Monthly Archives: February 2024

Special Needs Trust vs. Supplemental Needs Trust.  What’s the Difference? 

When planning for the future of a loved one with special needs, understanding the intricacies of financial tools is crucial. In Massachusetts, two common options for providing financial support are Special Needs Trusts (SNTs) and Supplemental Needs Trusts (SNTs). While both serve to safeguard the financial well-being of individuals with special needs, they differ in… Read More »

What is the Significance of the Increase in Estate Tax Exemption in Massachusetts?

The increase in the estate tax exemption in Massachusetts carries significant implications for residents of the state, the state’s economy, and its fiscal policies. The estate tax exemption is the threshold at which an individual’s estate becomes subject to taxation upon their passing. What does this change mean to you? The increase in the estate… Read More »

Aging in Place in Massachusetts — How to Support Your Elderly Relatives 

As our loved ones age, the desire to age in place—remaining in their own homes for as long as possible—becomes increasingly important. In Massachusetts, resources and strategies are available to help elderly relatives maintain their independence and quality of life while staying in familiar surroundings. Today, we will examine how you can support your elderly… Read More »

Understanding the Importance of a Health Care Proxy for Young Adults in Massachusetts 

Healthcare decisions are integral to everyone’s life, regardless of age. In Massachusetts, as in many other states, a Health Care Proxy (HCP) is a crucial legal document that allows individuals to nominate a trusted individual to make medical decisions on their behalf if they cannot do so. While it’s often associated with older individuals, young… Read More »