As we have mentioned in recent blog articles, the Holidays are the perfect time to check in on your aging parents whom you may not see on a regular basis if you live a significant distance apart. Part of evaluating how they are faring day to day is a conversation about financial management. It is […] The post Role Reversal: Managing Your Parents’ Finances appeared first on The Heritage Law Blog .
Estate planning attorneys often receive calls from potential clients requesting how much a simple Will costs. What they do not know is that a simple Will – also known as a “Last Will and Testament” – in many cases, does not provide the type of protection they need. A simple Will often cannot accomplish the […] The post Will a simple Will do what you need it to do? appeared first on The Heritage Law Blog .
The Heritage Law Center is proud to announce that founder and Principal attorney Matthew Karr has been selected as a 2016 New England Rising Star by Super Lawyers Magazine. Super Lawyers, part of Thomson Reuters, is a research-driven, peer influenced rating service of lawyers who have achieved significant peer recognition and professional achievement. Attorney Karr […] The post Matthew Karr, Esq, selected as 2016 Super Lawyers’ Rising Star appeared first on The Heritage Law Blog .
Creating a joint bank account between Parents and their adult children may seem like a simple way to allow the adult child to write checks on behalf of their parent, or plan to avoid probate upon the passing of the parent. While it may seem like a simple solution on the surface, it can create […] The post Parent/Child Joint Accounts: Why they can be problematic appeared first on The Heritage Law Blog .
Just as soon as the sugar high of Halloween comes to an end, daylight savings time is also a wrap. In an instant, the holiday music playing everywhere we turn is encouraging us to start gearing up for holiday celebrations and family visits. For many adult children who live near their parents, regular check-ins are […] The post Important Holiday Conversations with Family appeared first on The Heritage Law Blog .
As we approach Veterans Day this year, we would like to remind those who served of the benefits that may be available to them through the Veterans Administration. VA’s Improved Pension Programs There are three categories of the Veterans Administration Improved Pension Programs, and each is need based and means-based. In order to qualify a […] The post Benefits Available to Massachusetts Veterans appeared first on The Heritage Law Blog .
Financial planning and Estate planning both have extremely important, and sometimes interconnected, functions. Both are also highly specialized in nature, requiring you to find the right partner to work with in each area. Both the attorney and financial planner need to understand the basics of the other professional’s area of practice and be willing to […] The post Financial Planning vs. Estate Planning appeared first on The Heritage Law Blog .
“When grandparents enter the door, discipline flies out the window.” ~Ogden Nash This quote illustrates the grandparent/grandchild relationship for many families. It is often a joy for grandparents to have the opportunity to “spoil” their grandchildren and give them what their parents can not give them. This can include extra time, unique experiences and it […] The post Gifts from Grandparents appeared first on The Heritage Law Blog .
Whether you see your parents on a daily or weekly basis or have to travel to visit them at the holidays, there comes a time when we realize that they are aging and may be facing some health or cognitive issues. Perhaps suddenly, they seem to need more assistance with daily tasks. Whether there is […] The post Tough Conversations with Aging Parents appeared first on The Heritage Law Blog .
Caring for elderly and infirm family members can be an extremely challenging job. Often, personal finances are sacrificed in an effort to help a loved senior stay at home while receiving the care they need. For seniors who are MassHealth members, there is an option for family members who act as caregivers to be reimbursed […]