Recent Posts
Managing Someone’s Assets
There are a number of ways in which a person may manage the assets of another. The choice will depend on the type and value of the assets, and whether the person for whom they are being managed is competent or incompetent. If circumstances change, the form of...
Tricky Items To Inherit
People often hold a number of different assets or property when they pass away. Some assets are trickier to pass down to the next generation than others. Here is a list of some of the trickier items to pass down: Vacation homes Artwork Guns Airline miles Pets...
The ‘I Love You’ Will: Be careful, it could lead to a broken heart!
An 'I love you will' is a phrase used in estate planning to describe a Will where each spouse gives their assets to each other upon death, and then to their children. A shortsighted affair - It is simple and straightforward to set up You can appoint a Guardian for...
What’s New for 2022?
Update In The Law In 2022 the federal gift, estate and Generation Skipping Transfer tax applicable exclusion amounts will increase to $12.06 million per person ($24.12 million for a married couple). It is important to note that there is a sunset provision on this tax...
Durable Power of Attorney: Benefits and Concerns
A Durable Power of Attorney is a legal instrument by which a person, as the principal, appoints another person to serve as his or her agent. A benefit the Durable Power of Attorney has is that it gives the agent authority to perform specific acts on behalf of the...
6 Considerations When Purchasing a Horse
Purchasing a horse can be an expensive and life changing undertaking. A horse is a huge responsibility and in some ways more complicated than acquiring any other pet. Below are some considerations when purchasing a horse: 1. Contact a Veterinarian. A...
Estate Planning Is Not Just For Mom And Dad Anymore
Creating a will or trust is something we usually expect our parents to do. When we are in our 20's, it can feel like we're too young to have to worry about what happens to our stuff when we are gone, because we barely have any stuff to give away. As we get past our...
Options for Closing an Estate in Massachusetts
If a person dies with assets in his or her own name, then the family needs to go through probate so that title to the assets can be properly transferred to the rightful heirs. But once the probate is opened, the personal representative needs to determine how to...
Medicaid Planning
Title XIX of the Social Security Act was enacted in 1965 and is a joint federal and state program whose purpose is to pay for the medical care of American citizens and permanent residents who are poor and who are aged, blind or disabled, or members of families with...
To Flat Fee, or Not to Flat Fee? It depends…
One of the first things we get asked by clients is “what is this going to cost me?” Unfortunately, the best answer is “it depends”. I mean, how do you answer the questions “what is a new house going to cost me” or “how much to fix up my car”? Well, it depends on how...