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Archive for the ‘Legal & Financial’ Category

When In-laws Become Outlaws

Posted on January 16, 2017 | No Comments

As a general rule, I think that including an in-law in your estate plan is a bad idea. No one wants to think about a divorce in the family, but, realistically, there is no guarantee that your son or daughter will remain married to his or her spouse.

What Happens to My Money if My Child Gets Divorced?

Posted on July 5, 2016 | No Comments

When you leave assets to your children in your Will, your children inherit those assets without any strings attached and they can do whatever they want with the assets.  Typically, […]

Two’s a Crowd: The Problems With Using Multiple Fiduciaries

Posted on May 16, 2016 | No Comments

Often, when I begin discussing who will serve as a Personal Representative, Power of Attorney, or Trustee with my clients, they want two or more of their children to serve […]

Scams, Spam and other Senior-Targeted Fraud

Posted on May 2, 2016 | No Comments

It has been a while since the deposed Prince of East Overshoe contacted me to help him get $20,000,000 out of the country, with of course a large cut to […]

What is (and isn’t) included in an Assisted Living Community’s monthly fee?

Posted on March 9, 2016 | Comments Off on What is (and isn’t) included in an Assisted Living Community’s monthly fee?

In most assisted living communities the basic monthly fee covers an apartment, two to three meals per day, utilities, maintenance, housekeeping and laundry of bed linens. Personal care assistance such as bathing, dressing and medication assistance will be available but may not be included in the basic monthly fee.

How Much Does Assisted Living Cost?

Posted on March 7, 2016 | Comments Off on How Much Does Assisted Living Cost?

How much does Assisted Living cost? Unfortunately the answer is not always simple. Different companies and owners use different types of pricing structures. Learn about the various types of pricing structures you may encounter while touring assisted living communities: All-Inclusive Care Pricing, Tiered Care Pricing and À la Carte Care Pricing.

How Much Does Home Care Assistance Cost? (VIDEO)

Posted on February 24, 2016 | Comments Off on How Much Does Home Care Assistance Cost? (VIDEO)

While both home health care and assisted living can provide a safe and secure environment for your loved one there are the other important factors that you should take into consideration when weighing the options. Find a cost of senior living expense calculator to accurately weigh your senior living options.

The Assisted Living Tax Deduction (VIDEO)

Posted on February 15, 2016 | Comments Off on The Assisted Living Tax Deduction (VIDEO)

Some or all of your assisted living costs may be tax deductible! Peter Mullin, partner at Senior Living Residences (Boston, MA) explains what you need to know about an assisted living tax deduction.

When is it no longer safe for seniors to drive?

Posted on January 5, 2016 | Comments Off on When is it no longer safe for seniors to drive?

Driving by mature citizens is one of the most difficult issues we face as a society. Although we all agree that aging can impair certain functions required to drive, such as eyesight, we do not agree on when the impairment reaches the point that driving is not safe. Legally, in Massachusetts, the test for driving is applied on a case by case basis.

Simplify! Your Heirs Will Thank You

Posted on October 20, 2015 | Comments Off on Simplify! Your Heirs Will Thank You

In some cases, people pay more in legal fees to access assets that were left out of a trust than the assets are worth. I have taken to advising my clients to simplify by liquidating all their “little” assets. If you are not sure exactly what you own, here is what to do.

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