ARTICLES

Wills & Trusts: Will with a Testamentary Supplemental Needs Trust

Wills & Trusts: Will with a Testamentary Supplemental Needs Trust

Protecting assets from long term care facilities, like nursing homes, is often a top priority for most people when sitting down to meet with their estate planning or elder law attorney. When a married couple comes in looking to protect assets when one spouse is applying for MassHealth benefits, a Will with testamentary Supplemental Needs...
Problems in Probate: Unintended Estate Tax Consequences

Problems in Probate: Unintended Estate Tax Consequences

You have been very fortunate in your life – worked hard, saved your money and own your home.  Throughout the years, you have been able to rely on a wonderful loved one.  They check in on you often, help with your shopping and doctor’s appointments.  In recognition of this important relationship, you decide to leave...
Who Will Choose Your Legacy: You or the Court?

Who Will Choose Your Legacy: You or the Court?

Did you know, if you don’t have a current estate plan in place, the Massachusetts Probate Court will decide who will inherit your possessions, raise your children, manage your assets, and administer your estate? Without proper organization, your assets could go unnoticed or become lost and loved ones may not benefit from your years of...
The Best Next Step

The Best Next Step

Question: “I had noticed that my mom was starting to be a little more forgetful and having some trouble caring for herself. Mom’s neurologist determined that my mom is in the early stages of dementia. What do I do now?” We sympathize with our clients that have to navigate this type of challenge. The best...
The Scary Truth About Wills

The Scary Truth About Wills

We all know that a Last Will and Testament (Will) is an important thing to have.  We want to make it easier for our families after we have died.  But just having a Will often causes more problems than it solves.  The problem is that it may not be enough; it could be putting your...
Should You Name Co-Trustees?

Should You Name Co-Trustees?

When a client is in the process of creating a trust, one of the first questions that comes up is “How should I choose my successor trustee?”. (Find out our answer in the previous article “How to Choose a Trustee” ). The follow-up question is usually if they should name co-Trustees to manage their revocable...
How to Choose a Trustee

How to Choose a Trustee

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...
4 Common Types of Trusts

4 Common Types of Trusts

Understanding the types of trust that are available and discussing your goals and wishes with your estate planning attorney should be accomplished before you settle on which type of trust is best for you.  A Guide to Some Common Types of Trusts As discussed in our blog, “Trusts, not Just for the Rich and Famous”,...
Top 3 MassHealth Planning Mistakes

Having MassHealth pay for your care as you age can be an invaluable service. If you think you or a loved one may need MassHealth benefits in the future, there are some things you can do to in advance to meet the eligibility requirements. We’ve compiled the top three most common mistakes well-meaning individuals can...