The 6 Hidden Dangers of DIY Estate Planning

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…

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Estate Planning in the Digital Age

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…

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Massachusetts Estate Planning for a Family Vacation Home

Consider yourself lucky if your family owns a vacation home –a lakeside cabin, a beachfront condo–a place where parents, children and grandchildren can gather for vacations, holidays and enjoy each others company and relax together. Your vacation home is likely a place full of special memories where you or your children grew up enjoying summers…

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Financial Planning vs. Estate Planning

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 Massachusetts estate planning attorney and financial planner need to understand the basics of the other professional’s area of practice and…

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Tough Conversations with Aging Parents

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…

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Asset Protection for Small Business Owners

Many people think of estate planning as a luxury for wealthy business owners, executives and CEOs – multi-millionaires who have a variety of homes and bank accounts overflowing with money. However, this notion could not be further from the truth. Estate planning is a tool to be utilized by everyone, regardless of the size of…

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Irrevocable Trusts as a Tool for MassHealth Qualification

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…

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Revocable vs Irrevocable Trusts: Important Differences

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…

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