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10 Things to Do Before Flying South for the Winter

10 Things to Do Before Flying South for the Winter

The summer temperatures are calming down a bit this week, and we are (reluctantly) starting to think about the fall and winter months. If you are a New Englander who flies south for the winter, there are some estate planning elements that you should review or initiate. These items help you prepare for the “what...
Preparing Your Adult Child: 3 Essential Legal Documents

Preparing Your Adult Child: 3 Essential Legal Documents

As our children embark on their next chapter in life, whether it’s heading off to college, taking a gap year, or entering the workforce, we parents face a bittersweet milestone. Our kids, now 18, are legally considered adults. While we’ve done our best to prepare them for what lies ahead, we may still need to...
4 Ways to Use Trusts for Future Generations’ Inheritance

4 Ways to Use Trusts for Future Generations’ Inheritance

As you plan for your family’s financial future, trusts can be powerful tools to efficiently protect and transfer wealth. Using a Trust to hold inheritances for children or grandchildren can allow you to leverage annual gifting and potentially reduce estate taxes. 1. Trusts as Inheritance Vehicles Setting up a trust to hold assets for your...
7 Reasons to Preplan Your Funeral

7 Reasons to Preplan Your Funeral

More frequently, we are hearing clients talk about wanting to plan ahead for all aspects of their aging, including planning for their final funeral wishes.  While not necessarily a “fun” way to spend one’s time, planning for end of life can have many benefits.   One of the strategies often used is to prepay for funeral...
7 Long Term Care Considerations

7 Long Term Care Considerations

A point of discussion we often have with our clients concerns the issue of long term care.  On most days, we receive questions such as, “How do I protect my assets?” and “How do I make sure that I get the care I need as I age?”.   Thinking about long-term care costs is a wise...
Adding a Property to a Revocable Trust

Adding a Property to a Revocable Trust

We are often asked by clients who have a revocable trust, whether they can put their property into that trust, and the answer is usually yes. What if there is a mortgage? Even if that property has a loan against it, you can transfer ownership of the property into a revocable trust of which you...
Don’t Sign Another Health Care Proxy!

Don’t Sign Another Health Care Proxy!

A healthcare proxy document is a document that you sign appointing someone else to step into your shoes should you need healthcare decisions made when you’re incompetent or incapacitated. Clients will often ask: What happens when I go into my doctor’s office or go in for to the hospital for a procedure and they want...
Assisted Living Resident Agreements:  Key Points to Know Before You Sign

Assisted Living Resident Agreements: Key Points to Know Before You Sign

Like change of any kind, moving into a new community can be both exciting and overwhelming.  Whether you are dealing with the emotion of leaving a community that you have lived in for a long time, or experiencing changes in your health, moving to a new community can be difficult but provide incredible benefits.  One...
New Mass SJC Ruling Affects Inheritance Rights of Families

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...

Beneficiary Designations – Proceed with Caution

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...

Ribbon Cutting with Middlesex West Chamber of Commerce

Today the Middlesex West Chamber of Commerce celebrated Generations Law Group with a ribbon cutting! Jonathan Kerr, Executive Director of the Chamber gave a nice speech, presented a certificate to the firm, and wished us well in serving families in Acton, Sudbury and Greater Boston.   Above:  Phil Summers, Cathleen Summers, Erica Endyke

Join us for the Generations Law Group events

RIBBON CUTTING IN ACTON with the Middlesex West Chamber of Commerce Friday, September 22 from 12pm – 1pm Casual lunch will be provided 179 Great Road, Suite 109, Acton, MA 01720 OPEN HOUSE IN SUDBURY Thursday, October 5th from 4pm – 6pm Serving hors d’oeuvres and beverages 111 Boston Post Road, Suite 101, Sudbury, MA 01776 Please RSVP...

To better reflect the firm’s work of providing comprehensive legal services to the “sandwich generation” – those who balance their own needs while managing the futures of both their aging parents and their children – the firm name is changing from Bay State Elder Law to Generations Law Group. “When a parent or in-law has...

Should you hold your family’s property in an LLC for greater protection?

Families or individuals who own multiple investment properties, multifamily apartment buildings or lease to commercial tenants, should consider purchasing properties as an LLC or transfer current properties into a newly formed LLC. What is an LLC? An LLC is a business entity created under Massachusetts law by drafting and filing Articles of Organization with the...