Services

Asset Preservation

Over your lifetime you will earn a good deal of money. How much will you keep? We give people options to help them not only accumulate more assets but also to preserve and protect their money for the future. We adhere to the old saying, “It’s not what you make that counts…It’s what you keep!!!”

Estate & Legacy Planning

Planning is a lifelong process and over the course of everyone’s life obstacles arise. Estate Planning is made up of three phases…Accumulation, Conservation, and Distribution. We work with you and your family to help determine when and how your estate should be distributed for those you leave behind to ensure that they pay the least amount of taxes, legal fees and most importantly prevent arguments. In addition, we address family desires and wishes for legacy planning unrelated to finances such as continuance of family traditions and follow-through of elder’s wishes.

Tax Planning

There are three major ways to build wealth and along with them are tax consequences. Possessions are taxable, tax-deferred, or tax-free. On top of that, the government allows tax exemptions, exclusions, deductions, and credits. Are you maximizing these? Our goal is to understand your personal financial situation, address your concerns, and create a customized plan to reduce taxation and increase spendable income and savings.

Retirement Planning

When planning for retirement you should consider forecasting your financial needs, determining your known monthly income. We try to ensure and get an idea of when you anticipate retirement (if not already retired) and help in providing lifetime income. Now may be the time to reallocate some resources from accumulation to preservation and distribution mode to prevent losses that may never be regained. Often it is suggested to take a more aggressive approach at a young age and a more conservative stance at/or in retirement. Key issues we address are longevity risk and sequence of returns.

Catastrophic Illness Planning

The most financially devastating occurrence that can happen to an individual is a catastrophic illness. Until it happens people don’t realize its effects on the entire family. Are all your financial and legal documents up to date? What arrangements have been made ahead of time for the care of a loved one? Staying at home? Moving in with a family member? Assisted Living? Nursing Home? What assets will you use to pay for this care? Have you done any extended care planning? The time to plan is before this takes place. Know your options for long-term care planning and be prepared.

Life & Health Insurance Review and Planning

As a Licensed Insurance Advisor, much like your other professionals, I can charge a fee to review and give you an unbiased review of your Life, Health, Disability, and Long-Term Care contracts. I can also do this for your Annuity policies, as well. You are under no obligation to purchase any additional products or services from us. We look to see if the I’s are dotted and the T’s are crossed. Rest assured that in our over 35 years of expertise in this area our diligent reviews have found many, many correctible items that have resulted in satisfied families.

Nursing Home and Medicaid Protection

Having two parents who both passed away in nursing homes, I stay apprised of the Massachusetts Medicaid rules and regulations that are constantly changing. We work with your legal representation in assisting in the completion of the MassHealth Application to legally protect and save as much of the family’s assets as possible. We can also discuss the eight payment options a person may have to cover nursing home and assisted living options for a loved one before it becomes a reality. It is important for people to be aware of the three options should they choose to purchase some form of Long-Term Care Insurance and the advantages and disadvantages of each.