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Perhaps you are about to schedule your first estate planning meeting with your attorney. Or perhaps you just realized you have not updated your documents in at least five years. No matter your stage of preparation, here are five tips to help you avoid estate planning...
Long-term care insurance has always been a hot topic in the insurance industry. Essentially, because Medicare does not cover long-term care with the exception of doctor-prescribed instances, paying for long-term care can be a big challenge. While many Americans have...
Although end-of-life care and planning your estate are not pleasant topics to ponder, you and your family should discuss your wishes early and often. Outlining what you want to happen to your body and your assets in case of your incapacitation or death will alleviate...
Wills and trusts are two valid estate planning tools you can use to distribute your assets after you pass, but they function differently in how they accomplish your goals. Both legally binding documents give you the final say in where your assets go upon your death....
If your elderly mother or father needs to move into a nursing home, you have no shortage of options. Indeed, according to the Centers for Disease Control and Prevention, there are almost 16,000 nursing homes in the U.S., providing long-term care to more than 1.3...
The population of the United States continues to get older on average, with more and more adult children taking care and looking after the affairs of their parents. Massachusetts has an even slightly higher percentage of older adults than the national average....
Having an adult child who has a disability can be worrisome. After all, despite being unable to work, your child has expensive needs. Beyond that, like everyone else, your son or daughter has living expenses to pay every single month. Fortunately, according to...
As you plan your will out, there may be many thoughts running through your head about who you want to choose for your executor. Since this person is in charge of your assets and debts, you need to pick someone with certain personality traits and skills. Not looking at...
There are a few estate planning and personal reasons to gift money to your adult child. If your son or daughter needs a bit of a boost, giving him or her some cash may not be a bad idea. Luckily, according to NerdWallet, you can usually give up to $15,000 without...
Acting as the executor of a will is a serious responsibility. The law defines the duties of an executor of a will in Massachusetts, and also defines the penalties for abusing the role. A decedent nominates an executor to oversee the affairs of their estate after they...
