What happens if you or a loved one need to stay in a Massachusetts nursing home? Do you have a plan? If you are planning ahead for the future of your older years and are assuming that Medicare might pick up the tab, if and when you need a nursing home, that’s not always the… Read More »
Posts By Author: Tiffany O'ConnellPage 19
Should We Be Worried About Estate Tax Changes Under A New Administration?
It is not unusual to have at least some tax law changes when a new administration takes over. We’ll focus here on potential estate tax changes that may happen under President-Elect Biden’s administration. Under the Tax Cuts and Jobs Act of 2017 (TCJA), the federal estate tax threshold is at $11.58M (for 2020) and $11.7M… Read More »
Should You Discuss Financial or Estate Concerns with Your Family?
It can be difficult to have conversations around money with your family but the recent pandemic might have already highlighted this within your own family in giving you a roadmap for how to proceed. Having these more intimate financial discussions can help clear up areas of confusion and when done properly, can bring your family… Read More »
Your Guide to Creating a Living Trust in Massachusetts
If you are thinking about creating a living trust, this is an excellent tool in Massachusetts for allowing you to move assets inside a trust that can then be accessed or used by you during your lifetime. This provides great flexibility, but it’s important that the trust be created well and funded properly so that… Read More »
Your Guide to Creating a Living Trust in Massachusetts
If you are thinking about creating a living trust, this is an excellent tool in Massachusetts for allowing you to move assets inside a trust that can then be accessed or used by you during your lifetime. This provides great flexibility, but it’s important that the trust be created well and funded properly so that… Read More »
Is Irrevocable the Right Way to Go with Life Insurance in a Trust?
Do you have a life insurance policy? If not, this might become an important aspect of your estate plan as it provides for a seamless transfer of policy benefit payouts to your chosen beneficiaries. Unlike many probated assets, life insurance is handled outside of the courts when it comes to transferring the funds to your… Read More »
How an Elder Law Attorney Can Help You Navigate Home Health Care
Home health care is a significant issue now and is expected to be well into the future. Every day, 10,000 Americans turn age 65 and the pace for health care related jobs is growing at a significant rate, expected to increase by up to 18% through 2026. Understanding the labyrinth of health care options and… Read More »
Do You Really Need to Revise Your Estate Plan?
Revision of an estate plan can be an involved and comprehensive process depending on how many documents and strategies you’d already had created. If your estate planning documents do not meet your current estate planning objectives or if there have been significant changes in the state or federal landscape since you last updated these materials,… Read More »
Assisted Living Options: What Is a Private Apartment?
When it comes to assisted living options, there are several different kinds of ways that you can move an elderly loved one into a facility that allows them to live an independent lifestyle while still getting the support that they need. One such example is a private apartment. Many assisted living facilities all over the… Read More »
Retiring in Massachusetts? Match Your Plans with Your Estate Goals
Are you planning to retire in Massachusetts in the next few years? It’s a good reason to set aside some time for a chat with an MA estate planning lawyer to discuss how your estate and retirement plan align. Unfortunately, Massachusetts has earned somewhat of a reputation for being an unappealing state of residency for… Read More »