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...
Albanese Law, LLC
Healthcare and financial POAs offer benefits beyond the obvious
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...
Third-party special needs trusts offer these 2 benefits
When you live in Massachusetts and have a child with special needs, you may need to take additional steps during estate planning to make sure your actions do not impact your child’s eligibility for government assistance. Individuals with disabilities need to undergo...
Who makes a good health care proxy?
Even if you have enjoyed good health throughout your life, you may eventually suffer a catastrophic injury or develop a debilitating illness. If that happens, you may not be able to make medical choices for yourself. Still, you probably feel uncomfortable with losing...
Benefits of estate planning
Death is a subject most people prefer to avoid thinking or talking about. Despite the discomfort, planning for what will happen to your estate after you pass is a concern every adult should address. There are many documents that may go into your estate plan depending...
Do I really need a health care proxy?
We all like to think that we’ll be hale and hearty until the end of our days. For many of us, just thinking about becoming terminally ill, being in a serious accident, or losing ourselves to a degenerative disease can be too much to bear. Sadly, though, ongoing good...
Planning to improve the lives of those you love
People tend to think about estate planning in terms of death and dying. While these concepts are central to the process of estate law, preparing for your death is not the point of most estate plans — you are preparing to improve the lives of those who survive you....
Important times to update an estate plan
There are several important times in the life of an estate planner when they should consider updating their estate plan. This is in addition to regularly reviewing their estate plan. Estate planning is in important part of an estate planner’s life which is why an...
5 questions to help your parents with estate planning
When adult children find out about their family’s estate after the parents die, this limits the extent of what they know about their parents’ wishes. Having financial discussions up front gives more opportunity for planning. Asking the right questions of your aging...
What events require you to update your estate plan?
After creating your estate plan, you may have found no need or reason to review it. Yet, if you have let yours sit for years, it may no longer reflect your assets, beneficiaries or intentions. Failing to update your plan could create discord among your loved ones once...
