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Helping People Age with Dignity

trusts Archives

The cy pres doctrine may allow changes to your charitable trust

When you have spent your life in Massachusetts carefully managing your assets and planning for the future, you want to know that your intentions are carried out after your death. Setting up a trust to support a charity or charitable purpose should ensure that your passions continue to benefit from your donations. At Curley Law Firm LLP, we often explain how your charitable trust may fare in the years to come.

State high court issues ruling in MassHealth case

Among the benefits qualifying individuals can receive from MassHealth is financial help with the costs related to nursing home care. Getting nursing home care they need can be of great importance to an elderly person’s overall health and well-being. However, such care can cost a lot. So, what effects trusts and other things can have on one’s MassHealth eligibility can be a significant issue for the state’s elderly population.

Pet-related concerns in estate planning

Estate planning can be used to address a range of concerns elderly individuals have about the future. This includes concerns regarding their pets. A pet can be a very beloved companion. So, an elderly pet owner may care very much about putting protections in place to ensure their cherished companion is cared for in the future, whatever the future holds.

Elder financial abuse can impact whole families

The financial ramifications of elder financial abuse can be considerable. And the elderly victim of the abuse is not the only one that can suffer significant financial harm. The harm can spread out to affecting other members of their family. For one, it could impact family members who are their caregivers.

Elder care costs can rival the costs of raising a child

Big costs can arise for families in many different contexts. One such context is the care of an aging loved one. There are all kinds of costs, such as costs related to long-term care and expenses for less intensive forms of paid assistance, that might come up in connection to a person’s care needs as they get older. These costs can hit rather high levels. This can particularly be the case if a senior ends up developing a chronic condition or other things that create special added care needs. A recent Forbes article noted that the costs a senior and their family could face in relation to elder care could easily end up in the realm of hundreds of thousands of dollars.

Legislation introduced regarding fraud against the elderly

There are certain things that can vastly alter how a person’s retirement years go. One is if an elderly individual ends up being the victim of a fraud scam. Frauds targeting seniors can take a wide range of forms. Sometimes, such frauds are perpetrated by strangers, while other times they are done by a person an elderly individual is close to.