You’ve just found out that you are going to receive an inheritance. A loved one or a friend has left you a bequest as part of their estate…what a wonderful gift. While it seems unlikely, there are situations where it makes sense for a beneficiary to not receive their inheritance. Why would someone do this...
When health issues arise that require a high level of care, some folks are finding success with receiving Medicaid (known as MassHealth in Massachusetts) home care instead of moving to a nursing home. There are different qualifications to be eligible for home care versus nursing home care – we broke down the differences. Home Care...
When working with your estate planning attorney, you want to make sure you’re putting the right people in the right positions. Therefore, it’s important to understand the common terms for the players in your estate plan. Who does what in Estate Planning? Fiduciary: All persons or financial institutions (i.e. a bank or company) who act...
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Valentine’s Day bring roses, chocolates, and romance. But for Estate Planning Attorneys, it also brings “I love you” Wills. This simple Last Will and Testament is primarily used by married couples where each spouse leaves all their assets to the survivor of them. Upon the surviving spouse passing, then their remaining assets are left to...
Some of the most essential documents to have in your estate plan are your health care directives. These documents provide a framework on how you would like important health care decisions to be made if you’re ever unable to make them for yourself. There are typically three health care directive documents in an estate plan....
Over the last 20 years while practicing elder law, our aging adult clients have told us that their primary goal is to maintain their independence and stay in their home. This desire to “age in place” has been increasing in popularity. Even before the pandemic, polls were showing a shift to the living trend of...
There are many things in life we need to do but often struggle to complete. It’s not that these things aren’t important – life just gets in the way sometimes. One of the important tasks that we tend to put off is completing our estate plan. Reasons for procrastinating There are many reasons people delay...
With new year fast approaching, now is a good time to review your estate plan to make sure it still reflects your values and wishes. The following are important items to reflect on as you create your year-end to-do list. Estate planning checklist Make sure the funding of your revocable trust is complete. This re-titling...
The loss of a loved one is one of the most difficult things to go through in life. After the grief subsides, deciding if the person’s estate must be probated is confusing, time consuming and expensive. Avoiding probate will move the estate distribution much faster to the heirs, so many often wonder if probate is...
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