Estate planning brings up diverse issues for people to consider whether they set up a trust or a will. Naming beneficiaries, the likelihood of a probate dispute and even figuring out which estate plan makes the most sense are all challenges that some people have...
Helping People Age With Dignity And Peace Of Mind
Year: 2018
Setting up a joint will
Estate planning brings up a number of considerations, such as deciding which beneficiaries will receive certain assets. Moreover, some people may have difficulty determining which type of estate plan is best and we have written about some of their options on our blog....
Discrepancies on tax filings may apply longer than realized
Estate planning is a complex process and can take time for families in Massachusetts to narrow down their desires and figure out how to articulate them in a well-written document. However, with vigilance and commitment, families that prioritize their planning efforts...
Tax-related profits are only part of the reward of an estate plan
Planning an estate may seem unimportant to people who are young, have a stable income, are healthy and do not have any significant obligations to dependents. However, waiting too long to plan for the future can be more damaging than many people realize and create...
Is a revocable living trust right for you?
If taking care of your family after you die is a priority, you may be wondering if a living trust or a will is better in Massachusetts. Choosing the right estate planning tool typically depends on your particular concerns, and what you want to accomplish.An...
Estate Planning and Contingencies: 3 Scenarios to Consider
You’ve worked hard for what you’ve got, and you don’t like the thought of your assets being distributed improperly. Your wishes are important, and you dread the thought of your family having to go through a hardship to receive what should be...
What is intestate succession in Massachusetts?
The underlying questions demonstrating the need for estate planning is "What happens if I die without a will?" You may think that if you leave nothing behind stating how you want your assets to be dispersed, your family and friends in Wakefield may be allowed to make...
Estate issues following the loss of a loved one
Losing a loved one can make daily life very challenging or even seem unbearable. Entire families may be overwhelmed with emotional pain and other hardships that surface in the wake of a loved one's passing, such as financial difficulties and estate matters. Whether...
Reversing legal guardianship
We have written about some of the reasons for guardianship, such as an adult who is struggling with a mental handicap which leaves them unable to take care of themselves. Guardianship is a great way for people who are unable to care for themselves to receive the...
How to afford nursing home care
A part of estate planning is considering the cost of long-term medical care, such as for a nursing home or in-home assistance. It is unwise to bank on family and friends being able to take care of you when the time comes. Even if loved ones express willingness now,...