When it comes to the notion of having a comprehensive estate plan in place, it's important to understand that this means more than just accounting for all of your property and minimizing your tax liability. Indeed, it also includes making plans for your health care...
Powers Of Attorney
Why it’s crucial to plan for long-term care needs
On Behalf of Cushing & Dolan, P.C. | Apr 4, 2016 | Powers Of Attorney
While we all know that aging is often accompanied by declining physical and mental health and capacity, most Americans fail to take steps to plan for long-term care needs. This is particularly problematic when you consider that, according to the U.S. Department of...
Single? Why you need an estate plan
On Behalf of Cushing & Dolan, P.C. | Feb 29, 2016 | Powers Of Attorney
In previous decades, most U.S. residents made the decision to marry. In fact, according to the Pew Research Center, in 1960, 72 percent of U.S. adults age 18 and older were married. Fast forward to 2011 and the Bureau of Labor Statistics reported that, at 50.2...
Are you concerned about a parent’s diminished mental capacity?
On Behalf of Cushing & Dolan, P.C. | Nov 29, 2015 | Powers Of Attorney
At some point, many people in their 30s, 40s and 50s will have to confront the difficult realities of an aging parent's diminished physical or mental capacity. At the same time, often these same individuals are also dealing with raising their own children and...
What giving someone power of attorney really means
On Behalf of Cushing & Dolan, P.C. | Oct 13, 2015 | Powers Of Attorney
While most people regard the purpose of an estate plan as providing clear directives for how assets and possessions should be handled after one's death, a comprehensive plan must also account for the unknowns and unexpected events that may arise during one's lifetime....
Planning for future needs in the wake of a dementia or Alzheimer’s diagnosis
On Behalf of Cushing & Dolan, P.C. | Jul 7, 2015 | Powers Of Attorney
While it's the sixth leading cause of death in the U.S. and ultimately affects one-third of elderly adults, many people fail to truly understand what Alzheimer's disease is or how it affects those who are both directly and indirectly impacted. Currently, more than 5...
With estate planning, a spouse can be the most important asset
On Behalf of Cushing & Dolan, P.C. | Jun 2, 2015 | Powers Of Attorney
When it comes to your estate plan, it’s important to make sure that your spouse is up to speed. That’s because, as this article from MainStreet points out, your spouse can help make sure that your wishes are met when you die, and vice versa. After all, few...
Protecting your digital assets is easy and important
On Behalf of Cushing & Dolan, P.C. | May 11, 2015 | Powers Of Attorney
Today, the Wall Street Journal featured an important reminder on estate plans and digital assets. It discussed how many people fail to address digital assets in their estate plans and it can be very difficult to access these assets after a person has died. A financial...
Advance care planning in Massachusetts: The key documents
On Behalf of Cushing & Dolan, P.C. | Feb 20, 2015 | Powers Of Attorney
When most people hear the term "getting your affairs in order" they think about creating a plan for what should happen with their estate after they are gone. But another very important situation to plan for is if a medical crisis leaves you too sick to make your own...
Why to include funeral and burial wishes in your estate plan
On Behalf of Cushing & Dolan, P.C. | Oct 24, 2014 | Powers Of Attorney
When most people think of estate planning, they think of creating wills and trusts in order to pass down assets upon death. However, effective estate planning involves much more than just distributing your assets upon death. It should also address many other important...
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