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Digital Estate Planning – It’s Time to Plan for your Digital Assets

In the year and a half since I last wrote about planning for digital assets not much has changed in Massachusetts.  Our state is still one of a handful of states that has not enacted the Revised Uniform Fiduciary Access to Digital Assets Act (RUFADAA), although there is a bill pending in the Massachusetts legislature […]

5 Considerations If You Plan to Move to A Continuing Care Retirement Community

You may be asking yourself “What is a Continuing Care Retirement Community?” A Continuing Care Retirement Community (CCRC) is a community that consists of graduated levels of residential and health care options to accommodate elders who are looking to downsize but remain independent and ensure that their health care needs are met as they “age […]

Tax Time is Estate Planning Check-up Time

In February, you’ll get tax forms – use them as an estate planning checklist for reviewing beneficiary designations. By February 15, financial institutions will have sent you all the forms needed for your tax returns.  This nifty pile can help you review your beneficiary designations to make sure they are up-to-date. Beneficiary designations determine how […]

When Love Stinks – Five Ways Divorce Impacts your Estate Plan

The approach of Valentine’s Day and the recent announcement by Jeff Bezos, founder of Amazon, that he and his wife are ending their marriage after 25 years, set me thinking about how divorce impacts a person’s estate plan (especially in high net worth couples).  Here are five ways that divorce can impact an estate plan […]

Benefitting Charities Under Your Will – When is it Better to Give?

I recently read an article about a man in Washington who donated more than $11 million to several charities after his death via his Will.  It got me thinking about charitable giving and legacy planning, and when it’s a good idea to consider naming one or more charities as the recipients (beneficiaries) of your estate […]

Five Reasons Not to use “Pay-on-Death” Accounts or Joint Ownership to Avoid Probate

As an estate planning attorney, I advise clients about the ways they can pass their assets to their beneficiaries and avoid probate.  This is a desirable goal for most people since probate can be expensive, time consuming, and aggravating for those you leave behind.  There are multiple ways to avoid probate including:  1) owning assets […]

Five Answers to Your Questions about Using Trusts to Save Estate Taxes

Although all citizens or residents of the United States are subject to the federal estate tax at death, the current federal estate tax exemption of $11.2 million per person means that most of us will not pay a federal estate tax at death.  However, Massachusetts has the distinction of being one of only 18 states to […]