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Attorneys Joy Trueworthy and Rachel Trafton Present on Medicaid Planning
May 31st, 2019
Rudman Winchell and Maine Elder Law Firm Attorneys Joy Trueworthy and Rachel Trafton will present on the topic of Medicaid Planning on June 5, 2019. Joy and Rachel were asked by the National Business Institute to present to local attorneys, paralegal…
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Categories: Uncategorized
National Elder Law Month
May 24th, 2019
May is National Elder Law Month! At Maine Elder Law Firm, a practice of Rudman Winchell, our elder law services include long-term care planning and asset protection planning, advance health care directives and financial powers of attorney, Maine Medi…
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Jane Skelton Presented on Special Needs Trusts and Legal Ethics
May 22nd, 2019
Attorney Jane Skelton presented May 17, 2019, at the National Business Institute seminar in Portland, Maine, titled Trusts From A to Z. Attendees of this seminar included attorneys, trust officers, wealth managers, accountants, and CPAs. Jane present…
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Categories: Uncategorized
Does all Property go Through Probate?
May 7th, 2019
The purpose of a Last Will and Testament is to control the distribution of property in your probate estate after your death. But what property makes up your probate estate? Not all of it! Anything that is not part of your probate estate is not contro…
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Categories: Uncategorized
Medicaid Estate Recovery: Will the State Take my House?
April 10th, 2019
There is a lot of misinformation and confusion surrounding estate recovery and the Maine Medicaid (MaineCare) long-term care benefit. One of the biggest fears we hear from aging Mainers is, “I don’t want the State to take my house.” That only h…
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Categories: Estate Planning, Wills & Trusts
Family Limited Partnerships and LLCs
February 15th, 2019
What is a Family Limited Partnership? A partnership, generally, is an entity created by agreement of two or more persons for the purpose of holding property or operating a business. The partnership agreement will spell out the respective rights of th…
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Categories: Estate Planning, Wills & Trusts
15 Myths Regarding Medicaid Nursing Home Benefits in Maine
February 15th, 2019
No one chooses to live in a nursing home, but some older Mainers eventually need care in a nursing home setting. For many, this means not only the loss of personal autonomy but also the depletion of assets to pay for the needed care. The median annua…
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Tricky MaineCare Transfer Penalty
February 15th, 2019
This article alerts elders, their loved ones, and their advisors to the potential pitfalls of the MaineCare transfer penalty. MaineCare is Maine’s Medicaid program. When a person applies for MaineCare long-term care benefits (including benefits for…
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Categories: Medicaid / MaineCare
Tax Free Gifting
February 15th, 2019
In general, whenever you give cash or property to another person, you are potentially subject to the federal gift tax. If you make “taxable gifts,” you are required to file a federal gift tax return (Form 709) and use some of your lifetime exclus…
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Categories: Estate Planning, Wills & Trusts
Revocable Living Trusts
February 15th, 2019
A revocable living trust, sometimes called a “living trust” or an “inter vivos” trust, is a trust established during life that the creator of the trust has the power to change or revoke. The trust creator can designate himself or herself as t…
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Categories: Estate Planning, Wills & Trusts
