When it comes to their estate plan, some people only think about their will. It’s true that a will is a key component of your estate plan. Just because you have a will in place doesn’t mean that your estate plan is complete. There are a number of considerations that are forgotten about when people …
We all have heard the adage “where there’s a will, there’s a way.” We follow that adage with all of our estate plans because we believe that people should have their wishes honored as they pass on. However, we also understand that many people do not see the usefulness of a will. Through this post, …
Some of the stories related in a recent estate planning piece might reasonably be termed as “outlier” tales stressing truly dire ramifications that can ensue when a planner fails to take some requisite action that promotes certainty regarding a future outcome. Alternatively, they might be denoted as “the worst that could happen” tales. Here’s one, …
Admonitory planning stories: no dearth of these frightful tales Read More »
“Wealth doesn’t come with a handbook.” So says a multimillionaire business principal who, like many similarly wealthy individuals, duly stresses about the future of his children. Although that concern might seem a bit misplaced — even incongruous — for well-heeled business tycoons and families in Massachusetts and across the country, it is decidedly the case …
Focus: estate planning for truly high-asset families Read More »
It’s laudable, of course, if you have already expended the necessary time, effort and well-considered thought necessary to craft a soundly tailored and forward-thinking estate plan to provide for your family, lawfully avoid taxes, fund your favorite charity, establish a personal legacy and so forth. Undoubtedly, you felt a sense of accomplishment and relief in …
Like other important things, estate plan needs periodic updating Read More »
Some individuals in Massachusetts and elsewhere across the country likely feel sometimes as though they are standing outside a bubble denoted “estate planning and administration” and contemplating others within it who are timely and rationally taking care of business in that important realm while they are not. Indeed, that feeling of uncertainty and — for …
No heirs or living spouse: still a need for sound estate planning Read More »
A sobering responsibility. A serious undertaking. Or, as denoted in an online overview of the subject matter, “an important decision not to be taken lightly.” Those and similar depictions are liberally interspersed in any well-considered report or essay discussing family law guardianships, and for manifestly evident reasons. For starters, a guardianship comes into play only …
Guardianships: What is involved regarding this key family law topic? Read More »
Flatly unlike any number of other individuals and business entities that provide clients with important information and represent them in key areas of life involving families, finances, health and other considerations, estate planning attorneys are held to unquestionably high standards. That is, they can suffer personally adverse consequences if the performance they deliver is deemed …
Regulating financial services: estate lawyers and new proposals Read More »
What responsibilities does a Trustee have? The responsibilities of a trustee summed up: a lot. And coupled with that, it certainly merits mention to any person contemplating naming a trustee for an estate matter or who, alternatively, is considering accepting an offer to be a trustee, that the duties imposed upon a trustee can be …
What responsibilities are imposed upon a Massachusetts trustee? Read More »
Seldom has so much hung in the balance as the Senate turns its attention to creating its own version of the American Health Care Act, passed last week by a two-vote margin. Among the most concerned constituencies are the families of the elderly and disabled who have planned their entire financial future based on existing …
Senate ponders long-term care – America holds its breath Read More »
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