Author Archives: Noreen Murphy

Don’t Give Away Money Until You Know You Won’t Need It

Many in their 50s and older are thinking about gifting money to their adult children. Many are unsure if they can afford to do so. That’s because the real question they are asking is whether they have saved enough for … Continue reading

Posted in Asset Distribution, Gifting, Long Term Care | Leave a comment

Estate Planning Nightmares To Avoid

When it comes to estate planning, there are some big mistakes that you should take pains to avoid. Problems can begin when parents and their offspring haven’t talked about the subject. And even when they do, they often don’t get … Continue reading

Posted in Asset Distribution, Beneficiary Designations, Estate Planning | Leave a comment

Consider a MOLST form

Many of us have signed a health care proxy form — a legal document in which we appoint someone to make medical decisions for us if we become incapacitated. But in Massachusetts, and in many other states, there is another … Continue reading

Posted in Advance Directives | Leave a comment

When Your Parents Lose Their Independence

Moving is always a stressful experience. But for an elderly person who may be forced to give up his or her home — and possibly independence — it can be downright traumatic. However, an article I read last week in … Continue reading

Posted in Caregivers, Elder Care, Nursing Homes, Seniors | Leave a comment

Williams Took Care Of His Kids

It seems nobody can resist reading the juicy details of the life and death of a beloved celebrity and I am no different. But some of the stories are simply salacious, while others are instructive. This one I found on … Continue reading

Posted in Activities, News, and Updates, Asset Distribution, Estate Planning, Inheritances, Trusts | Leave a comment

Estate Planning With A Second Family In Mind

More and more people are getting married a second time and find themselves with two families. Estate planning for one family is hard enough, but it can be quite complex if you have a second one to provide for. That’s … Continue reading

Posted in Blended Families, Estate Planning, Remarriage, Wills | Leave a comment

Get Your Estate Plan Right

A column I came across in the Wall Street Journal the other day got right to the point when it comes to estate planning. Start out by making a will. The column quotes a financial advisor from Illinois who says … Continue reading

Posted in Baby Boomers, Estate Planning, Special Needs Children, Trusts, Wills | Leave a comment

Actor Hoffman Made Mistakes With His Will

I came across an interesting article recently about the actor Phillip Seymour Hoffman and how he made numerous mistakes in his estate planning that are going to impact his partner and kids. I thought his story could serve as a … Continue reading

Posted in Estate Planning, Estate Taxes, Inheritances, Trusts, Wills | Leave a comment

Caring For Spouse Tougher Than Caring For Parent

This blog post is one that many of us in a certain age group will find hits close to home. I found this article on dailyfinance.com and it talks about the difficulties we encounter when caring for an ill parent … Continue reading

Posted in Caregivers, Married Couples | Leave a comment

Boomers Should Be Saving

I recently came across an article on AARP.com that I thought would be important for baby boomers to read. The message: keep saving for retirement. The article noted that many people who could be saving are not doing so. One … Continue reading

Posted in Baby Boomers, Finances, Retirement Planning | Leave a comment