In the spring, as part of a my seminar series, I will be presenting “Elder Law for Couples,” in which I will discuss the ins and outs of estate planning for seniors. One of the new issues is a new … Continue reading
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For many of my clients, Thanksgiving is the best holiday of the year. The kids fly or drive in for dinner or a more extended stay. A child living in the area has often assumed the meal management duties. The … Continue reading
Tagged Durable Power of Attorney, Elder Law, Health Care Proxy, Irrevocable Trust, MassHealth, Medicaid, Nursing Home Care, Personal Representative, Power of Appointment, revocable trusts, surviving spouse, Trust, Will
I tell almost all of my clients who are married and have an estate worth more than $1,000,000 to consider using revocable trusts in their estate plan to defer payment of estate tax for as long as possible. This type … Continue reading
Tagged credit shelter trust, estate tax planning, family trust, federal estate tax, Internal Revenue Code Section 2056, marital deduction, Massachusetts estate tax, portability, revocable trusts, surviving spouse, unified credit
The conclusion of my previous post alluded to an estate planning strategy that tries to balance the needs of the surviving spouse and children as trust beneficiaries by taking advantage of the surviving spouse’s disclaimer rights. This post will discuss … Continue reading
Old habits die hard but recently I have found myself re-thinking some of the basic tenets of tried and true estate tax planning involving revocable trusts. This article discusses one such tenet, with others to follow in subsequent posts. Trusts … Continue reading