When someone passes away, managing the debts and liabilities they leave behind is a large part of settling their estate. Understanding strategies to handle estate debts effectively can ensure a smoother process for executors and beneficiaries. Understand the estate's...
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Local : 617-379-0022
Toll Free : 866-591-4451
Estate Planning
Estate planning considerations for blended families
Estate planning for blended families can be complex due to the dynamics of step-relationships and children from previous marriages. To ensure that estate plans fairly address the needs of all family members, one must carefully consider several factors. Clear...
Will my estate owe state estate taxes?
When making estate plans, individuals should consider any estate tax liability. The estate may have to pay taxes on the federal and state levels. In Massachusetts, there is an estate tax. Understanding the rules about this tax can help ensure the estate pays in...
4 things to consider with your power of attorney
A comprehensive estate plan should include a power of attorney. It grants someone the authority to make decisions on your behalf if you become incapacitated. When creating a POA, there are several important elements to consider as you protect your interests. 1....
Providing for your disabled adult child after your death
When considering the future, parents of disabled adult children face unique challenges in ensuring their well-being. Planning is key to securing a stable and supportive environment for them. With careful consideration, you can pave the way for a more secure future for...
When and how to update your revocable trust
A revocable trust is a valuable tool in estate planning, allowing you to manage your assets during your lifetime and distribute them according to your wishes after you pass away. However, you need to periodically review and update your trust to ensure it continues to...
4 reasons to incorporate long-term care into your estate plan
As individuals age, the importance of incorporating long-term care planning into their estate becomes increasingly evident. Foresight in addressing potential healthcare needs can significantly impact financial stability and family well-being. 1. Financial security in...
Estate planning and the five-year lookback period for Medicaid
Estate planning is an important aspect of financial management. It can involve aspects such as a will, trusts, beneficiary designations and health care proxies. One key element to consider is the Medicaid five-year lookback period. This regulation demands careful...
How succession planning protects your business
Effective succession planning helps ensure the longevity and stability of your Massachusetts business. In the ever-evolving landscape of the business world, organizations face numerous uncertainties. Having a strategic plan in place protects against unexpected...
What are the benefits of a living will?
In the hustle and bustle of your daily life, the thought of facing unexpected health crises can be unsettling. It is during these uncertain times that a living will becomes a beacon of assurance. A living will describes your healthcare preferences in case you are...