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Do you Own Real Estate in States Other Than New Hampshire? Beware Probate costs!!

Most people do not realize that their estate might have to be probated more than once: once in New Hampshire because they are New Hampshire residents and once again in Massachusetts, Florida, Arizona or wherever they may own real estate. Some of those states can have very expensive Probate costs. Florida law, for example, allows […]

Nursing Home Costs and Protecting the At-Home Spouse

As a senior, there is a good chance that you, or your spouse if you are married, will need long-term care at some point. The Nursing Home Costs of that care will not be cheap. In fact, if you failed to plan ahead, your long-term care (LTC) costs could deplete your retirement nest egg in […]

The Family Vacation Home in Estate Planning

As the season for enjoying our lake or beach property is winding down, the issue of dealing with those properties in an estate plan may arise. The family vacation home is sometimes a very tough estate planning challenge. This is especially true when the beach or lake home has been in the family for years, […]

Saving for College or How to Use a Section 529 Plan in Estate Planning

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 “gift.” The plan will have a named […]

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 is important to make […]

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 businesses simply “hope for the best” rather than […]

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. See (Medicaid Estate Recovery) at  www.dhhs.nh.gov/oos/eru/index.htm for an explanation of how this […]

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 bankruptcy action. The Court ruled, however, that an inherited IRA, that is, an IRA inherited from […]

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 to bring a cause of action to recover the “costs of care” […]

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 rights. Here are some constraints in this area: Statutory.RSA 151:26 Regulatory. § He-E 802.15. Transfer or Discharge of Residents Contractual. The admission agreement and Marketing […]