You probably already recognize the need to have at least a basic estate plan in place; however, like over half of all Americans you may not have gotten around to actually creating one yet. For most people, an estate plan starts with creating a Last Will and Testament. If you are ready to get started on your Will, you might be wondering if you really need an estate planning attorney to help you or if you can save some money by just going the “Do-It-Yourself” route. Although it may seem as though … [Read more...] about Do I Really Need an Estate Planning Attorney to Help Create My Will?
Top 5 Nashua Medicaid Planning Mistakes
Although your initial estate plan may be rather simplistic, as both your estate and your family grow over the years, your estate plan should grow along with them. Additional strategies and tools should be incorporated into your estate plan in order to address your changing needs and goals. One component that most people choose to include in their estate plan as they near retirement age, if not before, is Medicaid planning. Like most people, you may be aware of the need for Medicaid planning; … [Read more...] about Top 5 Nashua Medicaid Planning Mistakes
Top 5 Nashua Elder Law Topics
The population of older Americans continues to increase by leaps and bounds. Consequently, issues that impact the elderly and those who care for them have become increasingly important. Whether you are a senior yourself or are the loved one of one, you may someday need the assistance of an elder law attorney. Because elder law is such a relatively new area of the law, people often don’t know when they need an elder law attorney. To help you better understand the area of elder law, the attorneys … [Read more...] about Top 5 Nashua Elder Law Topics
Woburn Asset Protection Attorneys Explain How an Irrevocable Living Trust Can Help
One of the primary motivations for creating your estate plan is likely the desire to ensure that your estate assets are used to help provide and care for your loved ones in the event of your death. For that to happen, however, you must not only acquire sufficient assets, but also protect those assets over the course of your lifetime. Some threats to your estate assets may be obvious, such as creditors, economic downturns, and divorce. Other threats, however, are not as obvious, such as the cost … [Read more...] about Woburn Asset Protection Attorneys Explain How an Irrevocable Living Trust Can Help
New Hampshire Ranked 7th Best State for Retirees
Retirement planning is essential anymore if you wish to be financially secure when you reach your retirement years. Ideally, a retirement plan begins soon after you land your first “real” job and continues to grow over the years. Initially, retirement planning means nothing more than setting aside as much money as possible in the hope that you can make it grow over the years. As you get closer to actually retiring though, that plan will become more intricate as details are added to it. One … [Read more...] about New Hampshire Ranked 7th Best State for Retirees
Woburn Asset Protection Attorney Explains the In-Law Threat
If one of the reasons you work so hard, save regularly, and invest wisely is so you will be able to pass down some of the assets you amass to your children, don’t forget the need to protect those assets from potential threats. Asset protection should play an important role in any estate plan to ensure that your hard-earned assets are safe and that you have an estate left to pass down at the end of your life. Many of the threats to your assets are easy to recognize; however, some are not so … [Read more...] about Woburn Asset Protection Attorney Explains the In-Law Threat
New Tax Law May Affect State Income Tax, Too!
The new tax law has many impacts on state income taxes in 2018. The law limits the deductibility of state income taxes for federal purposes. It also raises the federal standard deduction amount. However, taxpayers should consider the impact on their state income tax of the decisions they make to minimize their federal taxes. This article examines why. New Tax Law May Affect State Income Tax, Too! … [Read more...] about New Tax Law May Affect State Income Tax, Too!
Sager Family Shows Perils of Blended Families
Blended families require special planning. Communication of those plans is key to keep frictions to a minimum. This story examines the controversy in the family of sports reporter Craig Sager, who died in December 2016. Sager Family Shows Perils of Blended Families … [Read more...] about Sager Family Shows Perils of Blended Families
Planning for Retirement Plans and IRAs: Beneficiary Designation
Perhaps the largest part of most Americans’ wealth is in their qualified plan or IRA. Planning for these assets is one of the most important parts of the estate plan, for many reasons. This article will discuss the importance of beneficiary designations. Planning for Retirement Plans and IRAs: Beneficiary Designation … [Read more...] about Planning for Retirement Plans and IRAs: Beneficiary Designation
Planning for Retirement Plans and IRAs: Asset Protection
Perhaps the largest part of most Americans’ wealth is in their qualified plan or IRA. Planning for these assets is one of the most important parts of the estate plan, for many reasons. This article will discuss the asset protection of such plans and how a trust may be used to provide asset protection. Planning for Retirement Plans and IRAs: Asset Protection … [Read more...] about Planning for Retirement Plans and IRAs: Asset Protection
