It’s rare that a movie centers on an archaic estate planning issue, but that’s exactly what Martin Scorsese’s latest film does. While the movie received critical acclaim, it contained a surprising plot centered on real-life Estate Planning issues and the lengths to which certain individuals went to steal from the Osage Indian Tribe. This second in the series explores the real-life application of Estate Planning in the movies. Read on to learn more. … [Read more...] about Estate Planning Lessons from the Movies – Part II
Tax Planning for 2024
Planning is important for your income taxation during life as well as for any estate tax at death. Even though 2024 is just starting, it’s not too early to think about planning for whatever it may bring your way. Read on to learn more. … [Read more...] about Tax Planning for 2024
It’s a Great Time to Consider a Donor Advised Fund
As year-end approaches, many individuals look for ways to lower their income tax burden. Charitable contributions allow individuals to offset a portion of their income, but not all charitable contributions are created equally, and each has certain requirements to obtain the charitable deduction. Certain charitable-giving vehicles allow a donor to get more bang for their buck. Read on to learn more. … [Read more...] about It’s a Great Time to Consider a Donor Advised Fund
Estate Planning Lessons from the Movies – Part I
It’s rare that a movie centers on an archaic estate planning issue, but that’s exactly what Martin Scorsese’s latest film does. Recently Killers of the Flower Moon was released in theaters to critical acclaim. That’s no surprise. The surprise is that the central conflict of the movie focuses on several Estate Planning issues and provides real-life lessons for all of us. Read on to learn more. … [Read more...] about Estate Planning Lessons from the Movies – Part I
Gift and Estate Taxes: A Guide for Massachusetts Residents
When you contemplate the creation of your estate plan, you likely focus on the ability to decide who will inherit from your estate and what assets each beneficiary will receive. The ability to make those decisions is undeniably an important motivation for creating an estate plan; however, a comprehensive estate plan allows you to do much more than just deciding how your estate assets will be distributed after your passing. One of the most advantageous aspects of a well thought out estate plan is … [Read more...] about Gift and Estate Taxes: A Guide for Massachusetts Residents
Estate Planning for Aging Parents: A Guide for Caregivers
Caregivers provide support for the millions of Americans who are caring for aging parents. With that in mind, the attorneys at Legacy Care Law Firm have prepared a guide for caregivers, including some estate planning tips for caregivers with aging parents. America’s Caregivers Today, there are over 50 million people providing unpaid care to a family member or loved one in the United States. Many of those caregivers are providing care to an elderly parent or parents, many of whom are … [Read more...] about Estate Planning for Aging Parents: A Guide for Caregivers
Don’t Be a Turkey – Take Advantage of Your Annual Per Donee Exclusion Amount
The holidays are a great time to review the past year and make plans for the upcoming one. Part of those plans should be reviewing your Estate Plan and considering what if any, steps you should take to help you achieve your goals. One of the easiest, but most overlooked, ways to do some quick planning is to take advantage of the annual per donee exclusion amount which can have a tremendous impact on reducing the estate without use of the applicable exclusion amount. Read on to learn more. … [Read more...] about Don’t Be a Turkey – Take Advantage of Your Annual Per Donee Exclusion Amount
Estate Planning and Veteran Benefits
If you are a veteran of the United States Armed Forces, both the United States government and every American citizen owes you a debt of gratitude that can never truly be repaid. The U.S. government does, however, try to repay that debt by offering you numerous benefits based on your status as a veteran. As a veteran, these benefits should also be included in your estate plan as some of them transfer to a surviving spouse and/or dependent. To ensure that you are receiving all your benefits, the … [Read more...] about Estate Planning and Veteran Benefits
The Seedier Side of the Holiday Season
Scammers will use any leverage possible to separate you from your money. This includes preying upon a grandparent’s love and concern for their grandchildren. The so-called grandparent scams are among the most popular scams targeting the elderly and rely upon details gleaned from social media sites to make the call seem realistic. It’s important to recognize the signs of potential scams and understand how to guard against them. Read on to learn more. … [Read more...] about The Seedier Side of the Holiday Season
Exploring Elder Abuse
As seniors live longer and technology makes it easier for everyone to stay connected, elder abuse continues to rise. Estate planning attorneys may find themselves on the front-line of these matters. Because elder abuse takes on many forms, it’s important for practitioners and consumers alike to have the skills necessary to recognize the signs of elder abuse. Read on to learn more. … [Read more...] about Exploring Elder Abuse
