Blog

I. Introduction When people become chronically ill or disabled, they may need long-term care (LTC) services. Given the very high cost of LTC services, many people will apply for MaineCare (Maine Medicaid), which pays for some types of those services.… Read More

Rachel Trafton attended and participated in Housing Solutions for Maine’s New Age, a conference and planning charrette that was hosted by the Maine Council on Aging in Belfast, Maine on May 30, 2018. For anyone interest in housing options that coul… Read More

Brought to you by Rudman Winchell from the Special Needs Council: By Daniel M. Surprenant, CELA Special needs trusts (SNTs) are financial instruments designed to enhance quality of life for individuals with disabilities by supplementing the governmen… Read More

World Elder Abuse Awareness Day is observed each year on June 15th to raise public awareness of elder abuse. World Elder Abuse Awareness Day was officially recognized by the United Nations General Assembly in December 2011, following a request by the… Read More

On December 22, 2017, the President signed into law the Tax Cuts and Jobs Act. The changes to the Internal Revenue Code impact virtually every individual and business and are generally effective in 2018. Estate and Gift Tax The federal gift, estate,… Read More

Tax-deferred retirement savings vehicles such as IRAs and 401(k)s provide great opportunities for sheltering funds and their growth from income taxes for an extended period of time. But income tax cannot be deferred forever. Sooner or later, someone… Read More

In basic terms, a trust is created when one person (the trustee) takes legal title to property, but holds and manages the property for the benefit of someone else (the beneficiary). The person who creates the trust is called the settlor or grantor. T… Read More

A personal representative (PR) is an individual or entity appointed by the Probate Court to administer the estate of someone who has passed away. The PR may be someone who was named in the will of the decedent or, if there was no will or the will did… Read More