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Selling a Home in Probate What You Need to Know

Probate proceedings in Massachusetts are governed by the Massachusetts Uniform Probate Code or MUPC. If there is real estate in the decedent’s estate, the Will may have designated that the property go to a certain heir or other beneficiary, or that the property be sold and the assets distributed equally or in whatever shares the decedent intended.

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Choosing the Trustee for Your Special Needs Trust

If you want to ensure that the needs of your loved one(s) with disabilities are provided for, you should consider establishing a special needs trust. The following provides some information about special needs trusts and the importance of choosing a proper trustee–
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Choosing the Trustee for Your Special Needs Trust

If you want to ensure that the needs of your loved one(s) with disabilities are provided for, you should consider establishing a special needs trust. The following provides some information about special needs trusts and the importance of choosing a proper trustee–

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The Difference Between Special and Supplemental Needs Trusts

Parents or caregivers who want to leave money to a loved one, child, or other family member with a disability may consider establishing a trust. However, how the trust is established is extremely important.  Those who are disabled and/or of limited income often qualify for government financial assistance, such as Medicaid or Supplemental Security Income (SSI) benefits, leaving money to a disabled loved one could result in disqualification of eligibility for these types of benefits.

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What You Need to Know About Planning and Gifting

As you age and plan for your estate and your health, how you will distribute and gift your assets is surely an important consideration. In addition to estate planning and gifting, how your taxes and gifts may affect your eligibility for MassHealth (a/k/a Medicaid) is essential to understand. Massachusetts estate planning lawyer Patricia Bloom-McDonald, can help you to understand how gifting may affect your eligibility, and what you can do to preserve your assets.

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