People often consider putting an estate plan together when they are going through a crisis. But how often do they think about doing (or re-doing) their estate plan when their child is in crisis? A recent article in the Boston Globe about parents of heroin or oxycontin addicts who have formed support groups made me [...]
Read the full article »
Financial and estate planning is important for every family, but more so for those families who have children with special needs. MassMutual has a recent article on Helping to Build the Financial Future of Your Child with Special Needs, which provides a checklist for parents to consider when planning. The list includes:
Investigating what government [...]
Read the full article »
You’ve scheduled an appointment with your attorney, and the meeting to talk about your estate plan is next week. You have the information form she asked you to fill out, but in addition to listing your assets and income and children, there are other things to think about that don’t fit so nicely into a [...]
Read the full article »
Choosing a potential guardian for a child is no easy task for any parent, but it may be even more difficult for a parent of child with special needs. In addition to things like "will my kids be comfortable in their home?" you also have to consider
do the guardians live near my child’s medical providers? [...]
Read the full article »
People make New Year’s Resolutions about a lot of things – getting in shape, stopping smoking, getting organized, drawing up their Will and other planning documents. And just as your personal trainer can give you information about the best way to get in shape and guide you on your way, your doctor can offer assistance [...]
Read the full article »
Planning for a child with special needs requires more than just making sure that you leave some money for them. Many times, children (including adult children) are receiving Medicaid or other government benefits due to their disability. This is true even if they have private health insurance as well, since private health insurance doesn’t cover [...]
Read the full article »
Most people think that the time to revise their estate plan, including their health care proxy and living will is when a big change occurs: marriage, birth of a child, divorce, etc. However, as Shelly Mactyre, of The Fig Tree points out, you may wish to change your living will or health care directive when [...]
Read the full article »
What happens if you die without a Will? How will your property in Massachusetts pass to your loved ones? It is often said that if you don’t have an estate plan, the State has one for you. Here it is:
1) If a person dies with a spouse, and with kindred (relatives) surviving them, (but [...]
Read the full article »
Today’s Boston Globe Magazine had a column regarding some of the struggles parents go through when deciding when and how to make their estate plans. It seems like all this father needed was a little nudge from his daughter. If your children can’t talk yet, or haven’t brought up your estate plan, don’t let that [...]
Read the full article »
There was a great post recently by Jennifer Sawday, an estate planning attorney in California, in which she talks about some of the reasons people don’t make an estate plan. The three she came up with were: price, fear and not knowing the consequences of not making a plan.
I would add to this list: [...]
Read the full article »