The basic documents that each adult should have are a financial power of attorney, medical power of attorney, and a last will and testament and/or trust. In addition to these documents, there should be a clear record of assets that identifies the ownership and whether there are joint owners or beneficiaries.

MaineCare is a benefits program that helps pay for long term care. Long term care involves a range of services and supports to help people who can no longer take care of themselves independently. It can range from in home care to care in assisted living facilities and nursing homes. There are many ways to pay for long term care. Some people pay out-of-pocket. Some people have long term care insurance through a job or that they purchased independently. Some Veterans have long

Estate Planning in Maine - Wills, Trusts, Asset Ownership

By Lanman Rayne Nelson Reade, 207-671-5454 The most common concern people bring to their Elder law Attorney is how to protect assets from...

By Eleanor L. Dominguez, Ainsworth, Thelin & Raftice, 207-767-4824 No one likes to think about the possibility of their own disability or...

By Barbara S. Schlichtman: Barbara S. Schlichtman is the chair of the Trusts and Estates Department at Perkins Thompson PA in Portland...

By Jennifer Cook, Head of Trust & Wealth Management SVP at Norway Savings Asset Management Group - 207.482.7920 American consumers...

The Inflation Reduction Act brings big changes to Medicare plans starting January 2025. Change isn’t easy. Knowledge is key.