For many people, a trust is an integral part of a thorough and effective estate plan. Whether it is designed to avoid probate, reduce estate taxes, or protect assets, it is important that a trust is administered as instructed in the trust document to ensure that it serves its purpose. Therefore, one of the most...
Whether you are new to Medicare or have received benefits before, it is important to understand and take advantage of the Open Enrollment period to make changes for your 2022 coverage. If you are already enrolled in Original Medicare, a Medicare Advantage Plan or Medicare Part D and do not want to make any changes...
The Office of Attorney General’s Office in Massachusetts has issued an informational advisory to all residents of nursing home facilities (also known as long-term care facilities) and their family members. They want everyone to know that the recent Stimulus payments, also known as economic impact payment made under the CARES Act, are property to the...
In this webinar, which was recorded on May 14, 2020, Nurse Attorney Cathleen Summers and Attorney Phil Summers discuss the details of probate – how long the process takes, what’s involved, and why you want to avoid it now and at any time in the future. In order for you to easily access this information,...
How Coronavirus has changed the way we say “hello” I’m a hugger, there is just no getting around it. When I meet someone I know, my first inclination is to give them a hug. It’s my way of saying how happy I am to see the person and to convey the message that they are...
While we all hope for a happy and prosperous new year, scammers aren’t so generous of spirit. With the start of the new decade and new year, many of us commonly abbreviate the year 2020 as simply ’20. In the past, using an abbreviation for the year didn’t matter as much. Now, it could cause...
Dear Generations Law Group, I’ve been updating my Naughty and Nice List and checking it twice. This got me to wondering, “Should I be updating my Estate Plan too?” Yours Truly, Kris Kringle Dear Mr. Kringle, Thank you for your letter and question! You started off on the right path by creating an estate plan....
Recently, the Boston Globe reported that the Massachusetts Supreme Judicial Court handed down a major ruling affecting the future inheritance rights of families, and in this case specifically, blended families. In a unanimous decision, the court ruled that spouses are entitled to one-third of their deceased spouses’ estate – effectively cancelling out the late spouse’s...
Whenever we purchase a life insurance policy, open a mutual fund, or enroll in a company retirement plan, we are usually asked to designate a beneficiary. After naming these individuals, we never give it much thought again. Maybe you’ve named your spouse, one of your parents or your children. After your death, these assets are...
Aretha Franklin reportedly did not have a Will or Trust at the time of death. Aretha Franklin’s final wishes may not get the respect they deserve. It was reported in the news that legendary singer, Aretha Franklin, did not have a will or trust at the time of her passing. According to the Detroit Free...
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