There’s a great feeling of satisfaction that comes with giving. Being able to help your loved ones through major life events and financial transitions can be a very rewarding experience. Did you know that gifting not only helps your family while you are still alive but also helps shield you from estate tax? With […] The post Avoid Estate Tax and Preserve Your Family Legacy Through Gifts appeared first on The Heritage Law Blog .
As we have acknowledged in previous articles, it can be difficult to consider the notion of our own mortality. Yet equally challenging is the idea of the loss of a spouse or partner. While procrastination and ignoring these life-changing scenarios is common, early planning can mitigate the risk of financial and emotional chaos that can […] The post Estate Planning Preparations for Losing a Spouse 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 .
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 .
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 .
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 .
As outlined recently by Business Insider, even people who seem to have it all–famous and highly successful people–make New Year’s Resolutions. Interestingly, most of them focus not on how to make themselves better, but rather on how to help others. In fact, many of them focus on family and paying forward their good fortune. Why […] The post 2016: The Year of Your Estate Plan appeared first on The Heritage Law Blog .
In this season of giving, it is important to recognize those who give back. Kirk Douglas, widely known for his lengthy career in the movies, can add one more star to his personal walk of fame and that is for his philanthropy. It’s a good idea to consider your charitable giving throughout the year, but […] The post Charitable Giving: The Greatest Gift appeared first on The Heritage Law Blog .
When animal-lover and The Simpsons co-creator, Sam Simon, died early in 2015, he left behind a hefty estate, much of which was slated to go directly to non-profit animal philanthropy groups. In creating a trust, it seems Simon did all of the right things to take care of the people and issues he felt most […] The post Pet Trust Problems for Simpsons Creator appeared first on The Heritage Law Blog .