In the estate planning process, it can be easy for a Massachusetts resident to focus on what will happen to her wealth after death. This is of course a very important consideration, since no one really wants to see his fortune tied up in probate litigation or drained...
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Are you ready to take the first steps of estate planning?
Many Massachusetts residents have different reasons for wanting to create their estate plans. You may want to protect assets or ensure that your minor children have the right guardian in the event of your passing. Whatever the reason, you certainly want to get your...
What you need to update after joining a blended family
Marrying a second time is rarely an easy task. It may feel great to have a spouse by your side once again, but you may also feel more pressure in trying to ensure that you don’t end up with another divorce. You may need a while to adjust, especially if you or your new...
If you are your parent’s caregiver, is there 2018 tax relief?
Some people choose to be their parent's primary caregiver. However, this can strain your personal finances. Luckily, there is new tax relief available to caregivers for the fiscal year of 2018.What should caregivers expect at tax time?There were a few changes to...
How will I ever pay for nursing home care?
There is one constant across almost all nursing homes: they are expensive. Whether you are looking into nursing home care for yourself or are concerned for a loved one, the cost of quality care can leave a lot of uncertainty toward a person’s future. Don’t hamstring...
Estate planning after a divorce
Divorces later in life are becoming more common. Once the kids are grown, couples are discovering that they have nothing in common and decide to split. These so-called "gray divorces" have tripled in number since 1990. However, this creates a whole new set of...
The basics of Medicare coverage
The commercials for financial advising companies make it seem so easy. Put some money away each month and 20 to 30 years later you will be able to everything you wished you were able to do while you spent your professional life making a normal life for your family....
Guardianship: Providing plenary or limited aid
Your parent is aging quickly, and you worry that they no longer can accurately maintain their finances. Perhaps your parent’s hygiene or health is deteriorating, and you want to ensure that all aspects of their life are appropriately monitored. In a previous post, we...
Do you qualify for MassHealth? Your potential benefits
Though the decision may prove difficult, understanding the right time to move into a nursing home proves beneficial for both you and your family caretakers. Nursing home care exhibits high costs, but you do not want the burden of expensive care to fall on your loved...