Every year, you should look at your overall financial picture while you begin to gather your documents and materials for filing your taxes. Completing these two tasks earlier on in the year often amounts to better tax efficiency. Working with your financial advisor, any other financial team members like your CPA, and your estate planning… Read More »
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Seven Things to Review as You Create Your Estate Plan
Many different factors should be discussed and considered during the process of creating your personal estate plan. Creating your estate plan is critical for future and financial planning for you, your family members and any other beneficiaries who may receive assets in the future. Estate planning is a combination of thinking about what happens to… Read More »
What Documents Do Elderly Parents Need in Their Estate Plan?
People of all ages can benefit from creating an estate plan. If you are helping your elderly parents document their wishes, it is important to consider the documents that may be most relevant for doing this. A knowledgeable estate planning attorney can help you to discuss these. Estate Plan Basics: Trusts One option is a… Read More »
Unintended Consequences of Poor Power of Attorney Planning
All too often, it seems like the simplest solution to creating your estate plan is turning online to download paperwork. However, it is all too often the case that problems can arise with either a health care or durable financial power of attorney. If these documents are not prepared or executed correctly and you lose… Read More »
Is Estate Planning Flexible?
Most people who have not done their estate planning yet have plenty of questions about how the process works and what this means for them. One question you may be asking is whether or not your estate plan is flexible. What Causes Changes in Estate Plans? You may be concerned about establishing a plan now… Read More »
What Is an Underutilized Estate Plan?
Many mistakes, errors, and overlooked issues could limit the possible impact of your estate plan. When you don’t understand each document and strategy inside your estate plan, this may not necessarily reflect your wishes. If your estate plan cannot be executed for any reason, it is underutilized. Hiring an Estate Planning Lawyer to Help A… Read More »
Where Can I Find a Qualified Estate Planner?
Working with an estate planning lawyer, also known as an estate planner, is one of the only ways to ensure that your primary goals are covered in full in your estate planning process. The support of an experienced and qualified attorney can go a long way in making things easier for you with your entire… Read More »
How To Discuss an Inheritance with Your Loved Ones
Leaving aside a legacy and an inheritance for your loved ones is common practice, and especially in light of how much is expected to transfer to other generations in the coming years, it is important to keep your loved ones on board with your decisions. What to Cover in an Estate Planning Conversation While you… Read More »
Created A Will? Good! Don’t Stop There.
A will is a basic and very important component of your estate plan, but it is only the foundation. You may need other documents and strategies in place to help accomplish each of your estate planning goals. You probably created a will to ensure that guardianship of your minor children is addressed if applicable, or… Read More »
What to Know about Gifting Powers with Powers of Attorney
Gifting powers are one of the most consequential provisions in any Massachusetts power of attorney — understanding them before you sign is critical. Why Grant Gift Making Powers? There are a few different reasons why you might work with your estate planning attorney to allow your agent to have gift making powers. For example, perhaps you… Read More »