Another year is coming to an end in Massachusetts. The year end brings with it a time of reflection in reviewing the past year and anticipation of what the new year may hold. Families gather and reflect and look forward together. Aging relatives may be concerned about...
Helping People Age With Dignity And Peace Of Mind
Month: December 2019
A special needs trust supplements government benefits
Establishing a special needs trust for a family member who requires help will add to the benefits he or she receives from the government.There are three types of special needs trusts to consider in first-party, third-party and pooled trust formats. First-party...
Don’t believe what movies say about trusts
Movies and TV shows like to vilify characters with trust funds, portraying them as spoiled, entitled and averse to any kind of hard work. This repeated characterization has helped shape society's view of trusts. Most people think that trusts are only useful to the...
Estate planning and gift giving
The end of another year is approaching in Massachusetts. Thoughts may inadvertently turn to tax time but it can also be an excellent time for some proactive estate planning. The tax law affords one the opportunity to share a portion of one's estate during a person's...
Estate planning can be a popular year end task
The end of another year is approaching, and people often take time to contemplate the year that has passed and look forward and plan for the year to come. As the population of Massachusetts and the rest of the country continues to age, thoughts naturally turn to...
Estate planning and tax preparation go together
It is often said that the only certainties in life are death and taxes. Sadly, death does not preclude the need to pay taxes. In addition to the distribution of an estate according to the deceased's will or trust, taxes must be paid by the estate. If the deceased did...