Families come in all shapes and sizes and today a large percentage of families are considered blended families. In fact, 40% of families in the US have at least one partner with a child from a previous relationship, 100 million Americans have a step relationship and approximately one-third of all weddings in America today form […] The post Estate Planning for Blended Families appeared first on The Heritage Law Blog .
Qualifying for Medicaid, called MassHealth in Massachusetts, is one of the largest benefits of using an Irrevocable Trust as part of your estate plan. An Irrevocable Trust protects your assets in the event of a long term care illness, such as Alzheimers, Dementia, Parkinson’s or Stroke where nursing home care is likely needed. The goal […]
Revocable Trusts and Irrevocable Trusts are both very valuable tools in Estate Planning, yet their differences are important to understand to ensure you make the right choice at the right time. If you have done some research on Estate Planning, you have likely heard the terms “revocable” and “irrevocable”. The term “irrevocable” might be alarming […] The post Revocable vs Irrevocable Trusts: Important differences appeared first on The Heritage Law Blog .
Few life stages are as simultaneously joyful and stressful as becoming a parent. Along with the emotional highs of this new stage, comes the practical reality that your new family requires you to ensure their health and safety. And while no one likes or wants to think about how your family would be able to […] The post Estate Planning for New Parents and Young Families appeared first on The Heritage Law Blog .
For many, charitable giving is a way of life. Whether it is to support an organization that has touched your life in a meaningful way, a school or university that put you on the road to success, or simply a cause that you feel passionate about, charitable giving not only offers emotional benefits, but practical […] The post Charitable Giving Through Estate Planning appeared first on The Heritage Law Blog .
If you are the parent of a child with special needs, you are likely faced with more challenges to overcome than you may have thought possible. You may be seeking resources to help you cope with wide array of hurdles from physical, developmental or emotional challenges. Parents of children with special needs are also faced […] The post Special Needs Estate Planning Considerations appeared first on The Heritage Law Blog .
Real estate is an essential part of most family’s financial portfolio. It is often the most valuable asset a family has and its value contributes significantly to the total value of the estate. Therefore, it is likely the most common asset an Estate Planner will need to consider in creating an Estate Plan. On April […] The post Attorney Karr Presents to Boston Bar on Estate Planning with Real Estate appeared first on The Heritage Law Blog .
If your pets are like mine, they already think they run the show in your home. But few people who have a Will have made provisions for their pets. Though it’s hard to think of our pets without us, the time may come that they will need someone else to care for them. Here’s how […]
As part of their ongoing effort to serve the needs of Seniors in the community, the Ipswich Council on Aging recently hosted Attorney Matthew Karr of The Heritage Law Center for an informative Seminar on Estate Planning and Asset Preservation. The hour-long presentation was attended by nearly 30 seniors who registered to attend the complimentary […]
On March 9th, Matthew Karr, Esq., of The Heritage Law Center in Woburn and Beverly, joined three colleagues to present an educational workshop for Lawyers on the topic of Estate Planning. The seminar, “Latest Techniques for Middle Class Estates – Thinking Beyond the Basics,” was held at the Massachusetts Continuing Legal Education Conference Center in […] The post Matthew Karr, Esq., Presents Estate Planning Seminar for Lawyers through MCLE appeared first on The Heritage Law Blog .