News from Samuel, Sayward & Baler LLC for June 2017 includes the articles: Five Ways to Make Sure Health Care Wishes are Carried Out, Dementia Friendly Massachusetts, Protecting your Child’s Inheritance from the Reach of a Divorcing Spouse, Long-Term Care Insurance Update, Calling all New Parents, and What’s New at Samuel, Sayward & Baler LLC.
To all of our clients who are looking to cross something off their to-do list this summer, check out this interesting read from last week’s “Your Money” Section of The New York Times. It’s never too early to start the conversation about long-term care planning! This article shows us that even people who consider themselves […]
In my estate planning and elder law practice, many clients express curiosity about Irrevocable Trusts, wanting to know what an Irrevocable Trust is used for and how it works. Here are five things to know about Irrevocable Trusts. 1. An Irrevocable Trust has beneficiaries who have rights to the Trust property. It is a common […]
Long-term care is on people’s minds more and more these days. Most baby boomers, now between their 50s and their 70s, know families with someone who needs personal care. Directly knowing a friend or family whose financial life is upended by the bone crushing expense of long-term care is motivating boomers who have Long-Term Care […]
On May 11, our firm’s bi-monthly Smart Counsel presentation focused on the best way to protect the inheritance you will leave to your children from the reach of your child’s spouse in the event of a divorce. There were two parts to our program. First, family law attorneys Barbara Nason and Amy Vaughn spoke about […]
The Massachusetts Executive Office of Elder Affairs has a new initiative to raise awareness about the prevalence of dementia in our state, in an effort to make our communities and those who live in them more “friendly” to those who suffer from dementia. Did you know that one in eight older adults in Massachusetts has […]
On May 30, 2017, the Supreme Judicial Court vacated the judgments of the Worcester County Superior Court companion cases, Daley and Nadeau, concluding that the right to use and occupy a residence does not make the assets contained within an irrevocable income only trust countable for MassHealth purposes. The cases, which were argued before the […]
Wills and Trusts are both estate planning documents used to pass assets on to beneficiaries at death. However, there are distinct advantages to using a Trust over a Will. Here are five ways in which a Trust is better than a Will to pass your estate to your beneficiaries. A Trust can be used to […]
For many people, their IRA (or 401K) is their largest asset, other than perhaps their home, and making sure that is protected for their beneficiaries is important. Here are some things to consider when naming beneficiaries. Name your spouse. As a general rule of thumb, if you are married you should name your spouse as […]
News from Samuel, Sayward & Baler LLC for Febraury 2017 includes the articles: Five (Good) Reasons to Treat your Children Differently in Your Estate Plan, Employer Sponsored Retirement Plans: What You Need to Know, MassHealth Update, We Get Around, SSB Partners with Honoring Choices, Spreading Some Holiday Cheer and What’s New at Samuel, Sayward & Baler LLC.