Life Becomes More Complicated, a column authored by Attorney Mikael Hooker, is a wealth of information. He covers everything from living wills to nursing home costs. We are happy to provide copies of his articles here.

 

For those of you who have read past columns, you know that a Power of Attorney authorizing a person to manage your money while you are alive is often more important than signing a Will.

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I am sure there are readers out there who, like me, aren’t excited about the aging process. Most of us say, “well if I am going to age, I want it to be in my house, not in a home or facility.”

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When clients or the children contact me and say, “we are concerned about asset protection” I often ask “protection from what or from whom?” The answer is generally “the state” or “the nursing home.” In other words, they are trying to protect their savings from catastrophic health care costs.

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In 2012 Massachusetts legislature revamped the laws and procedures for Probate Administration of Wills and Estates. Probate means passing the assets from a deceased person to his or her heirs and/or beneficiaries by way of a Will or intestacy. Intestacy means a person dying without a Will.

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