Monthly Archives: April 2024
Can You Disinherit A Child From Your Will In Massachusetts?
An estate plan allows you to retain control of your property and assets. In Massachusetts, a person has broad discretion to organize his or her own affairs. While most people opt to keep their kids at the center of their estate plan, you have the right to disinherit a child—but, to meet legal standards,… Read More »
529 Plans And Estate Planning: What They Are, Why They Are Useful, And How To Set One Up
The cost of college continues to rise. A parent, grandparent, aunt/uncle, or other person who cares about a child’s future, you may want to provide financial support to their education. A 529 plan is one of the most cost effective estate planning tools to support a child’s future education. In this article, our Boston… Read More »
Revising An Estate Plan: Should I Write A New Will From Scratch Or Revise My Existing Will?
Every adult needs a well-drafted Will. If you have one—which the AARP notes that 60 percent of adults do not—you are in a good position. That being said, an outdated Will may not effectively protect your best interests. You should review, and if needed, revise, your estate plan on a regular basis. This raises… Read More »
Long-Term Care Planning In Massachusetts: Does Medicare Cover Nursing Homes?
Senior Living reports that the average monthly cost of a private room in a nursing home in Massachusetts now exceeds $14,300 per month. While that may be the average, the most common cost is $550 per day or $16,500 per month. Either figure is an extraordinarily high figure. This raises an important question: Does… Read More »