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Individuals who require long-term care may have family members and friends who face this issue for the first time and feel unsure about the future. The National Institute on Aging notes that the purpose of this care is to ensure the patient's quality of life and...
If it is possible your pet could outlive you, then you should make a plan for it. Many animals end up in shelters each year because their owners died and did not plan ahead. The General Court of the Commonwealth of Massachusetts explains the state does allow you to...
As of 2021, the federal threshold for paying estate taxes for $11.7 million for single individuals or unmarried couples and $23.4 million for married people. However, the limit for Massachusetts is only $1 million dollars, so if your gross estate (including adjusted...
When you are expecting a child, it is easy to feel like that is where all of your time and attention should go. After all, preparing for a child in your life takes a lot of effort and advanced planning. But at the same time, this is the last period of time in a long...
Your parents worked hard throughout their lives to build wealth. While your mother and father likely have enjoyed the benefits of their fortune, they also may have promised you an inheritance. If your parents' estate plan has changed recently, an undue influencer may...
When an individual is a minor child, he or she possesses a guardian in order to make legal and financial decisions in his or her best interests. In most cases, the guardian of a child is the child's parent, but it is possible for other people to hold this role....
If you run a company, then you have different options available when it comes to dividing it between your heirs. You may choose to divide the company equally, distribute unequal portions or give parts of it to some heirs and not others. Consider the circumstances The...
While older adults may qualify for Medicare, PACE, Medicaid and VA healthcare benefits, they may still need help to pay for medical care. Private finance options could help bridge the gap, or some adults may prefer alternative payment methods for long-term health...
When it comes to your estate plan, one of the most difficult conversations to have is the one involving your minor children. Setting up a guardian for children is one of the most critical details and while you may not want to imagine a world where your children grow...
Medical and financial powers of attorney are documents that provide essential legal abilities for an agent acting on behalf of the principal. However, each POA also provides many advantages in making life easier for the principal. Primary goals A power of attorney is...
