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5 Ways to Pay for Long Term Care

Long term care is one of the most expensive costs that you may encounter later in life. For most, it creates a financial hardship and forces difficult decisions by family members. Understanding your options can help you better prepare now for potential future needs. Here are 5 ways to pay for long term care in […]

Tips on Organizing Non-legal Aspects of Your Estate

When we think of estate planning, we often think of the legal documents involved such as the will, trust, power of attorney, etc. However, good estate planning goes beyond that. When we pass, our families are often left to figure out a lot of things, even when an estate plan exists. Getting organized can help […]

Tax Considerations When Selling a Home in Massachusetts

The increasing real estate prices in Massachusetts is prompting many homeowners to consider selling. One common misconception is that selling and buying at the same time can help you avoid taxes. Unfortunately, that only applies to investment properties when using something called a 1031 exchange. For single family homes used as a primary residence, it […]

Taxes on Selling Primary Residences Converted to Investment Properties

In our previous blog post, we covered taxes on selling primary residences. Converting the use of a property can change your tax liability when it comes time to sell. Knowing the laws will help you maximize your investment and save significant money. This overview on taxes on selling primary residences converted to investment properties is […]

Estate Planning for Taxpayers Without Kids

If you’re single with no kids, or married without kids, you have some unique estate planning needs. You’ll require special strategies for health care, emergencies and division of your estate. Plan for extra care costs. Growing older without a built-in support team may mean you’ll have extra expenses for care. You may need to hire […]

Plan to Protect Kids with Special Needs

Raising a child with special needs can be a rich experience. It’s also a costly one that comes with unique challenges for your financial future and estate plans. There is no one-size-fits-all recommendation, but here are some things to consider: Your future security: Protect your children by securing your own financial future. Start saving for […]

Land Trusts Provide Anonymity, Avoid Probate

A land trust is a private legal agreement that transfers a property title from the owner to a trustee. The trustee agrees to hold that title for the benefit of another party. The creator of the trust, known as the trustor, is typically the primary beneficiary for their lifetime. This party retains complete use of […]

Increase in nursing home closures across U.S.

Choosing nursing home care can be a big, emotional decision. Long-term care is a sizable investment, and many people struggle with entrusting their loved one’s care to someone else. Now some families are dealing with an additional hurdle, as nursing home closures are forcing some seniors to relocate, widening the distance families must travel to […]