Appointing the right trustee is an important decision for anyone who is in the process of creating a trust. The trustee is responsible for managing the trust either when the trust is formed or in the future, depending on your type of trust. While many people naturally consider giving a family member this responsibility, it […] The post Choosing the Right Trustee appeared first on The Heritage Law Blog .
Think Twice Before Creating an Estate Plan Yourself It’s no secret how important it is to have an estate plan. Dying without a will can have some expensive and unwanted consequences. Just as basic and important as having an estate plan is making sure the right person is crafting it. Estate planning software might seem like […] The post The 6 Hidden Dangers of DIY Estate Planning appeared first on The Heritage Law Blog .
Back to school season is upon us! As we all prepare to get back into our routines it’s also a great time to be reminded of estate planning basics. The blog posts this month focus on just that. Getting back to basics so you can make estate planning part of our fall planning. Estate planning […] The post Estate Planning for the Young Adult: 7 Strategies to Start Today appeared first on The Heritage Law Blog .
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 .
When we think about estate planning, we usually think of how we manage tangible items and investments, but have you thought about protecting your digital assets? As our lives become more and more dependent on technology, it’s important to consider your digital assets when preparing an estate plan. What qualifies as digital property? Digital devices […] The post Estate Planning in the Digital Age 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 […]