In the state of Massachusetts, a living will is a suggested supplement and companion document for your healthcare proxy. While your healthcare proxy is the official document that allows you to name individuals who you wish to help you in the event that you’re unable to make healthcare decisions on your own, your living will… Read More »
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What Happens to Stocks After the Death of the Owner?
Across the United States, stock ownership is extremely common and this is why the question about what happens to stock ownership transfer when the holder passes away is of great importance to many individuals. There are numerous variables that impact this, but the most important one has to do with whether or not the stocks… Read More »
Living Longer
Recently, President and Mrs. Obama made news when they enjoyed a visit and short dance with a 106-year-old woman from Washington D.C. Virginia McLaurin, told reporters she had waited all her life to see a black man in the White House and had launched her own social media campaign two years ago, to visit the… Read More »
How Much Debt is Too Much?
A recent report from the New York Federal Reserve, as reported in the Wall Street Journal, pointed out that older Americans are holding more debt than previous generations. According to the report, the average Baby Boomer over 65 has 47% more mortgage debt and 29% more auto debt than a 65-year-old had in 2003 (after… Read More »
Who is a Qualifying Relative
For many years Baby Boomers were consumed by ‘empty nest syndrome’ when their children moved out and they had fewer responsibilities. Anxiety centered around everything from what to do with the rest of your life to how to use the extra space and whether your should move into a smaller home. But then The Recession… Read More »
A Warning for Long-Term Care Patients: Monitor Your B12 Levels
Today’s entry is a little different from my usual blogs, and it’s written especially for my clients who are currently receiving some form of long-term care. A brand-new study out of Canada, reported in U.S. News & World Report, finds that Vitamin B12 deficiency is surprisingly prevalent among long-term care patients, and it’s a real… Read More »
You Can’t Paint Long-Term Care Insurance with a Broad Brush
Forbes has an interesting new article that traces the history of long-term care insurance in America. It’s a topic I suspect many college history courses fail to touch upon, and not many more law school classes either. Essentially, the summary looks like this: For a long time, long-term care insurance wasn’t very good. Then, in… Read More »
A New Year, A New Hope for Dementia
Star Wars is all anyone is talking about these days, so I supposed it’s appropriate to be blogging about “a new hope.” (For those who’ve been hiding under an asteroid for the last forty years, A New Hope is the retroactively applied subtitle for the original Star Wars film.) Over the last year or so,… Read More »
This New Year, Resolve to Estate Plan
New Year’s resolutions always seem to be the same — eat less, run more, get better sleep, etc. Sadly, breaking those resolutions has become as traditional as making them in the first place! Forbes reports that only 8% of Americans manage to maintain their resolutions for the full year. Most of us ditch them in just… Read More »
Three Youthful Myths About Estate Planning for Millennials
Blitheness is the prerogative of the young. Arguably, no generation has better exercised its right to youthful nonchalance than the Millennial one, known for its “Peter Pan” reluctance to embrace the burdens of adulthood. Then again, maybe that isn’t fair. Millennials might think about growing up in different terms than those who came before them,… Read More »