What Is A Life Estate And How Will It Affect My Inheritance In Massachusetts?

A life estate is a legal arrangement that grants an individual, known as the “life tenant,” the right to live in and use a property for the duration of their lifetime or the lifetime of another specified person, called the “remainderman.” In Massachusetts, as in many other states, a life estate can have implications for… Read More »

What Is The Older Americans Act?

The Older Americans Act (OAA) is a federal legislation in the United States that was first enacted in 1965 and has since been reauthorized multiple times. This act addresses the needs and concerns of older adults, typically sixty and above, to promote their well-being, independence, and quality of life. Key components and objectives of the… Read More »

What is the Difference between Guardianship and Conservatorship in Massachusetts?

In Massachusetts, when making decisions for individuals who cannot manage their personal and financial affairs for various reasons, two legal mechanisms come into play: guardianship and conservatorship. While both have a similar purpose, they have distinct differences in scope and responsibilities. Let’s look at the differences between guardianship and conservatorship in Massachusetts. What Is Guardianship?… Read More »

Why Is A HIPAA Release Crucial for Young Adults?

As young adults pass into independence and adulthood, they often encounter various responsibilities and decisions that their parents or guardians previously handled. One critical aspect of adulthood is managing personal health and medical information. In Massachusetts and across the United States, the Health Insurance Portability and Accountability Act (HIPAA) regulates the privacy and security of… Read More »

What Is The Difference Between Dying Intestate vs. Testate in Massachusetts?

Planning for the inevitable is a crucial aspect of life, and estate planning plays a pivotal role in ensuring your assets are distributed per your wishes after your passing. In Massachusetts, as in many other states, individuals have two primary options for managing their estate: dying intestate (without a will) or testate (with a will)…. Read More »

How Do I Protect My Loved One`s Inheritance?

Planning your estate is about distributing assets and confirming that your loved ones are taken care of in the best possible way. Sometimes, you may be concerned about a beneficiary who may not have the financial discipline to handle a substantial inheritance responsibly. In such cases, Massachusetts offers various estate planning strategies to protect and… Read More »

How Do I Plan For A Future with Alzheimer’s Disease?

Acquiring a diagnosis of Alzheimer’s disease can be overwhelming, both for the person diagnosed and their loved ones. While the journey ahead may seem uncertain, it is important to take proactive steps to ensure that your needs will be met in the future. Planning early can significantly improve your quality of life and reduce the… Read More »

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 »