“…in this world nothing can be said to be certain, except death and taxes.” ~Benjamin Franklin As adults know too well, death and taxes truly are unavoidable. However, not all adults realize that tax liability doesn’t always end at death. Depending on what you own at the time of your death, the loved ones who […]
How Estate Planning Can Save Your Loved Ones From Financial and Emotional Turmoil Later When was the last time you thought about your hot water heater? Unless you’ve had a recent problem, it’s probably been a while. Sure, it will break someday; hot water heaters generally only last 10 to 15 years. But life is […]
Keep the house or get Mom and Dad the long-term care they need? Some Massachusetts families find themselves in the position of having to choose between the two, thanks to MassHealth regulations. Don’t panic, though; adult children who find themselves in the position of making decisions for their aging parents do have options here in […]
Half a century ago, reaching middle age without getting married made a person unusual. Today, being a single adult is totally normal: in 2016, 110.6 million American adults were unmarried, according to Census data. As happily single adults know, remaining unmarried means you get to call all the shots like where you vacation or what […]
When it comes to estate planning, most people think of streams of income that are typical, such as current employment, retirement plans, and bank accounts. These obviously need to be included. But, there are other, less obvious types of income that some people forget. When you work with an experienced Massachusetts estate planning attorney, they […]
Adding your child to your bank account seems like common sense so they can help with paying bills. This is convenient, but what people often don’t realize is that the child will have more authority than to just sign checks. Adding your child to your bank account means that they legally own half of the […]
It’s a common story among blended families: an aging parent becomes ill and the parent’s biological children clash with the parent’s spouse. While some of these disagreements are generally small, as a Middlesex County elder law attorney, I have seen numerous times when the disagreements are not only great, but the child also fears for […]
Massachusetts estate planning attorneys know, a divorce changes everything. If you are in the process of divorce or just finishing up, you are most likely busy trying to readjust to your new life. Although it’s a hectic time, it is important that you do not forget that you need to update your estate plan. Here […]
When most people think about estate planning, they picture money and property. But, as a Framingham will and trust lawyer, I see more and more people adding intangible assets to their estate plan. Intangible assets might be things that have no monetary value, but are nonetheless important to the family. They may include personal letters, […]
Are you planning for your children’s future? Picture this – you get an opportunity to spend some alone time with your spouse. What do you do to prepare for date night? You carefully select a babysitter. Then, you write detailed instructions; when to feed the baby, how often to change diapers, what snacks are allowed…and […]
Unfortunately, many parents of children with special needs wait until their child turns 18 to consider creating a Special Needs Trust. Sometimes, they even wait until their child eventually needs government benefits like SSI or Medicaid. However, Special Needs Trusts do a lot more than just protect the beneficiary’s access to government benefits and should […]
Elder care lawyers in Framingham work with families to prepare for any number of situations in the estate planning process. One circumstance that is especially relevant to elder care law is dementia. Alzheimer’s disease and other forms of dementia are almost exclusively conditions which appear late in life. Along with the emotional turmoil on the […]
Unless you were living under a rock, you most likely heard about the tax reform bill that was passed by Congress and signed by the President over the holidays. One big change that came out of it was the doubling of the exemption amount for federal estate, gift, and generation-skipping transfer taxes. Beginning in 2018, […]
Probate lawyers in Middlesex County are well aware of the hassles and headaches that families face when a loved one’s estate goes into probate. The process can drag out, eating up not just time but also resources that would have otherwise gone to beneficiaries. Appointed executors find themselves with burdensome responsibilities that can compound their […]
The Achieving a Better Life Experience (ABLE) Act, which was created by Congress in 2014, allows people with disabilities and their families to save up to $100,000 in accounts for the benefit of a disabled person. The funds can be saved without jeopardizing the individual’s eligibility for Medicaid, Supplemental Security Income (SSI) and other government […]
