Leaving the nest to pursue higher education is a momentous step in a young adult’s life. The thrill of new experiences, intellectual growth, and newfound independence is often at the forefront of college students’ minds. Yet, in the midst of this excitement, there exists a crucial but often overlooked aspect: the need for comprehensive healthcareContinue reading “When Your Child Turns 18 They Are Now a Legal Adult – Without These Docs You Can’t Make Decisions for Them in an Emergency”
Over the years I’ve learned that one of the major concerns for many of my clients is the thought of needing skilled nursing care in the future and wondering how they would pay for it. This is a valid concern because spending time in a long-term care facility can be financially devastating. Currently, this typeContinue reading “How to Plan and Pay for Long-Term Care”
I encourage you to find an hour of time and a quiet space in the next few weeks to review your estate planning documents. These might include Wills, Trusts, Powers of Attorney, Healthcare Directives and Living Wills, life insurance policies, financial records and any other important documents.
Every adult should have a basic estate plan that contemplates both life and death. The basic plan should include four key documents– a Will, Power of Attorney, Healthcare Directive, and a Living Will which I describe briefly below. A Will, short for Last Will and Testament, can be a simple document distributing assets outright toContinue reading “A Basic Estate Plan Is Simple to Make”
If there’s one thing you should learn from reading this article it’s that I strongly discourage people from establishing custodial accounts or leaving cash outright to beneficiaries with disabilities. If you do, the outright distribution of assets may cause unintended problems for the beneficiary. For example, when the assets of an individual with special needsContinue reading “Essential Tips for Estate Planning with Special Needs Beneficiaries”
Parents today face many tough decisions. One of the toughest has to be, ‘Who will care for my children should I pass away or become incapacitated?’ Many parents struggle with choosing a Guardian for their minor children. And while that’s completely natural and understandable, appointing a Guardian is one of the most loving and responsibleContinue reading “If You Have Kids Under 18, Choosing a Guardian Is One of the Hardest But Most Important Decisions You’ll Make as a Parent”
The difference between revocable and irrevocable Trusts is pretty simple. One Trust is capable of being reversed, and the other is not. But that answer isn’t usually what my clients are looking for when they ask me this question. What they really want to know is, ‘What type of Trust is right for me?’ RevocableContinue reading “What’s the Difference Between Revocable and Irrevocable Trusts?”
A blended family or step family is often comprised of children who are natural to only one parent, as well as children that are natural to both parents. Planning for blended families focuses on several issues including disinheriting ex-spouses, protecting children from previous marriages, providing for the new spouses, providing for the children of theContinue reading “My Kids, Your Kids and Our Kids – Planning for a Blended (Step) Family”
By Attorney Marc Guertin When a person passes away, their assets and estate need to be managed and distributed according to their wishes. This crucial responsibility falls on the shoulders of an executor. An executor is an individual or a professional appointed by the deceased person in their will or by a court to administerContinue reading “I’ve been appointed Executor. Now What?”
state planning is essential for everyone, but it can be especially important for
artists and creatives. Not only do these individuals often have unique assets and
income streams, but they may also have specific wishes for how their intellectual
property and legacy are managed after they pass away.