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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...
7 Reasons Every Adult Needs Health Care Directives

7 Reasons Every Adult Needs Health Care Directives

Health care planning, such as the creation of a health care proxy here in Massachusetts, is critical for anyone over the age of 18, not just older adults. Here are some reasons why health care planning is important at every stage of life: 1. Preventative Care Health care planning allows individuals to prioritize preventative care...
Massachusetts Probate Law: Do my assets have to go through Probate?

Massachusetts Probate Law: Do my assets have to go through Probate?

You have probably heard from friends or relatives who’ve gone through it.  Probate is a time-consuming, expensive, and very public process. Not to mention it can sometimes be unpleasant. Anyone, especially your children’s ex-spouses and creditors, can see many private things about you, such as personal information, your finances, including your debts, the value of...
Can You Name More Than One Trustee?

Can You Name More Than One Trustee?

A question we receive frequently is “Can I name more than one person to serve as a co-trustee of my trust?” The answer is yes, you can, but it may cause some complications. There are a couple of things for you to consider: Financial institutions. A trustee’s job is to manage and distribute assets based...
Do Changes to the Massachusetts Estate Tax Mean Changes to My Estate Plan?

Do Changes to the Massachusetts Estate Tax Mean Changes to My Estate Plan?

The estate tax applies to the estates of individuals who passed away with a taxable estate exceeding a certain threshold. In August, Massachusetts increased its estate tax “threshold” to $2,000,000 for the estates of all decedents who died on or after January 1, 2023. This doubles the estate tax exemption (from $1,000,000) that had been...
Striving for Family Harmony

Maintaining harmony during the holiday times can be a wonderful goal, as this period often involves increased social interactions, family gatherings, and various activities. Here are some tips to help you foster a harmonious atmosphere: Communication: Clearly communicate plans and expectations in advance. This helps avoid misunderstandings and ensures everyone is on the same page....