An Important Holiday Check-In With Aging Parents
Over the years, your parents have likely been a great source of information and advice, some well received, other times no so much. However, now that they are entering the...
View ArticleEstate Planning Lessons from Downton Abbey
***Spoiler Alert for Season 4, Episode 1*** If you, like me, are one of the many fans of PBS’s series “Downton Abbey,” you probably caught the season four premier last...
View ArticleThe Importance of a Basic Estate Plan
Recently I was reminded, yet again, of how important having a solid foundational estate plan can be, no matter your net worth. Before getting into the various options regarding trust […]
View ArticleWeighing Your Social Security Options
For many elder law clients in Woburn, Social Security benefits represent a very large portion of their post-retirement income. Because of the way that the system has changed since...
View ArticleEstate Planning for the Little Things
Estate planning involves preparing for considerations related to incapacitation and death. And while there are many commonly thought-of items, like creating wills and naming guardians, there are some...
View ArticleFinancial Self-Protection Tips for the Newly Single
Whether you have a lost a spouse or partner through divorce or death, being thrust into singlehood can be an emotionally and financially jarring experience. To get yourself back on […]
View ArticleMedicaid Forces Insurance Spend Down
When speaking with groups about Medicaid (MassHealth) planning, I often get asked about life insurance policies and how they will be treated when applying for MassHealth benefits. Many people simply...
View ArticleEstate Planning for Business Owners: Tax Benefits of Charitable Remainder Trusts
Most successful business owners have spent years building their business into a profitable enterprise. However, as retirement approaches they are often discouraged to find that selling their business...
View ArticleMaking a Charitable Organization the Beneficiary of Your Life Insurance Policy
Clients come to my Woburn estate planning office with a desire to make a difference to the next generation. Obviously, there is a need to plan for children and grandchildren, […]
View ArticlePlanning for College-Aged Adults
For the past several weeks we’ve been talking about what you can do in terms of estate planning for your minor children (guardianship, asset management, life insurance, retirement plans), but your...
View ArticleIt’s National Estate Planning Awareness Week and We Want to Hear From You!
Did you know that October 19th-25th is National Estate Planning Awareness Week? Estate planning is a key element to financial wellness. Unfortunately it is often overlooked. We want to hear from you...
View ArticleWealth & Well-Being Consultation: Our October Offer Just For You!
You’ve worked HARD to get where you are. But are you leaving your family’s future to chance? Research shows that at least 70% of people over age 65 will need long-term care services and support at some...
View ArticleRecap: Seminar for Senior Citizens (and the people who love them) at the...
A chilly rain did not deter attendees on Thursday, November 12, from attending attorney Matthew Karr’s seminar for senior citizens and the people who love them. During this free event held at the...
View ArticleMassachusetts Caregiver Programs
Caring for elderly and infirm family members can be an extremely challenging job. Often, personal finances are sacrificed in an effort to help a loved senior stay at home while receiving the care they...
View ArticleTough Conversations with Aging Parents
Whether you see your parents on a daily or weekly basis or have to travel to visit them at the holidays, there comes a time when we realize that they are aging and may be facing some health or...
View ArticleFinancial Planning vs. Estate Planning
Financial planning and Estate planning both have extremely important, and sometimes interconnected, functions. Both are also highly specialized in nature, requiring you to find the right partner to...
View ArticleParent/Child Joint Accounts: Why they can be problematic
Creating a joint bank account between Parents and their adult children may seem like a simple way to allow the adult child to write checks on behalf of their parent, or plan to avoid probate upon the...
View ArticleRole Reversal: Managing Your Parents’ Finances
As we have mentioned in recent blog articles, the Holidays are the perfect time to check in on your aging parents whom you may not see on a regular basis if you live a significant distance apart. Part...
View ArticleHandling Your Inheritance
Receiving a large inheritance can change your life for the better. But if it’s not handled properly, you might find yourself with less money than you started with. That’s because that sudden windfall...
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