What would happen to your children if you and your spouse passed away tomorrow? This is a question that NO parent wants to think about, and it often prevents couples from making an estate plan, especially when they come from very different backgrounds. While no one schedules an unexpected death, so there is no time […]
As every good gardener knows, preparation is key. If you put in hard work early in the season, you can sit back and watch it flourish with only a little upkeep. Estate planning is very similar! Putting in the work now, so you can reap the benefits later: Plant the Seed: Get Your Documents DonePlanting […]
Estate Plans Help Loved Ones Avoid Probate When someone passes away, they often leave an estate behind. That estate can consist of various types of property that may include little things such as digital accounts, cash, and cars, and larger assets such as stocks, bonds, business interests, and real estate. Someone who has planned ahead […]
The COVID-19 pandemic has changed the way everyone does business. While we still love to see our clients in person, we’ve found that more often, folks ask to conduct their estate planning consult over Zoom. Virtual appointments are different, for sure, but also offer a great opportunity to be more flexible. Still, it’s easy to […]
You know it is important to plan for your future: college for the kids, retirement, and security for your family should anything happen to you. We hear all the time that the whole things seems so overwhelming – and often, people just put it off because it just seems so daunting. But once you’ve decided […]
Google the phrase “Estate Planning Mistakes” and you’ll see pages of results. Seems like attorneys and financial planners are always telling their clients how to avoid one mistake or another as they put together their estate plan. But in the end, the single biggest mistake you can make is all about what you DON’T do. […]
Understanding how to protect your assets as you age is a critical component of estate planning. In addition to navigating estate taxes, beneficiaries, and who will be responsible for your medical decisions should you be unable to make them yourself, it is also critically important to look ahead and think about long-term care coverage as […]
Feels like summer is just kicking off, but already, we’re seeing back to school displays at Target. For school-aged kids, this means school supplies and backpacks. And for those headed off to college, we’re seeing sales on dorm essentials like bedding, small fridges, and storage bins. But as you spend the summer planning and anticipating […]
While married couples have different priorities than their single counterparts, one thing is certain: anyone – whether they have a family or not – needs to think about estate tax planning. In fact, planning one’s own estate taxes as a single person might be more important than it is for a married couple. Why? As […]
Yachts, ski chalets, chartered jets, trusts: one of these things is not like the others. Contrary to popular belief, establishing a trust isn’t a luxury reserved for the ultra-rich. Yes, trusts are often used by the wealthy to shield assets and pass money from one generation to the next. That’s just one way that trusts […]
Becoming eligible for MassHealth, the Massachusetts version of Medicaid, requires walking a financial tightrope. An applicant with too much money must get rid of it in order to become eligible – but once she’s approved, she may not have enough to cover basic needs, let alone incidentals. For people in that situation, maintaining the financial […]
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 […]