It’s estimated that 70% of people over the age of 65 will require some type of long-term care services during their lifetime. That could mean needing assistance with at least a couple of activities of daily living, such as eating, dressing, or bathing, and possibly even a higher level of care. In the Boston area…
Continue reading…Category: Estate Planning Strategies
Using a Trust to Limit Massachusetts Estate Taxes for Couples
The Massachusetts estate tax exemption is $1M. When you die, if your estate is valued at $1M or under, you pay no estate tax. If it is valued at one dollar over $1M your estate is taxed on the ENTIRE amount, not just the amount that is over. Your “estate” includes all the property you…
Continue reading…Estate Planning for the Young Adult: 7 Strategies to Start Today
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 your fall planning. Estate planning…
Continue reading…Ipswich COA Hosts Estate Planning Seminar for Seniors
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…
Continue reading…Matthew Karr, Esq., Presents Estate Planning Seminar for Lawyers through MCLE
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…
Continue reading…November News and a Special Thanksgiving Offer from The Heritage Law Center
It’s no secret in my family that Thanksgiving is my favorite holiday. Yes, I love Fall, football, and turkey with all the fixings. But I also love the reflective time we get bringing family together and celebrating each other and our own good fortune. It’s always a good time to check in with loved ones…
Continue reading…What Famous People Left Behind
Have you ever wondered what Paul Revere left his grandchildren in his will? Thanks to Ancestry.com’s US Probate and Wills Collection, there are now millions pages of estate documents online for members to peruse. Here are just a few of the items famous people left their loved (or not-so-loved) ones: Paul Revere left one grandchild $1,…
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