Category Archives: Uncategorized

Preparing for a successful transfer of wealth to your loved ones begins with a comprehensive estate plan. However, many of us often overlook the crucial part of communicating our estate plan to family and heirs. Our clients want us to help them protect and preserve their family assets, as well as, to protect and preserve …

Continue reading “Communicating Your Estate Plans and Goals With Family To Avoid Family Feuds!”

If the coronavirus pandemic has taught us anything, it is that life is uncertain. Too many aging Americans found themselves with a life-threatening COVID-19 illness in 2020 without legal documents naming trusted love ones to make decisions for their well-being while they were incapacitated. Family caregivers are generally given the task of some medical and …

Continue reading “Choosing and Appointing Your Legal Representatives “Helpers””

Did You know that your Will is your “admission ticket” to Probate Court? Did you know that Massachusetts does NOT have a statutory cap on legal fees on how much a probate attorney can charge your estate when you die? Who’s pocket is that money coming out of? Read on because you will learn alot …

Continue reading “Understanding the Probate Process – Your Will is Your Admission to Probate Court!”

A Letter of Instruction to My Trustees (LIT) or a letter of intent (LOI) can address many issues in both business and in more personal realms. Your LIT or LOI is a valuable piece in your estate planning, and although it is an informal letter, it can more fully represent your intentions after you die. Everyone …

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The first US Food and Drug Administration (FDA) approval for a drug to treat Alzheimer’s since 2003 has recently been introduced under the trademark Aduhelm™. The drug, Aducanumab, is a therapeutic drug that clinically demonstrates a potential to delay further decline from Alzheimer’s disease and is also the first FDA approval for a drug that does more …

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According to caring.com and despite the COVID-19 pandemic, overall percentages of older Americans without a will, in essence, remain the same. Remarkably, younger adults with a will show an increase of sixty-three percent comparative to pre-pandemic times. This 18 – 34 year old demographic is now sixteen percent more likely to have a will than those 35 …

Continue reading “Settling an Estate in the Absence of a Will a/k/a The Government Plan”

Assisted living communities provide essential care and a sense of calm and peace of mind for aging your parents. Identifying the suitable facility “fit” for your loved one is a journey requiring matching your parents’ needs, budget, and lifestyle with desirable locations. Research and preparation yield the best results when all parties participate by asking …

Continue reading “Six Steps to Take Before Moving Your Parents to an Assisted Living Facility”

It may be time to reconsider how you plan to pass generational wealth to your heirs since the federal estate tax exemption allowance appears to be in jeopardy of being lowered. Senate Democrats are proposing to lower the current estate tax exemption from $11.7 million to $3.5 million for individuals and $23.4 million to $7 …

Continue reading “Irrevocable Life Insurance Trust is a Great Tool to Avoid State Estate Tax”

Whatever your orientation, estate planning is crucial to protect your loved ones. In the LGBTQIA+ community, estate planning can legally protect against discrimination even if others are reluctant to recognize your relationship and your desire to permit your partner to make decisions for your care should you become unable to. Estate planning can also create …

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Whether you have a horse, dog, cat, parrot, or even more exotic pets such as a snake or lizard, it is possible to provide for them after you are gone or no longer are capable of tending to their needs by creating a pet trust. A pet trust is a legal arrangement that will specify …

Continue reading “Pet Trusts – Do You Have One?”