Oftentimes, the main purpose of estate planning is to maximize the value of your estate for your heirs. However, the process serves other important purposes as well, including taking away uncertainty and leaving a lasting presence on those you love.That’s why in...
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...
There are many different requirements Massachusetts law has put in place when it comes to filing for probate for the estate of a deceased loved one. One such type of requirement is a notice requirement. Today, we will discuss the notice requirement for filing for...
It is not uncommon here in Massachusetts to have an elderly loved one who suffers from Alzheimer's. Around 12 percent of the state's seniors have this disease. It is estimated that the total number of individuals 65 years of age and up who currently suffer...
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...
One of the decisions that will generally come before a person when they are getting their estate plan in place is how much in assets to leave to their various loved ones. There are many different concerns a person may have when it comes to the issue of how much to...
There are many types of costs that a senior generally never wants to hear are going up. One such type are nursing home costs. Unfortunately, a recent report indicates that going up is exactly what nursing home costs are doing here in the United States.The report was...
When it comes to their estate planning, an elderly individual may have a great many different goals. Wills can be a very useful estate planning tool when it comes to quite a few different types of estate planning goals. However, there are some estate planning goals...
Sometimes, after having previously made a will, a person will make a new will. A question a person may have in such a situation is: What effect does the new will have on the old will? Here in Massachusetts, there are multiple rules state law has addressing this...
The death of a spouse can be a devastating emotional experience for a person. In this often very challenging time, the last thing a person may want to think about is taxes. However, one tax-related thing it can be important for a person to check fairly promptly after...