Here’s a notable but not often stressed point relevant to estate planning that a New York Times article recently passed along: within a few short years, more than one of every five Americans will reportedly be 65 or older. And that means this: As scores of millions of senior-aged individuals and couples move from large …
Transfer wealth, lawfully avoid taxes and declutter Read More »
Every thoughtful person from middle age to being on the cusp of retirement might dutifully reflect on the findings of a recent study focused upon what surveys show deeply concerns scores of millions of Americans. And that is this: retirement money. Even more specifically: the amount of money — that magic-bullet threshold, if you will …
Report on a million bucks underscores need for timely planning Read More »
“Take steps now.” That is advice that we candidly give at the Andover estate planning Law Offices of Kimberly Butler Rainen to families concerned with future health and related concerns linked to a parent or other aging family member showing signs of dementia or another material life challenge. Although the delivery of competent and consistent …
Dementia study underscores importance of timely estate planning Read More »
Estate planning attorneys revel in fun and gaiety just as much as other persons do, which means — for purposes of this blog post — that they are far from immune from the excitement that gifts, laughter and camaraderie engender at birthday parties. Such festivities can also serve as much more than mere enticements to …
A valuable surprise present from a memorable birthday party Read More »
Here’s a quick query regarding the so-called digital universe that exists online: How many accounts do you think an “average” Internet user has? One can almost hear the wheels spinning for readers seeking to come up with a quick calculation. There’s email, right? And probably at least one — and, in many cases, several — …
You’re online, right? Someday your executor may need to be Read More »
It is certainly as important as the act of initially creating a sound and tailored estate plan to take an occasional peek at it thereafter and make tweaks as necessary. Because those tweaks — and, sometimes, major revisions — will become necessary. Life has a habit of rendering any “immutable and forever” plan, well, mutable. …
Craft it, forget about it; not an optimal recipe for estate planning Read More »
Loving parents in Massachusetts and elsewhere worry about their children with physical and/or mental disabilities, and understandably so. Caregivers wish they could live forever, standing resolutely beside their loved ones and helping them face and conquer every challenge. That is simply not meant to be the case, of course. Parents do ultimately pass, most often …
Caring for a special needs child, now and after you’re gone Read More »
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 …
“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 »
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