Please check out my article on estate planning for families with young children in the Local Voices section of the Danvers Patch.com website. Estate Planning Has Added Importance for Families With Young Children Proper estate planning allows parents to protect and provide for their children, even in tragic circumstances.
Many people face a period of physical/legal incapacity at some point in their lives, either through old age, an accident, or a medical condition. These same people often require medical treatment, but are unable to make decisions regarding their care. Different states have different methods for dealing with this problem. Here in Massachusetts, there are
Thousands of Massachusetts families have a family member with special needs. These individuals are blessings to their families, as they elicit the virtues of compassion, patience, and understanding. Unfortunately, it take more than these qualities alone to care for an individual. Caring for those of us with special needs also requires a great deal of
When estate planners bring up the topic of Trusts with clients, we’re met with a variety of reactions. Often, clients have preconceived notions that trusts are only for the very wealthy, or that they’re extremely complex. Fortunately, once we dispel these myths, we’re able to move on to a discussion of the benefits of trusts
With the myriad of sophisticated and complex estate planning solutions available nowadays, it is easy for attorneys and clients overlook the importance of Durable Powers of Attorney and Health Care Proxies. A durable power of attorney is a simple document in which an individual grants someone else the authority to handle their financial affairs. The person
As a Massachusetts Estate Planning Attorney, one of my primary objectives is to reduce my clients’ estate tax liability. Currently, Uncle Sam lets individuals pass $5 million at their death, free of estate taxes. This number is somewhat fluid: in 2009 it was $3.5 million, in 2013 it could go down to $1 million (although
A rather specific question was posed to me in the comments of another post, so I’ll address it here. The question posed was: “If a 62 year old widow remarries, and designates his emancipated children as beneficiaries of his 401(k), does he need his new wife’s endorsement to make the beneficiary designations stick? Also, are
Clients routinely tell their attorneys, “I need a will.” While a few decades ago a simple will may have been appropriate, today’s complicated legal environment requires attorneys to parse through their client’s statement, and determine their true goals. When I hear that familiar sentence, I interpret the meaning as, “I need help.” More specifically, “I