Planning Your Estate Involving Art in Massachusetts
Including artwork in your estate plan requires more than listing it in your last will and testament. You need to consider how it will be valued, who will receive it, and how taxes and transfer rules apply under Massachusetts and federal law. With the right structure, you can protect the value...
What You Need to Know When Selling Your Home
Selling a home is an exciting process, and it is often the beginning of a major change in life. However, selling a home can also be emotional, legally complex, and downright stressful. When selling a home in Westport, Canton, or surrounding areas, here are a few things to keep in mind...
When to Start Long Term Planning
If you are under 40 or just approaching middle age, it is not too late to start long term planning for your retirement. It is common for most people to put off retirement plans or to assume that an IRA or 401(k) from an employer will be sufficient to meet retirement...
Helping Your Parents with Their Estate Planning
As your parents age, helping them to form an estate plan, and finding out what their wishes are for themselves and their assets upon their death, becomes more and more important. While having these talks can be hard, doing so can ensure that your parents are able to live out their...
Estate Planning Issues for Same-Sex Couples: What You Need to Know
While marriage has finally been recognized as a right that all couples can engage in, regardless of whether they are gay or straight, same-sex couples still face unique issues when planning for end of life and their estates, particularly if they are not married. The following are issues same-sex couples need...
Lessons from Prince’s Poor Estate Planning
The death of Prince wasn’t just sad; it also raised questions about how to divide his estate. While Prince was intensely protective of his music, it appears he was less so when it came to his physical assets; in fact, he did not even have a Last Will and Testament or...
Westport Estate Planning Lawyer
You do not need to a millionaire to have an estate. In fact, almost everyone who owns property has an estate, even if that property is not valued at a high sum of money. Having an estate really just means that you have assets – like a car, house, bank account,...
6 Estate Planning Lessons We Can Learn From Celebrities
Most celebrities have some degree of considerable wealth and may have their affairs handled by a team of agents, financial advisors, and attorneys. It thus comes as a surprise to many us when we learn that when some celebrities pass away, they were guilty of numerous errors in their estate plans...
Estate Planning for People with Dementia or Alzheimer’s
Alzheimer’s or dementia is an insidious disease, affecting about half of those who are 85 and older though it can manifest in those who are decades younger. Dementia comes in stages and there is no cure for this progressive condition that can significantly affect your memory and cognitive abilities, effectively incapacitating...
Is a Life Estate Right for You?
Creating a life estate as part of your estate planning portfolio might be a good idea so long as you understand the benefits and potential risks involved. If you have been properly advised by an estate planning lawyer, a life estate can be an excellent financial plan for your heirs while...