60s elderly spouses at lawyer office sign marriage contract

Will vs. Trust: What’s the Difference?

Wills and trusts are both important documents for doing your Massachusetts estate plan. They serve different purposes but they can work together to create a comprehensive estate plan. These are the main differences between a living trust and a last will and testament: Whether probate is involved What assets and legal affairs are affected When the instrument…

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What is the Difference Between a Trust vs. a Will?

Wills and trusts are both useful estate planning tools that serve different purposes, and they can work together to create a comprehensive estate plan. The main differences between a trust and a will relate to these issues: (1) whether probate is involved, (2) what assets and legal affairs are affected, and (3) when does the…

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5 Legal Steps to Take When Facing Dementia

Over 5.5 million Americans were living with Alzheimer’s disease in 2017. This included an estimated 5.3 million people age 65 and older and approximately 200,000 individuals under age 65. And Alzheimer’s disease is just one form of dementia. It’s important to create a plan when you’re in the early stage of dementia. It will help…

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Is Your Brain Preventing You From Creating a Will?

A recent article in the New York Times highlighted the psychological barriers to creating an Estate Plan. “No one likes to think about dying – and that is probably one reason most Americans lack wills.” The likelihood of having a Will, or other Estate Planning documents increases with age. Only 20% of millennials (ages 18…

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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…

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2016: The Year of Your Estate Plan

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 not…

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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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