Category Archives: Estate Planning
Estate Planning: Does A Trust Fully Protect Assets From Creditors?
Asset protection is a core part of estate planning. When used properly, a trust can be one of the most effective and efficient asset protection tools. You may be wondering: Will a trust fully protect assets from creditors? The answer is “it depends on what type of trust you have—only some types of trusts… Read More »
Do I Need A Power Of Attorney?
A Durable Power of Attorney is an essential document in an estate plan and should never be omitted. Many believe they only need a Last Will and Testament, but without a Durable Power of Attorney and other similar documents, your loved ones may need to petition the Probate Court and appear before a judge… Read More »
The Differences Between A Revocable And Irrevocable Trust
Placing assets in a trust is one of the best ways to plan for your estate. There are two broad categories of trust instruments: revocable and irrevocable trusts. Each comes with their own advantages and disadvantages, and an experienced estate planning attorney can help you determine which is best for your situation. At Fisher… Read More »
Picking The Right Special Needs Trust
Planning for the future is important, particularly if you have a loved one with physical or mental disabilities. One way to provide for their future after you are gone is through the establishment of a special needs trust. There are two main types of special needs trusts, each with their own benefits and drawbacks,… Read More »
Do Nursing Home Residents Have Any Rights?
If you are considering nursing home care for yourself or a loved one, you may be concerned about maintaining your autonomy and may question whether residents have any rights. Under the 1987 Nursing Home Reform Act, nursing home residents do have certain rights that must be guaranteed. The following article will provide a brief… Read More »
What Is The Business Succession Planning Process?
If you are a business owner and are getting close to retirement age, you may consider transferring your ownership to a trusted family member. This process is often referred to as “business succession planning.” The following article will further explain the purpose of a business succession plan and will provide some information regarding the… Read More »
How To Establish A Valid Will
All adults should have a will that properly disposes of any property in their possession at the time of their death. Establishing a will is important as it can help ensure that your loved ones do not have to argue in court about who is entitled to your property after you pass. The following… Read More »
Long-Term Care Options In Massachusetts
When you think of long-term care, you might think of a typical nursing home environment. However, there are several long-term care options that are available for elderly individuals in the state of Massachusetts, which this article will thoroughly discuss. Option #1- Assisted Living Facilities An assisted living facility is for elderly individuals who do… Read More »
Creating A Living Trust In Massachusetts
You may have considered the benefits of establishing a trust during your lifetime which could benefit your loved ones. A trust is a fiduciary relationship in which one party (the “grantor”, “trustmaker” or “trustor”) gives another party (the “trustee”) the right to hold title to the grantor’s property or assets. The following article will… Read More »
Estate Planning Lessons from Celebrity Nightmares
The dispute over Larry King’s estate shines a harsh spotlight on what happens when an elderly person makes major changes late in life to his or her estate plan, especially when the person has become physically weakened and possibly mentally affected, due to aging and illness. A recent article from The National Law Journal,… Read More »