The main goals for many individuals preparing an estate plan are protecting assets for future generations, reducing estate taxes, and exercising control over how their estate is distributed. For high-net-worth estates, advanced planning is essential to achieve those goals and other goals individuals might have for their estate. A
Estate Planning Blog – Surprenant, Beneski & Nunes
Focusing on Elder Financial Fraud
Because seniors are particularly vulnerable, they are at a higher risk of being exploited financially. When seniors are forced to manage their own retirement funds while coping with an array of health issues, the potential of being victimized by financial fraud is high. If you or a loved one has been the...
Planning Your Estate After A Divorce
Going through a divorce is a difficult transition that involves a number of considerations, not the least of which is how to divide the marital property. During this trying time, it is important to control your emotions and maintain your objectivity. Once the divorce is settled, it is also crucial to revisit...
How to Avoid a Will Contest
Although creating a will is an important component of estate planning, it is not uncommon for beneficiaries and heirs to dispute the instructions in a legal proceeding known as a will contest.
Reasons for a Will ContestIt is important to note that beneficiaries cannot...
RMD Report: Reverse Mortgage Industry Sees Big Potential in New Condo Rule
The Department of Housing and Urban Development (HUD) announced earlier this month a new process for condominium approvals, effective October 15, which will expand FHA financing for qualified first time home-buyers as well as seniors looking to age in place, allowing those seniors to engage in
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Five Reasons a Will May Be Invalid
In Massachusetts, a will that is poorly drafted or that does not adhere to state law may be invalidated by the court. The best way to create a legally binding will is to consult an experienced estate planning attorney. In the meantime, let’s take a look at five key reasons why...
Avoid These Common Estate Planning Mistakes
A well-designed estate plan will enable you to achieve important objectives such as protecting your assets, planning for long-term care, and providing for your loved ones. At the same time, estate planning can be complicated and some may fail to understand how their plans actually work. By working with an experienced...
In Focus: Long-term Care Planning
People are living longer today, giving them more time to enjoy their retirement years. Nonetheless, with aging comes challenges, not the least of which is declining health and medical conditions that may require long-term care. Given the high cost of medical care at home or in an assisted living facility, it is...
No Estate Plan? Probate Sorts It Out
The state makes the decisions on where your assets should go.
If it is determined that if you do not leave a will or an estate plan, then probate takes over with a key focus on debts and what...
Own a Business? What about Succession Plan?
It is a good idea to have a plan, just in case you do retire.
Many business owners have worked for years to build up their business and don’t have any intention of retiring. However, that day is likely...