Reverse mortgages allow you to access the equity in your home and use it as a steady source of income. However, there is much debate around this option. It is important to fully understand the pros and cons of reverse mortgages in making your decision. Here are a few key factors to consider. What ... Read More
Law Blog
Elder Living Options for Families to Consider
As family members get older, their living arrangements become an important topic of discussion. Most families must make the difficult decision of where an elder parent or grandparent will live, based on their changing needs. Below are three elder living options to consider. Aging in Place The most ... Read More
Using ABLE Accounts in Estate Planning for Disabled Dependents
If you care for a disabled family member, estate planning is especially important. One of the measures you might put in place is a savings account to pay for future care. Traditionally, such accounts would be controlled by another person rather than the disabled person. However, times have changed. ... Read More
3 Things to Know Before Gifting a House to Your Kids
There’s a common misconception that giving your house to your kids is beneficial for Medicaid, taxes, etc. Unfortunately, this is not necessarily true. As with most asset transfers, there are many factors that come into play. Before you transfer ownership of your home, consider these 3 important ... Read More
How To Divide Assets Fairly Among Children
Your assets are a tool to prolong the health, happiness and success of your loved ones. Unfortunately, division of assets can often lead to disputes among heirs and divide families rather than uniting them. Thinking about how to divide assets fairly among children can help minimize some of those ... Read More
Debts You May Be Leaving Behind
A long, wonderful life is not always debt free. Those debts will be transferred in the event of one’s passing. Taking steps to address your debt will ensure future generations are not burdened with impending financial strain. Understanding what those debts will be is also essential to this process. ... Read More
What Happens When There Is No Succession Plan
Having a succession plan is vital to ensuring the future operation and success of your small business. Although every company needs to consider succession planning, it is most critical for small and family-owned businesses and should be included in business owner estate plans. To highlight the ... Read More
Why Succession Planning Is Important for Small Business Owners
Succession planning provides a clear outline of who takes over your role in your business should you become disabled or deceased. For small business owners, this is a critical component to estate planning. It ensures that your business can continue to operate and provide financial support to your ... Read More
Maintaining Privacy in Massachusetts Estate Plans
Did you know that some aspects of your estate become public upon your death? If you are a private person, you may find this information disturbing. The good news is, there are ways of maintaining privacy in Massachusetts estate plans, if that is important to you. Private Versus Public ... Read More
Unusual Assets To Include In Massachusetts Estate Plans
Your estate plan likely includes your most valuable assets, such as your savings, real estate properties, investment accounts, and vehicles. Often forgotten from those plans are more unusual assets that may hold value but may not necessarily be on your radar. Here are some unusual assets to include ... Read More
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