Monthly Archives: June 2011

Should my elderly parent, in a nursing home, sell her house?

Posted on June 30, 2011 by admin

One of the most common questions surrounding estate planning for the elderly is what to do with their home and other assets after one or both have entered a nursing home. The children of elderly parents are constantly asking estate … Continue reading →

Posted in Elder Care, Estate Planning, Medicaid | Tagged , , , | Leave a comment

Elder Care and Consideration

Posted on June 20, 2011 by admin

The process of watching elderly parents age before your eyes is an emotional and challenging experience and for members of the “sandwich” generation, a duty to balance the care for their children and their parents can be a difficult job.  … Continue reading →

Posted in Elder Care, Estate Planning | Tagged , | Leave a comment

Massachusetts Business Succession Planning

Posted on June 16, 2011 by admin

What to do when the family has not talked about the future of the family business?  Many closely held family businesses have begun to use mediators when planning how the business will be passed down to future generations.  This is … Continue reading →

Posted in Business Planning, Massachusetts estate planning | Tagged , | Leave a comment

Federal Estate and Gift Tax Changes

Posted on June 7, 2011 by admin

The tax legislation enacted in late 2010 has five significant components: 1)      The federal estate tax exemption for individuals dying in 2011 and 2012, is $5 million with a federal estate tax rate of 35%.  Beneficiaries  who receive assets from … Continue reading →

Posted in Estate Planning, Estate Tax, Taxes | Tagged , , | 1 Comment

Standby Guardianship of Minor Children

Posted on June 1, 2011 by admin

Every parent, for their own peace of mind, should have a standby guardianship in place ready to be used if the situation occurs where neither parent is available to care for the minor children.
Continue reading →

Posted in Estate Planning, Guardianship | Tagged , , | Leave a comment