A special needs child will eventually grow up, but may still rely on important government programs and other forms of assistance to survive and thrive. Someone who has severe impairments may incur significant costs for health care, upwards of $100,000 per year. Understanding Special Needs Trusts Depending on the level of a person’s impairment, many… Read More »
Posts Categorized: Estate Planning
How Might The State Estate Tax In Massachusetts Impact You?
Planning ahead for the future of your estate is important as it relates to your own retirement as well as what you hope to leave behind to your loved ones. When a state also assigns a state-level estate tax to your situation, you might need to make adjustments or consider advanced strategies to accomplish your… Read More »
When Do Health Care Estate Planning Documents Take Effect?
It can be important to document what kinds of care you want to receive and who is eligible to make decisions on your behalf if you are unable to do so. Your health care documents can take effect if your doctor determines that you lack the capacity to make your own health care decisions. Working… Read More »
Why Do I Need a Durable Power of Attorney?
You may have heard of many different kinds of estate planning tools that can all be used to help you accomplish your goals. One of these is known as a durable power of attorney. A durable power of attorney can be extremely helpful in situations in which you are not able to do things on… Read More »
What You Need to Know About A Massachusetts Durable Power Of Attorney
Naming someone else to make decisions on your behalf and take actions for you if you are unable to do so is a leading reason to create a power of attorney. A power of attorney document can help you to cover all of your bases if you become incapacitated and can no longer take these… Read More »
Are You Sure Your Estate Plan Is Customized For Special Needs Beneficiaries?
Taking care of someone with special needs is complicated while you’re still alive, but it becomes much more difficult if you don’t have a documented plan for what happens to this beneficiary if something happens to you. Understanding Special Needs Trusts Estate planning should always be customized to individuals and their intended heirs and beneficiaries…. Read More »
What’s The Difference Between Estate And Non-Estate Assets?
Understanding what you own and what you don’t own as part of your estate is important for the purposes of estate planning. Certain assets pass outside of the probate or estate process, and you’ll want to have appropriate plans in place to protect your loved ones for each type. Estate Assets Assets that are owned… Read More »
Six End-of-Life Care Documents Worth Putting in Your Estate Plan
It’s not easy to think about making difficult decisions at the end of your life. But if you’re unable to speak for yourself, it becomes much more difficult for your loved ones to handle these questions, too. Meeting with an estate planning attorney often begins by completing a questionnaire or an inventory about things that… Read More »
How Often Should You Review Your Will and Power of Attorney?
Most people think of estate planning as something that simply must be done. But the truth is that it’s an activity that starts with an initial meeting with an estate planning attorney and should be evaluated every couple of years along with other major life events. If you let your estate plan sit for years… Read More »
What Happens When a Caregiver Passes Away?
It is very important to have an estate plan in place and to appoint the right people to make decisions on your behalf if you’re unable to do so. When someone passes away, it is important to recognize that these estate planning documents can give a valuable roadmap to surviving family members. Older adults are… Read More »