Conservatorships are sometimes necessary to safeguard the interests of a family member who no longer has the capacity to make their own financial or medical decisions. When there is no power of attorney in place, or a power of attorney is not being honored, a...
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Year: 2013
Reverse mortgages: revised rules likely after court ruling
On Behalf of Cushing & Dolan, P.C. | Oct 14, 2013 | Estate Administration & Probate
When a husband or wife dies, the surviving spouse is not only faced with a difficult emotional loss. There are also typically various estate administration issues to be taken care of. For some surviving spouses, those issues can include the right to remain in the...
Recipe for confusion and conflict: two different wills
On Behalf of Cushing & Dolan, P.C. | Oct 7, 2013 | Wills
When someone leaves behind two wills, it is obviously a recipe for confusion. And it is scarcely a surprise when an extended and hard-fought legal fight ensues in such circumstances -- especially when large amounts of money are involved. That is why testators in...
Young adults and health-care proxies: need for a parental nudge
On Behalf of Cushing & Dolan, P.C. | Sep 30, 2013 | Estate Planning
Sociologists have spilled considerable ink in recent years attempting to explain the prolonged transition to adulthood in American life in the second decade of the 21st century. The Great Recession, of course, made that transition more difficult for millions of young...
Protecting and passing along digital assets
On Behalf of Cushing & Dolan, P.C. | Sep 23, 2013 | Estate Administration & Probate
In the age of the Internet, estate planning increasingly includes decisions about digital data that would have been inconceivable a generation ago. To be sure, traditional questions about who should receive which property remain as important as ever. Someone...
Caregivers need to care for their own health and finances too
On Behalf of Cushing & Dolan, P.C. | Sep 16, 2013 | Powers Of Attorney
To a remarkable agree, this has become the Age of the Caregiver. With an aging population and the high cost of professional nursing care, the percentage of American adults who take care of someone with a significant health problem has gone up from 30 percent to almost...
Estate planning decisions must respond to tax law changes
On Behalf of Cushing & Dolan, P.C. | Sep 9, 2013 | Estate Taxes
Taw laws are constantly changing. It's a classic example of the old adage that "the only constant is change." In the field of estate planning, the estate tax has been an excellent example of this in recent years. Those changes have greatly affected the estate planning...
Same-sex marriage and tax planning: IRS rules on joint filing
On Behalf of Cushing & Dolan, P.C. | Sep 3, 2013 | Estate Taxes
Massachusetts is one of the states that ed the way on the recognition of same-sex marriage. Several more states have followed in the last couple of years. And now, for purposes of federal tax returns, the rest of the country has followed as well. The Treasury...
Generations and gifts to charity: Boomers do their part
On Behalf of Cushing & Dolan, P.C. | Aug 26, 2013 | Trusts
Charitable giving is an important activity for millions of Americans. And for many people, this includes not only gifts while living. It also includes setting up charitable trusts or using other ways to give money or other assets to charity after death. Members of the...
Trusts: flexible form finds application to domestic assets
On Behalf of Cushing & Dolan, P.C. | Aug 20, 2013 | Trusts
Trusts are very flexible instruments. There are many different types of trusts and they can be used for many different purposes. And so the flexibility they provide is one of the recurring themes of this blog. One of the latest ways in which this flexibility is...
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