Are you lucky enough to own that special place, whether it’s a camper in Maine or a house on the Cape, where you, your children and your grandchildren can go to enjoy some time away together during our all-too-brief New … Continue reading
Estate planning, tax minimization and asset protection concerns are very different for single people versus married couples. Learn what steps singles need to take to protect yourself and preserve your assets. Attend one of my elder law seminars … Continue reading
Posted in Elder Law, Estate Planning, Estate Taxes, MassHealth, Probate, Wills
Tagged avoiding probate, Durable Power of Attorney, Elder Law, Estate Planning, Estate Tax, estate tax planning, family trust, Health Care Proxy, Irrevocable Trust, MassHealth, Nursing Home Care, Trust, Will
Last week I met with a delightful couple in their early 80’s with a big problem. Over 10 years ago, at the urging of their four children, these folks transferred to their kids a so-called “remainder interest” in the … Continue reading
Tagged Cottage, Elder Law, Estate Tax, family trust, Irrevocable Trust, MassHealth, Nursing Home Care, Reverse Mortgage, revocable trusts, Trust, trust beneficiaries, Trustee
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As I write this, it is still December. When you read it, it will likely already be January. December is a time for reflection; January is a time for new resolutions. Let me tell you my resolutions and suggest … Continue reading
Tagged Alzheimer's, Caregiver Homes, Durable Power of Attorney, Elder Law, estate tax planning, Health Care Proxy, Nursing Home Care, Personal Representative, Power of Appointment, revocable trusts, Trust, Will
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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
Have you been to your cottage on the Cape recently? Or perhaps your place in Maine, or on the lake in New Hampshire, or the getaway in the Berkshires? Wasn’t it great to see your children and grandchildren, enjoying … Continue reading
You have just finished signing your new estate planning documents. Should you inform your children about your decisions, or better yet, give them copies of your documents? There is no right or wrong answer to this question, and lots of … Continue reading
Most Trusts give the Trustee broad discretion in making investments, dealing with Trust assets, making distributions to beneficiaries, etc. Usually the Grantor of the Trust has strong opinions about how the Trust should be used for the beneficiary. Distributions can … Continue reading
One of the best tools to provide flexibility for the future is the use of powers of appointment. These can be “general” (appointees can be anyone, including your creditors, your estate and your estate’s creditors) or “special” (limited to a … Continue reading