Author Archives: Simmons & Schiavo, LLP

Tips on Estate Planning for Single Adults

estate planning for single adults

Estate planning discussions are often focused on married couples, but it’s equally important for single individuals to prepare one too. In fact, in some ways, it’s more important for single adults given that heirs are less obvious and there are generally no jointly owned assets. A proper estate plan may be the only way to […]

Reasons to Hire an Estate Planning Attorney

Estate planning can be very complicated and stressful. That alone is reason to hire a professional. But, if you’re not convinced, consider these other reasons to hire an estate planning attorney. 1 – Complex Family Matters Every family is unique, but yours may be even more so if you have children from multiple marriages, step […]

Coronavirus Impact on Retirement Planning

Coronavirus has impacted the economy and individual households in many ways. From reduced retirement account values, to loss of work and the need to withdraw retirement funds to meet expenses, you may be faced with some tough questions. We thought it would be helpful to take a look at the Coronavirus impact on retirement planning […]

Estate Planning Considerations for the 2020 Stimulus Package

As you’ve probably heard, the stimulus package was approved. There are many provisions within the bill,… two of which we believe relate directly to retirement and estate planning. Here are estate planning considerations for the 2020 stimulus package. Stimulus Checks If your adjusted gross income is less than $75,000 as an individual or $150,000 if […]

Responsibilities of a Personal Representative of an Estate in Massachusetts

Executors, now known as Personal Representatives, play a key role in carrying out the wishes outlined in your estate plan. Understanding the specific responsibilities of a Personal Representative in Massachusetts can help you select the right person for the job. This, in turn, can give both you and your heirs peace of mind. Legal Appointment […]

Dangers of DIY Estate Plans

With so much information available on the Internet, DIY is attempted on almost anything these days. Unfortunately, when it comes to DIY, you don’t know what you don’t know. This can be extremely dangerous in estate planning. A recent court case in Florida highlights the dangers of DIY estate plans. Aldrich v. Basile, Florida Supreme […]

5 Things That Need Special Handling in Estate Planning

Some types of assets require special handling or attention in estate planning. Estate planning goes beyond simply providing instructions for straight forward items. Understanding the complexities of some assets and taking certain steps may be required to accomplish your estate planning goals. Here are a few examples of things that need special handling in estate […]

Year-End Estate Planning Tasks

The holidays and end-of-year are a time for reflection… and planning. Estate planning is one of many things that you may want to review as you close out the year. Be sure to include these in your year-end estate planning tasks. Changes to Assets & Liabilities If your assets or liabilities changed over this last […]

Estate Planning During the Holidays

With so many activities during the holidays, estate planning may be the last thing on your mind. However, it’s actually a great time to think about your estate planning goals and to communicate them with your family members, especially if it’s the one time of year that you’re all together in-person. Here are a few […]