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Financial Powers of Attorney
August 31st, 2020
What is a Financial Power of Attorney? In a financial power of attorney, you (the principal) appoint an agent who is authorized to make decisions regarding your finances and property. This legal document states the circumstances when your agent can a…
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Categories: Powers of Attorney & Health Directives
ABLE Accounts: Resources and Developments, Including a Special Opportunity for Mainers
February 24th, 2020
The ABLE account was passed by Congress in December of 2014, and it has evolved over the handful of years since then through changes in the law and the adoption of regulations expanding the understanding of, and uses for, ABLE accounts. One recent pi…
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ABLE Accounts: Housing and ISM
February 24th, 2020
The ABLE account is a relatively new planning tool that offers an individual with eligible disabilities a tax-free savings option that does not interfere with their eligibility for means-tested government benefits. As discussed in the first article i…
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ABLE Accounts: The Basics
February 24th, 2020
The Achieving a Better Life Experience Act (ABLE Act) was passed by Congress in December of 2014, authorizing the states to establish programs with special financial accounts for individuals with disabilities. The ABLE law refers to these individuals…
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Fifteen Myths Regarding Medicaid Nursing Home Benefits in Maine Myth 14 and 15
November 20th, 2019
This series highlights the eligibility rules for Maine Medicaid (MaineCare) nursing home benefits and dispels certain myths the families that work with our office often hear. Myth 14: The Medicaid Rules That Applied to My Neighbor When He Went Into a…
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Fifteen Myths Regarding Medicaid Nursing Home Benefits in Maine Myth 12 and 13
November 18th, 2019
This series highlights the eligibility rules for Maine Medicaid (MaineCare) nursing home benefits and dispels certain myths the families that work with our office often hear. Myth [12: I Should Transfer My Assets Now to Get Medicaid Benefits in the F…
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Fifteen Myths Regarding Medicaid Nursing Home Benefits in Maine Myth 11
November 15th, 2019
This series highlights the eligibility rules for Maine Medicaid (MaineCare) nursing home benefits and dispels certain myths the families that work with our office often hear. Myth 11: My Spouse or My Agent Under My Power of Attorney Has the Power to…
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Fifteen Myths Regarding Medicaid Nursing Home Benefits in Maine Myth 10
November 13th, 2019
This series highlights the eligibility rules for Maine Medicaid (MaineCare) nursing home benefits and dispels certain myths the families that work with our office often hear. Myth 10: I Can Only Give Away $10,000 Per Year Under Medicaid Rules. The Tr…
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Fifteen Myths Regarding Medicaid Nursing Home Benefits in Maine Myth 9
November 8th, 2019
This series highlights the eligibility rules for Maine Medicaid (MaineCare) nursing home benefits and dispels certain myths the families that work with our office often hear. Myth 9: I Have to Wait Five Years After Giving Anything Away to Get Medicai…
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Fifteen Myths Regarding Medicaid Nursing Home Benefits in Maine Myth 7 and 8
October 28th, 2019
This series highlights the eligibility rules for Maine Medicaid (MaineCare) nursing home benefits and dispels certain myths the families that work with our office often hear. Myth 7: My Income Has to Be Used to Pay My Spouse’s Nursing Home Bill. Th…
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