Estate planning involves the strategic allocation of your assets to ensure their proper distribution upon your passing. However, estate planning can benefit you even while you are still living. You can use it to ensure your personal care, healthcare needs and...
Many people start the estate planning process simply by looking at their assets. Maybe they have family heirlooms, and they know they want to leave them to specific people, so they begin writing a will. Perhaps they have significant financial assets, so they set up a...
Over the course of the next decade, more and more baby boomers will be leaving the workforce to spend their retirement with their significant others. However, before these boomer couples head to the golf course, beach or airport to start spending their hard-earned...
Long-term care insurance: the very words summon up a range of emotions in families trying to make intelligent choices to plan for future care. It's a product whose value is so unpredictable that it's rather like a riddle for all concerned. How could something be at...
Generational transfers of wealth do not only go one way. To be sure, the usual pattern is parents passing along assets to children and other heirs. This is done through wills, trusts, gifts and other estate planning devices. With people living longer than ever,...
Old age isn't for "sissies," warned the legendary actress Betty Davis years ago. The financial downturn since 2007 has made those words truer than ever. And they have made estate planning and elder law issues more and more important. The economics of growing old...
term care nursing facility. Inevitably, it is one of the most difficult decisions in any family's life, regardless of the specific elder law issues involved. In Massachusetts, that decision certainly isn't made any easier by the mediocre marks given to the state's...
Role reversal in a parent-child relationship is never easy. For adult children who grew up in stable families, it can be a particularly tricky emotional change, having to give up the old image of parents who always take care of things. A Massachusetts psychologist, Dr...
Far too often, patients in care facilities do not receive the type of end-of-life care that they really want. The problem is not merely that so many patients have waited until they have serious health issues before seeking to give voice to their preferences regarding...
Getting an effective plan in place to address end-of-life care issues can be a big challenge when someone gets older. That is why, as elder law attorneys, we encourage clients to address long-term care, Medicaid planning, and other issues sooner rather than later....
