A will is essential for estate planning. It is a document that states your wishes and protects your interests after you can no longer do so. Sometimes, people assume that a will is only necessary for seniors or individuals facing a life-threatening illness. But life...
According to a study of 15,000 millennials, roughly 60% stated that they don't have a will or trust. These documents can be used to determine who gets a Massachusetts home or other assets after you pass away. It's recommended that everyone create an estate plan upon...
Many Massachusetts are revisiting their estate plans. That is because the federal estate and gift tax exemptions will be significantly reduced in 2026. These exemptions were almost doubled when the Tax Cuts and Jobs Act was signed into law in 2017, but the increase...
When you’re young, you might think you have plenty of time to create an estate plan in Massachusetts. That’s not the case, especially if you’re in a relationship. Anyone can fall victim to an accident or illness at any age. Your family needs a clear plan to follow...
In Massachusetts, a spendthrift trust is an essential estate planning tool that offers a strategic approach to managing your financial assets and the well-being of your beneficiaries' finances. This vehicle can provide peace of mind that your heirs will receive their...
Seniors never know when their health will change, and they will need long-term care. Many seniors in Massachusetts count on Medicaid to help pay for that care. Yet, many seniors find that they need help qualifying for the program. Other times, families discover that...
With estate planning, deciding who will be your executor is incredibly important. This person's job will be to carry out your final wishes and ensure that your estate gets handled according to your wishes. Selecting the right executor can ensure that your instructions...
Although blended families are more common than in previous generations, they can create some unique estate planning challenges. Failing to take them into account could result in your children or grandchildren getting nothing from your estate. It could also result in...
Completing an estate plan can feel like a big accomplishment. For many people, it is not the most pleasant of tasks, and it can be tempting to put it away and consider it done. However, there are a number of reasons that Massachusetts residents need to review their...
Beneficiary designations are the pivotal part of an estate plan in Massachusetts, yet people still tend to overlook it. Here are some mistakes people make when naming their beneficiaries. Not communicating your plans to your beneficiaries The essence of estate...
