We are still working during the Corvid-19 pandemic. Associate Attorney Kenneth Collinson is available for in-person meetings or meetings via Zoom. Owner Jennifer Deland is only available through the Zoom conferencing system for client meetings. If you wish you had your "ducks in a row" in these scary times, we are available to help you with that. You can call us at 508-429 8888 to arrange a consultation appointment.
We provide estate planning and elder law guidance to people in Holliston, Milford, Ashland, Hopkinton, Medway and other surrounding towns. We work with people who want to plan their own estates, as well as people confronted by the need to settle the estate of a family member who has died, and people needing to apply for Medicaid to help with long-term care in a nursing home.
We help our clients to create powers of attorney and health care proxies, as well as various types of trusts, Life Trusts (sometimes called "living" trusts) and irrevocable Legacy trusts as well as 3rd party trusts for special needs and "d4(a)" trusts to protect assets being paid out to disabled beneficiaries.
We provide estate planning and elder law guidance to people in Holliston, Milford, Ashland, Hopkinton, Medway and other surrounding towns. We work with people who want to plan their own estates, as well as people confronted by the need to settle the estate of a family member who has died, and people needing to apply for Medicaid to help with long-term care in a nursing home.
We help our clients to create powers of attorney and health care proxies, as well as various types of trusts, Life Trusts (sometimes called "living" trusts) and irrevocable Legacy trusts as well as 3rd party trusts for special needs and "d4(a)" trusts to protect assets being paid out to disabled beneficiaries.
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What is Estate Planning?
Estate planning is putting into place, on paper, what you want to have happen to the part of your world that you directly control: the things you own, your insurance, your retirement account, even your body.
If you become incapacitated, you won't be able to manage your own financial affairs.
Many are under the mistaken impression that their spouse or adult children can automatically take over for them in case they become incapacitated.
The truth is that in order for others to be able to manage your finances, they must petition a court to declare you legally incompetent.
Estate planning is putting into place, on paper, what you want to have happen to the part of your world that you directly control: the things you own, your insurance, your retirement account, even your body.
If you become incapacitated, you won't be able to manage your own financial affairs.
Many are under the mistaken impression that their spouse or adult children can automatically take over for them in case they become incapacitated.
The truth is that in order for others to be able to manage your finances, they must petition a court to declare you legally incompetent.
The high cost of long-term care has made planning a critically important issue for most middle class seniors and their families.
In fact, most seniors will likely require some form of long-term care.
Sadly, many of them are unprepared for the significant financial burdens it places on their family's hard earned savings.
Financial devastation looms large for a family facing ongoing care at a rate of $10,000 or more per month.
While some seniors are able to afford private pay care, the cost of long-term care will wipe out savings of all but the wealthiest families in a matter of years.
In fact, most seniors will likely require some form of long-term care.
Sadly, many of them are unprepared for the significant financial burdens it places on their family's hard earned savings.
Financial devastation looms large for a family facing ongoing care at a rate of $10,000 or more per month.
While some seniors are able to afford private pay care, the cost of long-term care will wipe out savings of all but the wealthiest families in a matter of years.
When a loved one passes away, his or her estate often goes through a court-managed process called probate or estate administration where the assets of the deceased are managed and distributed.
If your loved-one owned his or her assets through a well drafted and properly funded living trust, it is likely that no court-managed administration is necessary, though the successor trustee needs to administer the distribution of the deceased's assets.
The length of time needed to complete the probate of an estate depends on the size and complexity of the estate and the local rules and schedule of the probate court.
If your loved-one owned his or her assets through a well drafted and properly funded living trust, it is likely that no court-managed administration is necessary, though the successor trustee needs to administer the distribution of the deceased's assets.
The length of time needed to complete the probate of an estate depends on the size and complexity of the estate and the local rules and schedule of the probate court.
Many parents put off estate planning because they do not think they have substantial assets to protect.
This outlook is common among young adults who think they have plenty of time to accumulate wealth and plan for it at a later date.
However, in failing to create a proper estate plan, many parents cannot adequately protect their children.
All parents, with or without a great deal of assets should have an estate plan in place to set forth their wishes for their children which includes, among other things, nomination of a guardian in the event that they have an untimely passing while the child is still a minor.
This outlook is common among young adults who think they have plenty of time to accumulate wealth and plan for it at a later date.
However, in failing to create a proper estate plan, many parents cannot adequately protect their children.
All parents, with or without a great deal of assets should have an estate plan in place to set forth their wishes for their children which includes, among other things, nomination of a guardian in the event that they have an untimely passing while the child is still a minor.
Have you seriously considered what will become of your faithful companion - your beloved pet - upon your death or disability?
If not, now is the time.
If you don't have a plan that quickly and easily provides for your pet's food, shelter, and care, please keep reading.
One of the main goals of estate planning is to provide for your loved ones, and for many of us, "loved ones" includes our pets.
While you can always ask a friend or relative to look out for your pet, they aren't legally obligated to unless you set up an estate plan for this.
If not, now is the time.
If you don't have a plan that quickly and easily provides for your pet's food, shelter, and care, please keep reading.
One of the main goals of estate planning is to provide for your loved ones, and for many of us, "loved ones" includes our pets.
While you can always ask a friend or relative to look out for your pet, they aren't legally obligated to unless you set up an estate plan for this.
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