Dorothy from the Wizard of Oz had it right: “there’s no place like home”. As we move through life, trying to avoid the Wicked Witch of the West and the Flying Monkeys, our home is a place of great love, security and comfort. Often a lifetime of memories with family and friends is created within...
In estate planning, it can be very confusing understanding the terminology that is used to describe the important fiduciary roles. Have you heard the term personal representative? How’s that different from a Trustee? And what is the difference between a Guardian and Conservator? Here is a quick review of the labels or terms you should...
When parents create their estate plan, one of the decisions that must be made is how to divide their estate among their children. For some, the answer is simple – every child gets an equal share; for others the situation is more complicated and leaving equal shares is not the desired choice. Sometimes the relationship...
If you recently signed revocable trust documents, Congratulations! Establishing the building blocks of your estate plan is an important first step in creating peace of mind for you and your loved ones. One of the main benefits of a revocable trust is the ease of administration for your loved ones and avoidance of the need...
As more seniors are struggling financially, an increasing concern those who are or will be managing their parent’s estate have is “Am I going to be responsible for my parent’s debt?” Credit card debts and medical expenses can often overwhelm a family’s finances. The last thing a parent wants is to pass their debts onto...
It is undeniable that we are a digital economy. According to Pew Research Center, approximately 87% of our population uses the internet. This means that an overwhelming majority of Americans are relying on electronic networks for regular methods of communication, organization and life management. We use our on-line life for so many things: family photos...
Last week I had an opportunity to sit with a new client who said it had been several years since he had reviewed his estate plan. During that time he had lost his wife and one of his children had married and had a child. As part of our review process, we look at his...
In today’s (February 7, 2019) Boston Globe, a heartbreaking story made the front page. The story is about a family who has been living in the same home for almost 40 years in Cambridge, Massachusetts, and is now facing the loss of the home due to the death of their patriarch. Several generations of this...
Going to the hospital for a procedure can be stressful and, at times, confusing. A hospital will usually ask you if you have a Health Care Proxy (HCP) in place. If you do not have an HCP, or are unsure, they will ask you to sign a simple Massachusetts HCP form. As you are probably...
The holidays are a time when families and friends, who come from both far and near, have a chance to gather and reconnect. This can mean visiting with a loved one that you may have not seen for an extended period of time. Age-related decline can happen quickly and, in many cases, seniors are skilled...
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