It is a term that some might find intimidating: probate. But what exactly is the probate process?Generally speaking, the probate process is the legal process for sorting out what happens with the property in a person's estate after they pass away. Now, there are many...
Helping People Age With Dignity And Peace Of Mind
Month: April 2016
What things can impact elder financial abuse risks?
From cons, to scams, to thefts, to fraud, to false promises, to coercion, to scare tactics, to forgeries, elder financial abuse can take all manner of different forms. Whatever its particularly type, elder financial exploitation can wreak havoc on an elderly...
Thinking about the future when big life changes occur
When a big change happens in a person's life, such as a marriage, the birth of a child, a major change in employment situation or a big financial gain or loss, a lot of the person's thoughts might be on the present and the immediate ramifications of the change....
Keeping long-term care costs down
One of the needs individuals can have as they grow older are long-term care needs. Federal estimates predict that, currently, the likelihood of needing some sort of such care at some point in the future is about 70 percent for individuals turning 65. Long-term...
Gifting history can have state estate tax implications
When it comes to the Massachusetts estate tax, a very critical number is $1 million. This is the state's exclusion amount. Whether or not a deceased's estate will be subject to the state estate tax depends on whether this threshold is crossed.What things are...