Monthly Archives: May 2023
Why Communication Is A Key Part Of Estate Planning
Setting up an estate plan is one of the most important things that you can do to protect your future. Despite the importance of having a tailored and comprehensive estate plan, , the AARP estimates that 60 percent of individuals living in the United States lack these essential documents. Many people believe that it… Read More »
Estate Planning In Massachusetts: Can You Leave Money Directly To A Minor?
Did you know that many people lack an estate plan? According to data in a survey cited by the AARP, 60 percent of American adults do not have an estate plan in place. If you have an estate plan, you are ahead of most people. That being said, an improperly designed or outdated estate… Read More »
Does An Irrevocable Life Insurance Trust (ILIT) Make Sense For My Estate Plan?
Life insurance can be part of estate planning. As simply explained by the National Association of Insurance Commissioners (NAIC), “life insurance provides financial protection for loved ones should the policyholder die.” There are some circumstances in which it may be advisable to put a life insurance policy into a type of trust called an… Read More »
Should Your Spouse Always Be Your Power Of Attorney (POA) In Massachusetts?
Every adult needs an estate plan that includes, at least, a Last Will and Testament, Durable Power of Attorney (a DPOA or POA), Health Care Proxy, HIPAA Authorization and an Advanced Directive or Living Will. A well-designed estate plan should plan for various contingencies, such as an individual named in the Will not being… Read More »