Whether you have a will or are thinking about setting up a trust, you may have many different types of estate-related considerations. However, you should definitely look into estate taxes if you have a high net worth, or think your financial situation may result in...
When you have spent your life in Massachusetts carefully managing your assets and planning for the future, you want to know that your intentions are carried out after your death. Setting up a trust to support a charity or charitable purpose should ensure that your...
To most people, estate planning is about planning for their financial futures. However, a comprehensive estate plan involves more than just putting money in a 401(k) or drafting a will. It encompasses all of the things needed to help a person enjoy their retirement....
Modifying your will after major life changes is the best way to make sure your Massachusetts estate is distributed according to your wishes. However, if you have married since you wrote the will and you did not make updates, your spouse may still receive a portion of...
For many Massachusetts families, determining who to rely on as a legal guardian for incapacitated loved ones is met with angst and stress. Whether a couple is seeking guardianship for their children if something were to happen to them, or someone is looking for a...
When you are planning your estate in Massachusetts, you may have to undergo a capacity test of some kind to ensure you have the mental capacity to legally create your estate documents. Most often the idea of capacity is used when it comes to the creation of your will,...
After someone in Massachusetts dies, the administrator of the estate has a number of duties to perform. One of these, according to The General Court of the Commonwealth of Massachusetts, is to prepare an inventory of everything the decedent owned at the time of his or...
Among the benefits qualifying individuals can receive from MassHealth is financial help with the costs related to nursing home care. Getting nursing home care they need can be of great importance to an elderly person’s overall health and well-being. However,...
As an elderly individual gets older, one of the big issues that can come up is where they will live. This includes the big decision of whether they will continue to live at home or instead move into a senior care facility.A recent survey indicates that many adults...
Estate planning can be used to address a range of concerns elderly individuals have about the future. This includes concerns regarding their pets. A pet can be a very beloved companion. So, an elderly pet owner may care very much about putting protections in place to...