How one's assets are distributed after death can be an incredibly personal thing. Thus, the details of such distributions are something an individual may want kept out of the public eye after their death. Consequently, privacy is one of the big estate planning...
Trusts
Using an estate plan to protect a beloved pet’s future
Providing their pet with love and care is something many pet owners care deeply about. Thus, one of the things pet owners may have a fair deal of worry about is what would happen with a beloved dog, cat or other pet if they were to pass away before the pet...
Acting wisely important in charitable giving
Many individuals here in Massachusetts give to charity. There are many different charitable giving goals an individual can have, both for gifts made during their life and after-death gifts set up in their estate plan. Lack of proper care when it comes to one's...
How much in out-of-pocket health care costs arise in retirement?
Getting the right medical care is important when one is in their retirement years. There are certain challenges that can arise for seniors when it comes to getting the medical care they need for the medical conditions they have. One are challenges when it comes to...
Survey: many wealthy individuals worried about health care costs
Health care costs, including costs related to long-term care, can easily get rather high. Thus, it is unsurprising that medical costs can be a big source of anxiety. A recent survey indicates that health care expenses are something that many wealthy individuals worry...
What impacts is technology having on senior living situations?
When a senior is thinking about the possibility of having to leave their home and move into an elder care facility, there are many worries they may have. They may be concerned about the emotions of leaving a long-time family home, how much independence they would lose...
Helping after-death gifts go to your loved ones rather than their creditors
When a person sets up an after-death gift of assets to a loved one, they generally want as much of that after-death gift to go to their loved one as possible. Thus, one thing they might be concerned about is the possibility of portions of the gift being directed away...
What is an ‘elderly orphan’?
There are many terms out there that have to do with seniors. One such term that our readers may have come across in recent times is "elderly orphan." A natural question one may have when encountering this term is: what exactly does it mean?Simply put, an elderly...
Charitable remainder trusts one charitable giving option
There are a wide range of things that an elderly individual may want to put the money they've saved up from years of hard work towards. One such thing is a good cause. Elderly individuals sometimes have the desire to give part of their nest egg to a favorite...
Providing trustees with trust administration guidance
One thing that can have a major impact on a trust is how the trust is administered. The person in charge of administering a trust is the trust's trustee. Thus, the role of trustee can be a very impactful one.Consequently, a trustee can feel a fair amount of pressure...
