dc:creator>MBakerlaw.com</dc:creator><description>&lt;p style="margin: 0in 0in 0pt;"&gt;&lt;strong&gt;&lt;span&gt;&lt;a href="http://www.mbakerlaw.com/Probate-Attorney-Answers-Questions-on-Massachusetts-Probate.html"&gt;&lt;span style="color: #0000ff; font-weight: normal;"&gt;&lt;/span&gt;&lt;/a&gt;&lt;/span&gt;&lt;/strong&gt;&lt;b&gt;Introduction to Probate Law and Estate Administration Services&lt;/b&gt;&lt;/p&gt;
&lt;p style="margin: 0in 0in 0pt;"&gt; &lt;/p&gt;
&lt;p style="margin: 0in 0in 0pt;"&gt;&lt;span&gt;As the division of law practice that concerns the distribution of wills and inheritance, probate law has an awful lot of terms to deal with that may be confusing or foreign to those working with a probate lawyer for the first time.  &lt;a href="http://www.mbakerlaw.com/Probate-Attorney-Answers-Questions-on-Massachusetts-Probate.html%5d"&gt;&lt;span style="color: #0000ff;"&gt;We’ve compiled a list of&lt;b&gt; FAQs&lt;/b&gt;&lt;/span&gt;&lt;/a&gt; regarding probate laws and estate procedures, but below are a few facts about probate law that’ll give you the basic information you’re looking for.&lt;br /&gt;
&lt;/span&gt;&lt;/p&gt;
&lt;p style="margin: 0in 0in 0pt;"&gt; &lt;/p&gt;
&lt;p style="margin: 0in 0in 0pt;"&gt;&lt;b&gt;&lt;span&gt;&lt;br /&gt;
How Probate Law is practiced in Massachusetts&lt;/span&gt;&lt;/b&gt;&lt;/p&gt;
&lt;p style="margin: 0in 0in 0pt;"&gt; &lt;/p&gt;
&lt;p style="margin: 0in 0in 0pt;"&gt;Identifying and gathering the deceased’s probate property, paying debts, taxes, and the expenses of administering the estate, and distributing the remaining assets to those persons, trusts and organizations designated in a valid last will and testament is what falls under the jurisdiction of probate law in Massachusetts.  Probate law ensures that certain procedures are followed properly as the financial affairs of the deceased are finalized.&lt;/p&gt;
&lt;p style="margin: 0in 0in 0pt;"&gt; &lt;/p&gt;
&lt;p style="margin: 0in 0in 0pt;"&gt;&lt;b&gt;Who deals with Probate Law, exactly, and what are the duties of administrators, executors etc?&lt;br /&gt;
&lt;/b&gt;The difference between an executor and an administrator lies solely within the last will and testament of the deceased: If the deceased nominated someone as an executor, that person is typically appointed, and if no last will and testament is involved in the financial matters of the deceased that person is an administrator.&lt;/p&gt;
&lt;p&gt;&lt;span&gt;The terms “executor” or “administrator” aren’t exclusive to Massachusetts probate law, though in other states these roles are sometimes referred to as a personal representative.  Once appointed, the executor, administrator or personal representative performs a number of functions, including safeguarding the decedent’s probate assets, file income and estate tax returns and hire attorneys, appraisers and investment advisors to assist with administration of the estate.&lt;strong&gt; &lt;/strong&gt;&lt;/span&gt;&lt;/p&gt;
&lt;p&gt;&lt;strong&gt;&lt;span&gt;&lt;a href="http://www.mbakerlaw.com/Probate-Attorney-Answers-Questions-on-Massachusetts-Probate.html"&gt;&lt;span style="color: #0000ff; font-weight: normal;"&gt;For more information on Probate Law and additional answers to FAQs, visit our Probate Law page.&lt;/span&gt;&lt;/a&gt;&lt;/span&gt;&lt;/strong&gt;&lt;/p&gt;</description><comments>http://blog.mbakerlaw.com/2010/03/31/an-introduction-to-massachusetts-probate-law-and-estate-probate-services.aspx#Comments</comments><guid isPermaLink="false">bac32868-1b66-4b72-be4f-cd4ca1c265c1</guid><pubDate>Wed, 31 Mar 2010 16:19:25 GMT</pubDate></item><item><title>At-Home Care: Personal Care Programs as Other Alternatives through Senior MassHealth</title><link>http://blog.mbakerlaw.com/2010/01/14/athome-care-personal-care-programs-as-other-alternatives-through-senior-masshealth.aspx?ref=rss</link><dc:creator>MBakerlaw.com</dc:creator><description>&lt;P style="MARGIN: 0in 0in 0pt" class=MsoNormal&gt;&lt;SPAN style="FONT-FAMILY: 'Arial','sans-serif'; mso-bidi-font-family: 'Times New Roman'"&gt;&lt;FONT size=3&gt;Looking for help, but not ready to make the transition to nursing home life just yet? If you qualify for senior MassHealth benefits and you’re interested in alternatives to nursing home care, various personal care options are available.&lt;SPAN style="mso-spacerun: yes"&gt;&amp;nbsp; &lt;/SPAN&gt;Assisting MassHealth members with Activities of Daily Living (ADLs), the MassHealth Personal Care Attendant (PCA) Program is one designed for those who are seeking help at home without relying on the services provided by assisted living facilities or nursing homes. &lt;SPAN style="mso-spacerun: yes"&gt;&amp;nbsp;&lt;/SPAN&gt;ADLs, such as dressing, bathing, grooming, eating, and various mobility needs and transfers can all be made easier through the assistance of a Personal Care Attendant provided through MassHealth’s PCA program. &lt;SPAN style="mso-spacerun: yes"&gt;&amp;nbsp;&lt;/SPAN&gt;PCAs can also help senior MassHealth members with Instrumental Activities of Daily Living (IADLs), such as shopping, housekeeping, doing laundry and meal preparation. &lt;o:p&gt;&lt;/o:p&gt;&lt;/FONT&gt;&lt;/SPAN&gt;&lt;/P&gt;
&lt;P style="MARGIN: 0in 0in 0pt" class=MsoNormal&gt;&lt;SPAN style="FONT-FAMILY: 'Arial','sans-serif'; mso-bidi-font-family: 'Times New Roman'"&gt;&lt;o:p&gt;&lt;FONT size=3&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/o:p&gt;&lt;/SPAN&gt;&lt;/P&gt;
&lt;P style="MARGIN: 0in 0in 0pt" class=MsoNormal&gt;&lt;SPAN style="FONT-FAMILY: 'Arial','sans-serif'; mso-bidi-font-family: 'Times New Roman'"&gt;&lt;FONT size=3&gt;Interested in finding out if you’re eligible for MassHealth’s PCA Program?&lt;SPAN style="mso-spacerun: yes"&gt;&amp;nbsp; &lt;/SPAN&gt;Here are MassHealth’s PCA requirements for eligibility:&lt;o:p&gt;&lt;/o:p&gt;&lt;/FONT&gt;&lt;/SPAN&gt;&lt;/P&gt;
&lt;P style="MARGIN: 0in 0in 0pt" class=MsoNormal&gt;&lt;SPAN style="FONT-FAMILY: 'Arial','sans-serif'; mso-bidi-font-family: 'Times New Roman'"&gt;&lt;o:p&gt;&lt;FONT size=3&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/o:p&gt;&lt;/SPAN&gt;&lt;/P&gt;
&lt;P style="MARGIN: 0in 0in 0pt" class=MsoNormal&gt;&lt;SPAN style="FONT-FAMILY: 'Arial','sans-serif'; mso-bidi-font-family: 'Times New Roman'"&gt;&lt;FONT size=3&gt;-You must be eligible for MassHealth Standard or CommonHealth&lt;o:p&gt;&lt;/o:p&gt;&lt;/FONT&gt;&lt;/SPAN&gt;&lt;/P&gt;
&lt;P style="MARGIN: 0in 0in 0pt" class=MsoNormal&gt;&lt;SPAN style="FONT-FAMILY: 'Arial','sans-serif'; mso-bidi-font-family: 'Times New Roman'"&gt;&lt;FONT size=3&gt;-You have a permanent or chronic disability preventing you from performing daily activities without physical assistance from someone&lt;o:p&gt;&lt;/o:p&gt;&lt;/FONT&gt;&lt;/SPAN&gt;&lt;/P&gt;
&lt;P style="MARGIN: 0in 0in 0pt" class=MsoNormal&gt;&lt;SPAN style="FONT-FAMILY: 'Arial','sans-serif'; mso-bidi-font-family: 'Times New Roman'"&gt;&lt;FONT size=3&gt;-You require physical assistance with two or more daily activities&lt;o:p&gt;&lt;/o:p&gt;&lt;/FONT&gt;&lt;/SPAN&gt;&lt;/P&gt;
&lt;P style="MARGIN: 0in 0in 0pt" class=MsoNormal&gt;&lt;SPAN style="FONT-FAMILY: 'Arial','sans-serif'; mso-bidi-font-family: 'Times New Roman'"&gt;&lt;FONT size=3&gt;-You have a prescription from your doctor for PCA services&lt;o:p&gt;&lt;/o:p&gt;&lt;/FONT&gt;&lt;/SPAN&gt;&lt;/P&gt;
&lt;P style="MARGIN: 0in 0in 0pt" class=MsoNormal&gt;&lt;SPAN style="FONT-FAMILY: 'Arial','sans-serif'; mso-bidi-font-family: 'Times New Roman'"&gt;&lt;FONT size=3&gt;-You obtain prior authorization for PCA services from MassHealth, its designee (Community Case Management, or CCM) or the Massachusetts Commission for the Blind (MC&lt;img src="http://blog.mbakerlaw.com/emoticons/cool.png" border="0" /&gt;&lt;o:p&gt;&lt;/o:p&gt;&lt;/FONT&gt;&lt;/SPAN&gt;&lt;/P&gt;
&lt;P style="MARGIN: 0in 0in 0pt" class=MsoNormal&gt;&lt;SPAN style="FONT-FAMILY: 'Arial','sans-serif'; mso-bidi-font-family: 'Times New Roman'"&gt;&lt;o:p&gt;&lt;FONT size=3&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/o:p&gt;&lt;/SPAN&gt;&lt;/P&gt;
&lt;P style="MARGIN: 0in 0in 0pt" class=MsoNormal&gt;&lt;SPAN style="FONT-FAMILY: 'Arial','sans-serif'; mso-bidi-font-family: 'Times New Roman'"&gt;&lt;FONT size=3&gt;When it comes to legal logistics, nursing home plans and assisted living programs, such as MassHealth’s PCA Program, all fall under the jurisdiction of elder law.&lt;SPAN style="mso-spacerun: yes"&gt;&amp;nbsp; &lt;/SPAN&gt;The Law Offices of Michael T. Baker can help when it comes to planning for and financing PCA care.&lt;SPAN style="mso-spacerun: yes"&gt;&amp;nbsp; &lt;/SPAN&gt;&lt;A href="http://www.mbakerlaw.com/Contact-Us.html"&gt;Contact us today &lt;/A&gt;if you have questions regarding MassHealth PCA and other programs that’ll help you or your loved ones make it through the day at home, as our firm may be able to assist you with becoming eligible for Standard MassHealth.&lt;/FONT&gt;&lt;/SPAN&gt;&lt;/P&gt;</description><category>Elder Law</category><category>Community MassHealth</category><comments>http://blog.mbakerlaw.com/2010/01/14/athome-care-personal-care-programs-as-other-alternatives-through-senior-masshealth.aspx#Comments</comments><guid isPermaLink="false">86e55e06-748b-4c10-9c6d-8e760e2c4de2</guid><pubDate>Thu, 14 Jan 2010 19:19:00 GMT</pubDate></item><item><title>The Ins and Outs of Elder Law: Know Your Elder Law Issues</title><link>http://blog.mbakerlaw.com/2010/01/04/the-ins-and-outs-of-elder-law-know-your-elder-law-issues.aspx?ref=rss</link><dc:creator>MBakerlaw.com</dc:creator><description>&lt;SPAN style="FONT-FAMILY: Arial"&gt;&lt;FONT size=3&gt;&lt;o:p&gt; 
&lt;P style="MARGIN: 0in 0in 0pt" class=MsoNormal&gt;&lt;SPAN style="FONT-FAMILY: Arial"&gt;&lt;FONT size=3&gt;Developing care plans for retirees, thinking along the lines of long term care while planning for the future, making sure that you find the right program that’ll help you or your loved one receive care in the home or a facility: These are all elder law issues that can make difficult decisions an even bigger challenge.&lt;SPAN style="mso-spacerun: yes"&gt;&amp;nbsp; &lt;/SPAN&gt;It’s important to have someone in your corner with experience in these areas who knows the lingo common place in elder law, and an elder law attorney is a valuable resource that can help make sense of important documents, government programs terms, and develop a long term care plan.&lt;o:p&gt;&lt;/o:p&gt;&lt;/FONT&gt;&lt;/SPAN&gt;&lt;/P&gt;
&lt;P style="MARGIN: 0in 0in 0pt" class=MsoNormal&gt;&lt;SPAN style="FONT-FAMILY: Arial"&gt;&lt;o:p&gt;&lt;FONT size=3&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/o:p&gt;&lt;/SPAN&gt;&lt;/P&gt;
&lt;P style="MARGIN: 0in 0in 0pt" class=MsoNormal&gt;&lt;SPAN style="FONT-FAMILY: Arial"&gt;&lt;FONT size=3&gt;As an elder law attorney, the Law Offices of Michael T. Baker can help when it comes to answering the tough questions and figuring out the next step for your unique elder law proceedings.&lt;SPAN style="mso-spacerun: yes"&gt;&amp;nbsp; &lt;/SPAN&gt;On our &lt;A href="http://www.mbakerlaw.com/Elder-Law.html"&gt;&lt;SPAN style="COLOR: red"&gt;Elder Law&lt;/SPAN&gt;&lt;I style="mso-bidi-font-style: normal"&gt; &lt;/I&gt;page&lt;/A&gt;, we have detailed explanations for Medicaid law, which is known as &lt;SPAN style="mso-spacerun: yes"&gt;&amp;nbsp;&lt;/SPAN&gt;MassHealth in Massachusetts, to various aspects of elder care law that are frequently overlooked, like personal care contracts and asset planning.&lt;SPAN style="mso-spacerun: yes"&gt;&amp;nbsp; &lt;/SPAN&gt;We have recently added a page regarding Veteran’s benefits as a resource to Veterans, widows, and families.&lt;o:p&gt;&lt;/o:p&gt;&lt;/FONT&gt;&lt;/SPAN&gt;&lt;/P&gt;
&lt;P style="MARGIN: 0in 0in 0pt" class=MsoNormal&gt;&lt;SPAN style="FONT-FAMILY: Arial"&gt;&lt;o:p&gt;&lt;FONT size=3&gt;&amp;nbsp;&lt;/FONT&gt;&lt;/o:p&gt;&lt;/SPAN&gt;&lt;/P&gt;
&lt;P style="MARGIN: 0in 0in 0pt" class=MsoNormal&gt;&lt;SPAN style="FONT-FAMILY: Arial"&gt;&lt;FONT size=3&gt;Check out our &lt;A href="http://www.mbakerlaw.com/FAQs-Questions-about-Elder-Law.html"&gt;&lt;SPAN style="COLOR: red"&gt;Elder Law FAQs&lt;/SPAN&gt; &lt;/A&gt;to read up on elder law issues that can directly affect you and your loved ones.&lt;SPAN style="mso-spacerun: yes"&gt;&amp;nbsp; &lt;/SPAN&gt;Feel free to &lt;A href="http://www.mbakerlaw.com/Contact-Us.html"&gt;&lt;SPAN style="COLOR: red"&gt;Contact Us&lt;/SPAN&gt; &lt;/A&gt;at if you have any questions, and as always, we’re here to help you with your elder law and long term care planning needs!&lt;o:p&gt;&lt;/o:p&gt;&lt;/FONT&gt;&lt;/SPAN&gt;&lt;/P&gt;&lt;/o:p&gt;&lt;/FONT&gt;&lt;/SPAN&gt;</description><category>Plymouth and South Shore Boston Massachusetts elder care attorney</category><category>Framingham</category><comments>http://blog.mbakerlaw.com/2010/01/04/the-ins-and-outs-of-elder-law-know-your-elder-law-issues.aspx#Comments</comments><guid isPermaLink="false">801448c1-e6ac-41de-ac75-758d2316f4ce</guid><pubDate>Mon, 04 Jan 2010 14:55:00 GMT</pubDate></item><item><title>Attorney Serving the South Shore with New Office in Plymouth MA</title><link>http://blog.mbakerlaw.com/2009/06/10/attorney-serving-the-south-shore-with-new-office-in-plymouth-ma.aspx?ref=rss</link><dc:creator>MBakerlaw.com</dc:creator><description>The Law Offices of Michael T. Baker is pleased to announce the opening of a new office in Plymouth, Massachusetts.&amp;nbsp; In addition to our MetroWest Boston Massachusetts office in Holliston. The firm&amp;nbsp;has expanded its service area&amp;nbsp;to&amp;nbsp;clients living on the South Shore and Cape Cod, with an additional office&amp;nbsp;located at 36 Cordage Park Circle, Suite 222, Plymouth, Massachusetts 02360.&amp;nbsp; &lt;br&gt;&lt;br&gt;The Law Offices of Michael T. Baker&amp;nbsp;specialize in estate planning, elder law, asset protection and business law services tailored to&amp;nbsp;each client’s particular needs and wishes.&amp;nbsp;&amp;nbsp;As part of our&amp;nbsp;estate planning services,&amp;nbsp;the firm regularly assists clients&amp;nbsp;to plan for their growing&amp;nbsp;families and develop asset protection strategies for high risk professionals and elders concerned&amp;nbsp;about&amp;nbsp;the costs of long-term care depleting their estate.&amp;nbsp; Our business advisory services assist entreprenuers with selecting the appropriate business structure and developing an plan to exit a business.&amp;nbsp;&amp;nbsp;&lt;a href="http://www.mbakerlaw.com"&gt;Click on this link to visit the firm's home page and for more on the legal services offered.&lt;/a&gt;&amp;nbsp;&amp;nbsp; 
&lt;p class="mt20 tollFree"&gt;Use the following phone numbers to contact the firm:&lt;br&gt;&lt;strong&gt;Toll Free: 800.701.0352&lt;/strong&gt; &lt;br&gt;Tel: 508.429.6000 ext. 13&lt;/p&gt;
&lt;p &gt;&lt;br&gt;&lt;br&gt;&lt;br&gt;&amp;nbsp;&lt;/p&gt;</description><comments>http://blog.mbakerlaw.com/2009/06/10/attorney-serving-the-south-shore-with-new-office-in-plymouth-ma.aspx#Comments</comments><guid isPermaLink="false">c98d142b-4c23-4315-afcf-ce95ace65614</guid><pubDate>Thu, 11 Jun 2009 01:56:00 GMT</pubDate></item><item><title>A Beneficiary Designation: An Important Part of Your Estate Plan</title><link>http://blog.mbakerlaw.com/2009/03/19/a-beneficiary-designation-an-important-part-of-your-estate-plan.aspx?ref=rss</link><dc:creator>MBakerlaw.com</dc:creator><description>&lt;P&gt;With tax season upon us, many are considering the benefits of making contributions to retirement accounts.&amp;nbsp; When completing an IRA account application for your 2009 IRA contribution, closely consider the impact of whose name you place in the primary and contingent beneficiary slots.&amp;nbsp; &lt;BR&gt;&lt;BR&gt;The disposition of your estate is based on the decisions that you make during your lifetime, and selecting a primary and contingent beneficiary of your IRA and even life insurance may not be as simple as it may appear.&amp;nbsp; &lt;BR&gt;&lt;BR&gt;As natural heirs to ones estate, children, grandchildren, parents&amp;nbsp;siblings and nieces and nephews are often named as primary or contingent beneficiaries of&amp;nbsp;their IRAs&amp;nbsp;and life insurance.&amp;nbsp; If they are minors, this well intended designation may not go as smoothly as one may expect.&amp;nbsp; The custodian or life insurance company, depending on the value of the account or policy, is not likely to pay the benefit&amp;nbsp;until a formal guardianship is established over the minor's property.&amp;nbsp; This is true even when a parent is caring for the beneficiary.&amp;nbsp; &lt;BR&gt;&lt;BR&gt;Significant consideration should also be given to the risk of naming an aging parent or sibling as an heir to one's estate --&amp;nbsp;whether in a last will and testament or by way of a beneficiary designation.&amp;nbsp; If you leave property to a senior citizen or retiree, who at a later date needs Medicaid (MassHealth&amp;nbsp;&amp;nbsp;in Massachusetts)&amp;nbsp; to pay for long-term care services, the asset is likely to be&amp;nbsp;at risk.&amp;nbsp; &lt;BR&gt;&lt;BR&gt;Again the issues presented here are not limited to beneficiary designations, similar issues arise when leaving property to a minor in a last will and testament or&amp;nbsp;to a special needs or disabled person.&amp;nbsp;&amp;nbsp; &lt;BR&gt;&lt;BR&gt;To learn more on guardianships, &lt;A href="http://www.mbakerlaw.com/guardianship.html"&gt;click here&lt;/A&gt;&amp;nbsp;or for more information on planning for elders, &lt;A href="http://www.mbakerlaw.com/Elder-Law.html"&gt;click here&lt;/A&gt;.&lt;/P&gt;</description><category>IRA Life Insurance Beneficiary designation estate planning</category><comments>http://blog.mbakerlaw.com/2009/03/19/a-beneficiary-designation-an-important-part-of-your-estate-plan.aspx#Comments</comments><guid isPermaLink="false">f2520799-3f73-40d5-b95b-8600816e02e5</guid><pubDate>Fri, 20 Mar 2009 02:32:00 GMT</pubDate></item><item><title>Welcome</title><link>http://blog.mbakerlaw.com/2009/03/18/welcome.aspx?ref=rss</link><dc:creator>MBakerlaw.com</dc:creator><description>Welcome to my blog. Please check back soon for new entries.</description><comments>http://blog.mbakerlaw.com/2009/03/18/welcome.aspx#Comments</comments><guid isPermaLink="false">56b83556-2a03-445e-a1f3-f2a3407a4427</guid><pubDate>Wed, 18 Mar 2009 17:53:22 GMT</pubDate></item></channel></rss>