Estate sales are an essential part of settling the affairs of a loved one in Massachusetts. Thesesales liquidate assets and possessions, ultimately distributing the proceeds amongbeneficiaries. Understanding how estate sales work is crucial, as it can help streamline theprocess and ensure an efficient and fair distribution of assets. In this article, we will guide youthrough… Read More »
Posts Categorized: Assets
Updating Your Massachusetts Estate Plan: Key Steps Before the New Year
As 2023 draws to a close, it’s a perfect time to revisit your Massachusetts estate plan andensure it’s up-to-date and aligned with your current wishes and the latest legal requirements.Estate planning is an ongoing process, and making the necessary updates before the new yearcan provide you with peace of mind and protect your legacy. Today… Read More »
Timing Matters: The Best Age to Start Estate Planning in Massachusetts
Estate planning is a crucial financial and legal process that provides peace of mind, ensures the orderly distribution of assets, and minimizes potential complications for heirs. However, many people in Massachusetts often wonder when the ideal time is to embark on estate planning. This article will discuss the best age to start estate planning in… Read More »
Massachusetts Estate Tax Exemptions: A Guide to Recent Changes
Estate Tax Essentials The Revised Massachusetts Estate Tax Exemption The estate tax exemption establishes a threshold to determine whether an estate is liable for taxation. Massachusetts has recently introduced adjustments to this exemption threshold, marking a significant change from previous years. For individuals who pass away in 2023, the exemption amount is $2 million. … Read More »
Who Needs an Estate Plan?
You maybe surprised about who needs an estate plan. If you have dependents, a business, specific requests or significant assets, you may need an estate plan.
What Can an Elder Law Attorney Do for You?
An elder law attorney can help you with estate planning, wills, probate, medicaid, trusts, and many much more
How To Do an End of Year Insurance and Estate Planning Check
The end of the year is the perfect time to tap into that resolutions energy and get your financial plan in order. If it’s been some time since you reviewed your documents and your overall financial strategy or estate plan, now is the perfect opportunity to do it. Reviewing Your Estate Plan Meeting with an… Read More »
Understanding the Value and Challenges of Family Limited Partnerships
There are many different estate planning strategies and options available to you, and one of the chief concerns for many people working with lawyers now is the ability to transfer generational wealth. In Massachusetts, you should always discuss creating a family limited partnership directly with an estate planning lawyer. What is a Family Limited Partnership?… Read More »
What Estate Planning Goals Can We Achieve When Someone’s Been Diagnosed With Alzheimer’s Disease?
The diagnosis of Alzheimer’s disease can have far reaching ripple effects throughout your entire family. It raises many different questions, chief among them, who will help to take care of your loved one in the immediate future and what will happen to their assets after they pass away. Estate Planning for Alzheimer’s or Dementia is… Read More »
What To Do If You Cannot Afford Out of Pocket Services for A Special Needs Child?
A special needs child will eventually grow up, but may still rely on important government programs and other forms of assistance to survive and thrive. Someone who has severe impairments may incur significant costs for health care, upwards of $100,000 per year. Understanding Special Needs Trusts Depending on the level of a person’s impairment, many… Read More »