Estate planning is a crucial financial and legal process that provides peace of mind, ensures the orderly distribution of assets, and minimizes potential complications for heirs. However, many people in Massachusetts often wonder when the ideal time is to embark on estate planning. This article will discuss the best age to start estate planning in… Read More »
Posts Categorized: Incapacity
What Is Long-Term Care Insurance?
Long-term care insurance (LTCI) is a specialized policy designed to reimburse policyholders a set daily amount for services associated with long-term care services. As individuals age or face chronic illnesses, they may require various types of care that standard health insurance and Medicare do not cover. LTCI can provide financial assistance for these services, offering… Read More »
How Do I Get An Elderly Relative Declared Mentally Incompetent?
In Massachusetts, declaring an elderly relative mentally incompetent involves a legal process designed to protect their rights while ensuring their safety and well-being. Here are the steps to follow: Declaring an elderly relative mentally incompetent is a significant step that should only be taken after careful consideration and only if it is in the best… 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 »
Timing Matters: The Best Age to Start Estate Planning in Massachusetts
Estate planning is a crucial financial and legal process that provides peace of mind, ensures the orderly distribution of assets, and minimizes potential complications for heirs. However, many people in Massachusetts often wonder when the ideal time is to embark on estate planning. This article will discuss the best age to start estate planning in… Read More »
Why Young Adults Should Create an Estate Plan
As a young adult, you may not think creating an estate plan is necessary. After all, you’re just starting out in life and have plenty of time to worry about these things later, right? However, the truth is that unexpected events can happen at any time, and it’s important to be prepared. Creating an estate… Read More »
What Does Capacity Have to Do with Estate Planning?
As a loved one gets older or as you contemplate your own need for estate planning, you want to make sure that people in your family have planned for their own future. This means not only considering what happens to their assets after they pass away, but who will step in and manage their affairs… Read More »
Why Incapacity Planning Is Important, Even If You’re Married
Estate planning often leads people to start the process with thinking about what happens to their assets after they pass away. That is certainly important and will help your loved ones by making it easier for them to handle your estate. However, incapacity is another leading reason why you need to have an estate plan… Read More »
How Is Incapacity Evaluated in MA?
Incapacity is an important term as it relates to estate planning. The existence of a power of attorney enables you to authorize someone else to make medical decisions on your behalf if you are incapacitated and unable to do so. Many estate planning instruments like this become active when the person who created it becomes… Read More »
Have You Discussed Incapacity Documents with Your Family This Holiday?
Holidays look different in 2020, meaning that many people are taking this opportunity to keep their loved ones updated virtually. It can be difficult to have conversations around estate planning regardless but it might be easier to broach these topics virtually, specifically when it comes to documents around potential incapacity. Estate planning incorporates a broad… Read More »