People of all ages can benefit from creating an estate plan. If you are helping your elderly parents document their wishes, it is important to consider the documents that may be most relevant for doing this. A knowledgeable estate planning attorney can help you to discuss these. Estate Plan Basics: Trusts One option is a… Read More »
Posts Categorized: Estate Planning
Unintended Consequences of Poor Power of Attorney Planning
All too often, it seems like the simplest solution to creating your estate plan is turning online to download paperwork. However, it is all too often the case that problems can arise with either a health care or durable financial power of attorney. If these documents are not prepared or executed correctly and you lose… Read More »
Is Estate Planning Flexible?
Most people who have not done their estate planning yet have plenty of questions about how the process works and what this means for them. One question you may be asking is whether or not your estate plan is flexible. What Causes Changes in Estate Plans? You may be concerned about establishing a plan now… Read More »
What Is an Underutilized Estate Plan?
Many mistakes, errors, and overlooked issues could limit the possible impact of your estate plan. When you don’t understand each document and strategy inside your estate plan, this may not necessarily reflect your wishes. If your estate plan cannot be executed for any reason, it is underutilized. Hiring an Estate Planning Lawyer to Help A… Read More »
Where Can I Find a Qualified Estate Planner?
Working with an estate planning lawyer, also known as an estate planner, is one of the only ways to ensure that your primary goals are covered in full in your estate planning process. The support of an experienced and qualified attorney can go a long way in making things easier for you with your entire… Read More »
How To Discuss an Inheritance with Your Loved Ones
Leaving aside a legacy and an inheritance for your loved ones is common practice, and especially in light of how much is expected to transfer to other generations in the coming years, it is important to keep your loved ones on board with your decisions. What to Cover in an Estate Planning Conversation While you… Read More »
Created A Will? Good! Don’t Stop There.
A will is a basic and very important component of your estate plan, but it is only the foundation. You may need other documents and strategies in place to help accomplish each of your estate planning goals. You probably created a will to ensure that guardianship of your minor children is addressed if applicable, or… Read More »
What to Know about Gifting Powers with Powers of Attorney
When thinking about the person to appoint as your power of attorney agent, remember that this is one of the most powerful authorities that can be granted to someone if you choose to allow them to give your property away to others. Why Grant Gift Making Powers? There are a few different reasons why you… Read More »
How To Do an End of Year Insurance and Estate Planning Check
The end of the year is the perfect time to tap into that resolutions energy and get your financial plan in order. If it’s been some time since you reviewed your documents and your overall financial strategy or estate plan, now is the perfect opportunity to do it. Reviewing Your Estate Plan Meeting with an… Read More »
Understanding the Value and Challenges of Family Limited Partnerships
There are many different estate planning strategies and options available to you, and one of the chief concerns for many people working with lawyers now is the ability to transfer generational wealth. In Massachusetts, you should always discuss creating a family limited partnership directly with an estate planning lawyer. What is a Family Limited Partnership?… Read More »