Estate Planning

No one wants to plan for a future where they may be reliant on nursing home services. However, the realities of growing older necessitate specific proactive steps that can make it affordable if a loved one needs a higher standard of care. The financial costs are at a...

The probate process in Massachusetts can be long and expensive. When someone dies without a will, their assets must go through the probate process. Since there is no will to determine who receives which assets, the assets are distributed according to probate law....

One of the basic goals of estate planning is to protect a person’s wealth so that their loved ones can enjoy it. For example, without some careful estate planning, Massachusetts residents may have to watch their hard-earned savings instead get swallowed up in nursing...

One important part of a Massachusetts resident’s planning for their aging is to figure out how they will provide for their own care. Even well before they have to enter nursing homes, people will likely need help with household chores, their financial affairs and...

It may surprise our Millennial and Boomer readers, but older Millennials are now approaching 40. This means that a huge, new population now has kids (possibly multiple), cars, homes, burgeoning retirement accounts, sizable crypto-wallets, etc. And, with the...

Estate planning represents proactive steps to provide your loved ones with peace of mind. Without formalized documents that communicate your wishes, relatives are left to interpret the actions you would have taken. Chaos can easily ensue. In addition to grief over the...

A special needs trust can be a great way to provide for a loved one while still ensuring that he or she qualifies for government programs like Medicaid. This is because assets that are passed down to your loved one through a special needs trust are exempt from income...

The importance of estate planning cannot be overstated. Many people do not realize how much they have in assets, or how making some important decisions now can help your loved ones immensely in the future. Your estate plan will be unique to your needs and goals. So,...

When a person has a mental or physical disability that impacts his or her ability to make financial decisions, it may be necessary to pursue a special needs trust. This type of trust allows a person, called a trustee, to manage the trust on behalf of the person with...

It is important to know what to include in an incapacity plan so that estate planners can plan for the worst. An incapacity plan will help direct how the estate planner’s financial and healthcare decisions are made and how their financial and healthcare affairs will...