An irrevocable trust can’t be modified or terminated except under certain very limited circumstances. This type of trust requires the grantor (the person for whom the trust is created) to transfer assets into the trust and give up his or her rights of ownership to those assets. So why would anyone want...
Continue reading…
What the Heck Is Elder Law Anyway?
When people ask me what I do for a living, and I tell them I’m an elder law attorney, the usual reaction is a blank stare, a long pause, and something like “hmm, that’s … interesting.”This response is not surprising. While many people have heard of estate planning (which, of course, I...
Continue reading…
The Potential Pitfalls of “Advancing” an Inheritance to Adult Children
At one time or another many parents entertain the notion of giving money “early” to adult children… in effect, “making an advance” on their children’s inheritance. While this seems like a generous and noble gesture, it may not be such a great idea. Here’s why.Let’s say one of your children could use...
Continue reading…
Elder Law 101 – Please Join Us!
Most of us will eventually need some form of long-term care. The good news is that proper planning can help ensure your wishes regarding your care will be carried out. Proper planning can also protect your life savings from the cost of such care. On Wednesday, March 27th at 11:00 AM I am...
Continue reading…
Myths and Misconceptions about Health Care Proxies
Despite the fact that everyone needs a health care proxy, there is considerable confusion about what it is and what it does. Here’s what you need to know.A Health Care Proxy is a Legal Document, not a Person.In Massachusetts, a health care proxy is a legal document that allows you to name...
Continue reading…
Some Valentine’s Day Thoughts About “I Love You” Wills
Let’s begin with a definition: An “I Love You” will is a last will and testament wherein the person who makes the will (known as the testator) bequeaths everything to his or her spouse. It seems like a logical approach, and many couples think of it as an expression of their love...
Continue reading…
What’s So Special About a Special Needs Trust?
If you have a child with special needs, you’re undoubtedly concerned about how your loved one will be cared for when you are no longer able to provide adequate care yourself. A special needs trust may provide an answer… and some much-needed peace of mind.A special needs trust allows you to provide...
Continue reading…
The New Year is a Great Time to Update Your Estate Plan
Many of us begin the new year by thinking about changes we want to make in our lives. This year, I hope you’ll also think about the changes that took place in your life last year, and whether your estate plan should be updated to take these changes into account.How do you...
Continue reading…
Happy Holidays!
Several years ago, we decided that instead of sending out holiday cards, we would make a donation. We continue to do that, and again we made our donation to the Friendship Home.
Wishing you a peaceful holiday season filled with love and good friends.
Happy New...
Continue reading…
Home for the Holidays Part II: Planning Strategies to Pay for In-Home Long-Term Care
Last time I discussed MassHealth programs that can help elders who need long-term care live at home for as long as possible. Now I’d like to describe some other long-term care planning strategies that can make home care affordable for elders and their loved ones. I’ll also provide links to past articles...
Continue reading…