Often, a client wants to keep land in the family. Sometimes they want to discourage further development and get tax benefits for doing so. A conservation easement can help achieve both objectives. Read on to learn more. … [Read more...] about Conservation Easements Can Be a Good Solution
Donor Advised Funds: Too Good to Be True?
There’s a way to make a charitable gift and yet be able to influence where it goes and how it’s invested. This can be very handy if you want to time your charitable giving for income tax reasons. Read on to learn more. … [Read more...] about Donor Advised Funds: Too Good to Be True?
Changing “Irrevocable” Trusts Through Decanting
Irrevocable Trusts are often included as part of a comprehensive estate plan and are usually established many years before they pay out or terminate. These trusts didn’t change with changes in beneficiary circumstances or with evolving legislation, but now they can. This article explores how. … [Read more...] about Changing “Irrevocable” Trusts Through Decanting
Contesting a Deathbed Will in Massachusetts
A common motivation for creating an estate plan is so that loved ones aren’t faced with any real surprises during the probate of an estate. What happens though if you learn that a recently deceased loved one made a death bed Will at the last minute and that new Will modified the terms of his/her previous Will? Is that deathbed Will valid? Can you contest the Will? The North Andover estate planning attorneys at Legacy Care Law Firm discuss contesting a deathbed Will in Massachusetts. What Is a … [Read more...] about Contesting a Deathbed Will in Massachusetts
Can I Prevent a Challenge to My Will?
A primary motivation for creating a Last Will and Testament is to ensure that estate assets are distributed according to the Testator’s wishes after they are gone. If that Will is invalidated, however, the state ultimately decides what happens to your assets. Knowing that it seems wise to do what you can to prevent challenges to your Will. Toward that end, a Nashua estate planning attorney at Legacy Care Law Firm discusses what you can do to prevent a challenge to your Will. What Does … [Read more...] about Can I Prevent a Challenge to My Will?
Common Elder Law Questions Answered
At some point in your life, you will likely need to rely on an elder law attorney for advice and/or guidance. As the nation’s population of older individuals continues to grow at a heretofore unprecedented pace, legal issues that impact the elderly have taken on heightened importance. While it is always best to consult directly with an elder law attorney with specific questions you may have, the Nashua elder law attorneys at Legacy Care Law Firm have provided the answers to five of the most … [Read more...] about Common Elder Law Questions Answered
Using a Living Trust to Stagger the Inheritance You Pass Down
Like many people, you probably created an estate plan to ensure that your assets are used to provide for loved ones after you are gone. Making direct gifts within your estate plan is one way to do that; however, you may not want to make a direct gift if the assets are valuable and/or the beneficiary is unprepared to manage the assets. In that case, you may wish to stagger the distribution of the inheritance you gift to a beneficiary. The North Andover trust attorneys at Legacy Care Law Firm … [Read more...] about Using a Living Trust to Stagger the Inheritance You Pass Down
How Using Specific Bequests Could Cost Beneficiaries their Inheritance
Parents often decide to leave one child a specific asset and provide an equalizing cash bequest to the other. This article explores how specific bequests may provide unintended results. Read on to learn more. … [Read more...] about How Using Specific Bequests Could Cost Beneficiaries their Inheritance
The Importance of Insuring Real Estate
Transferring real estate to a trust has become a widely used tool in estate planning. Unfortunately, it’s easy to overlook important aspects of the transfer that lead to unintended consequences. With careful planning, you can avoid these traps. Read on to learn more. … [Read more...] about The Importance of Insuring Real Estate
Is It Too Late to Save My Assets If I Need to Qualify for Medicaid?
If you have never needed to rely on Medicaid to cover your health care expenses, why would you need to include Medicaid planning in your estate plan? Unfortunately, the reality is that many seniors do eventually need to qualify for Medicaid at some point to help with the high cost of long-term care. If you find yourself in that position, is it too late for Medicaid planning to help? A Woburn Medicaid planning attorney at Legacy Care Law Firm explains how last-minute Medicaid planning may still … [Read more...] about Is It Too Late to Save My Assets If I Need to Qualify for Medicaid?
