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 »
Posts Categorized: Estate Planning
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 Does Capacity Have to Do with Estate Planning?
As a loved one gets older or as you contemplate your own need for estate planning, you want to make sure that people in your family have planned for their own future. This means not only considering what happens to their assets after they pass away, but who will step in and manage their affairs… Read More »
Why Incapacity Planning Is Important, Even If You’re Married
Estate planning often leads people to start the process with thinking about what happens to their assets after they pass away. That is certainly important and will help your loved ones by making it easier for them to handle your estate. However, incapacity is another leading reason why you need to have an estate plan… Read More »
Can You Avoid Unnecessary Probate Costs?
After you pass away, your estate will most likely go through a process known as probate. This estate administration process can be time-consuming, very involved for the executor appointed to handle these matters, and costly. It can also be frustrating for your heirs. The good news is that you can usually avoid probate with some… Read More »
Selecting A Nursing Home for Someone With Alzheimer’s? Here’s What You Need To Know About Falls And Other Injuries
As part of their estate plan, or as part of crisis planning for Medicaid, you may be working with an experienced estate planning attorney to help provide someone in your family with a transition into a nursing home. Choosing a nursing home is a very emotional process, especially if the person being placed in the… Read More »
Planning for Your Digital Legacy
An estate plan often focuses on tangible property such as jewelry, artwork, money, and vehicles. However, in this age of technology, it is important to remember to include your digital assets. Digital assets consist of everything we own online. Because we spend more time on computers and smartphones than we ever did before, you may… Read More »
How Cryptocurrency and NFTs Fit into Your Estate Plan
Five years ago, cryptocurrency was probably not on your radar. Today, it may be an important investment in your portfolio. You could even own some nonfungible tokens (NFTs), which are powered by the same blockchain-based technology. Despite the dizzying fluctuations in the value of these assets, you should ensure that they are included in your… Read More »
What To Know About Caregiver Communication For Someone With Dementia
As we approach the estate planning process for someone who may have been recently diagnosed with dementia, it is extremely important to think about caregiver communication. Estate Planning Documents The appropriate estate planning documents including powers of attorney can appoint authorized individuals to make decisions and speak on your behalf. Many different documents may be… Read More »