In the bigger conversation about setting aside savings and estate planning, younger generations are often left out. But the truth is that more younger people are looking into planning for their own future these days. Estate Planning for Young Adults It’s never too early to start thinking about the possibility of retirement, and far too… Read More »
Posts By Author: Tiffany O'ConnellPage 12
What Doesn’t Belong in a Massachusetts Will?
A will is one of the most important and basic estate planning documents for many people. It makes a lot of sense to create a will if you own any property or are concerned with making sure you have named a party for any minor children to be cared for after you pass away. Myths… Read More »
How to Minimize Stress on Your Family in The Estate Planning Process
Estate planning is not just about you. It’s easy to put this on the backburner and forget about it as an important activity when you’re only thinking about an estate that you believe is relatively small or simple, but the truth is that estate planning is about so much more. It’s about the legacy you… Read More »
Will vs. Living Will vs. Health Care Proxy: What to Know in MA
When you meet with a qualified Massachusetts estate planning lawyer, you will discuss many documents and tools that can help you to accomplish your estate planning goals. The support of an attorney helps you walk through this process and understand which strategies and planning opportunities are most appropriate for your individual situation. Living Will A… Read More »
Does Your College Plan Include An Estate Plan?
Many people don’t recognize the important connection between planning for college and setting up an estate plan. An estate plan is more than just determining what happens to your property after you pass away. An estate plan also includes important considerations about what happens during your life and answering questions such as: Do you have… Read More »
What Estate Planning Goals Can We Achieve When Someone’s Been Diagnosed With Alzheimer’s Disease?
The diagnosis of Alzheimer’s disease can have far reaching ripple effects throughout your entire family. It raises many different questions, chief among them, who will help to take care of your loved one in the immediate future and what will happen to their assets after they pass away. Estate Planning for Alzheimer’s or Dementia is… Read More »
Study Shows That Younger People Who Have Had COVID-19 Are More Likely To Create An Estate Plan
The pandemic has radically altered perceptions on a variety of different issues and estate planning comes in at the top of that list. Young Adults Are Seeing how Estate Planning Works Those people who have had a serious case of COVID-19 are 66% more likely to have already created a will than those who did… Read More »
What’s the Difference Between an Immediately Effective and a Springing Power Of Attorney?
Creating a power of attorney gives you several different options in terms of the powers you’d like to give your agent, the person you choose to serve as an agent and when the power of attorney becomes active. Depending on your circumstances, you might lean one way or the other when creating this power of… Read More »
Three Steps to Review Your IRA Plan Post SECURE ACT
What worked in the past as a benefit of passing down an IRA might no longer apply, but if it’s been some time since you thought about your IRA gifting strategy, now is a good time to revisit. Non-spouse Beneficiaries The SECURE Act has caused problems for many clients with estate plans who have individual… Read More »
Use Your Will To Name And Provide For Minor Children
You cannot simply leave assets behind to minor children and beneficiaries. This is because some beneficiaries, like children younger than 18, are considered too young to inherit. Making a Will This is why you need to use one of the most basic estate planning tools known as a will to help you accomplish your goals… Read More »