Making the Connection
Generations Asset Preservation and our exclusive relationship with Blue Cross Blue Shield of Massachusetts has been recently profiled in the BCBS of MA quarterly newsletter. Our service offerings are resonating with the BCBS community and many members are contacting us as a result of the latest newsletter for our services. The following is an example of a recent case that combines aspects of our various disciplines.
Fact Pattern of the Case:
- 75 years old
- House paid off worth $425k and approximately $125k in other assets
- 20 year old existing estate planning documents that need updating
- Has a disabled adult child
- Needs extra income to supplement/maximize and guarantee income
Legal Documents and Scope of Work
Will, Trusts, Power of Attorney, and Health Care Proxy are among the documents being prepared that will avoid probate and effectuate the client’s wishes. This includes setting aside monies for a disabled adult dependent in a “Supplemental Needs Trust” and protecting assets from a nursing home.
Due to the circumstances of this case, the client will be having surgery, we will be preparing all documents in an expedited time frame to accommodate the client. The client will then be coming back into the office to talk about maximizing other assets for extra income.
The BCBS Member Benefit
In addition, because the client is a BCBS of MA member, a significant discount will be received for all of these services! (For an estate plan, as a member benefit, fees are $795 for a single person and $1,500 if this were a spousal situation). Comparatively, another law firm in Wellesley quoted a fee of over $7k…..!! This is not a typo!! The client was incredibly thankful and will be referring us to “many other people” (BC/BS customers).
Blue Cross Blue Shield of MA has put their trust in Generations Asset Preservation and this case is an affirmation of the multiple services and benefits that we are able to provide for our clients and to the members of the BCBS member community.
As we say, “Plan Now. Retire Well.”