Choosing your personal representative or executor in Massachusetts is extremely important. A personal representative is a person you name in your will who will become responsible for managing your estate after your death. They will protect your property and manage your property after you’re gone. The purpose of taking the time to...
SECURE Act: How It Will Affect You and the Beneficiaries of Your Retirement Accounts
On December 20, 2019, President Trump signed the Setting Every Community Up for Retirement Enhancement Act (SECURE Act). The SECURE Act, which is effective January 1, 2020. The Act is the most impactful legislation affecting retirement accounts in decades. The SECURE...
How Does Buying a House Affect Estate Planning?
Buying a house is often the largest purchase a person will make in his or her lifetime. The median cost of a single-family home in Massachusetts was just over $400,000. Most Americans take out a 15 or 30-year mortgage when they purchase...
Three Reasons Young Families Need an Estate Plan
Young families today are busier than ever. Between work, school, after after-school activities, it can be hard to sit down and find the time to think about the future. Thinking about what would happen to your kids if you die is difficult but necessary. Young parents should consider whether or not...
5 New Year Estate Planning Tips
The beginning of a new year is a wonderful time to plan for the future. In addition to thinking about resolutions for the New Year, why not take some time to think about your estate planning goals? No matter your age, having an estate plan is essential. Whether you already have...
Dangerous Secrets: The Importance of Coming Clean During Estate Planning
Estate planning is a personal process. Though people may speak of it as tedious and time-consuming, with the right estate planning attorney it is an intriguing self-exploration of your past and a satisfying master plan for your future. While the documents your lawyer drafts may sound dry, the material they contain...
How Estate Planning Can Be the Ultimate Gift You Give Your Family
While just about everyone loves to tear into wrapping paper for tokens of love, most of us come to realize that some of the very best gifts are actions taken on our behalf. One of the most meaningful of these is estate planning by someone we hold dear. Because many people procrastinate...
Leave the Snow Behind but Keep Estate Plan Up to Date
State laws oversee estates and those laws are rarely the same.
Many people retire in the snowy north and head to the warm south for a few months each year. If that is your scenario, it would be wise...
Financial Planning for Special Needs Adults: What You Need to Know
Estate planning for special needs adults can be somewhat challenging. You want to ensure that the adults have the income and resources they need without jeopardizing their eligibility for government benefits. A Massachusetts special needs planning attorney can assist families of special needs adults with financial planning to ensure their...
How Do I Write a Business Succession Plan?
If you own a business, an important part of estate planning is to write a business succession plan. Your business succession plan ensures that the business you worked hard to build is preserved for future generations or is liquidated to maximize profits for your family members. A Massachusetts business succession planning...