Pathway Law

Estate Planning: Prepare for Long Term Care (Part 2)
2021-05-24 19:00 - 20:15 UTC
This class will focus on leveraging your assets to provide your best possible care, while also protecting assets for children or other heirs. As we age, we face the possibility of contracting chronic or acute medical conditions that may require short-term or long-term assistance. This can be very expensive. For example, a nursing home can cost $15,000 or more per month. Primary payment sources for long-term care coverage in a nursing home, assisted living or home setting are private pay, long-term care insurance, reverse mortgages and MassHealth (Medicaid). There are a dizzying array of options and technical rules that make this a complex planning area, filled with opportunities and pitfalls. Learn about various long term care planning strategies, and the pros and cons of each. This discussion will include eligibility rules of the MassHealth program, and asset protection strategies available to those engaging in advance or last-minute planning.
David Adams, Esq. & Benjamin Strobeck, Esq. | $35 individual or $55 screen

Estate Planning: Prepare for Long Term Care (Part 1)
2021-05-17 19:00 - 20:15

Preserving and Passing On the Family Cottage (without destroying the family!)
2021-05-11 19:00 - 20:30
Vacation homes often represent some of a family’s most cherished memories and legacies for children and grandchildren. However, planning for their transfer to the next generation can be messy and lead to significant family conflict. Also, adding your children as co-owners to your vacation home during your lifetime can have significant negative tax consequences, as well as expose your treasured home to your children’s creditors. With ample time for questions, we will review issues such as: Who can be an owner? How are decisions to be made regarding repairs and upkeep? Who can use the home and when? How do we fund the future costs? We will cover planning techniques that create a smooth transition of your family home while protecting this family asset for generations to come.
Tuesday, May 11 | 7:00 – 8:30 pm | $29 individual or $45 screen
