Structuring your finances with estate planning can feel overwhelming for many reasons. However, developing a strategy that carries out your financial wishes and streamlines the process for your family is vital. Creating a living trust can help you prepare your estate...
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Boston Elder Law Blog
4 estate planning steps you should not overlook
The complexities of estate planning often lead to overlooked details. When you want the confidence that your estate plan is comprehensive, there are a few components you should address. There are four steps you should not overlook. 1. Choose a secondary executor You...
Estate planning for the terminally ill: 3 factors to consider
When a loved one receives a diagnosis of a terminal illness, such as metastatic cancer, the emotional impact is often considerable. As you attempt to help family members and the ill loved one to adjust to this new reality, the question of estate planning may come to...
What are some signs of undue influence on an elderly person?
When your elderly loved ones are crafting their estate plan, they may begin to show signs that someone else is pressuring them. This person could be directing and influencing your loved one from behind the scenes in order to get the majority of the inheritance....
The benefits of power of attorney
When you start addressing your estate planning and long-term care needs, one important component is power of attorney. Many people recognize the term but lack a full understanding of its role in long-term care planning. There are many benefits to establishing power of...
Should you leave your investment properties to your children?
With Massachusetts' beautiful streams and plains, this state has a lot of potential investment properties. While these are great to have during your life, what happens to them when you pass away? When planning your estate, you need to make important decisions about...
What should you put in your will?
One of the first questions when drafting an estate plan for the first time is what does and does not belong in a will. Regardless of your age or your financial holdings, you should create a will that sets out the people who you want to inherit when you die. Even an...
When is the right time to begin estate planning?
Estate planning has value for anyone, regardless of status or age. Putting off planning until you reach certain goals is a risky move and can cause disappointment later. As soon as you reach the legal age of adulthood, begin planning. Maintaining it over time will...
Facts to know about special needs trusts
As the parent of a child with special needs, it is important to make sure that your child has the resources to meet their long-term needs. A special needs trust provides a source of funds for your child to meet financial obligations, making it an important part of...
4 estate planning mistakes to avoid
After working hard and amassing wealth and assets, you want to ensure that it goes to the people you love upon your death. Unlike two-thirds of people who do not have an estate plan, according to Caring.com, you have planned ahead to ensure your wishes get met....