YES!! Any real change in your life setting, such as new baby, marriage, divorce, death in the family, and a sudden financial windfall, can be the reason for updating your will. The following are some of the reasons to update your will: People you...
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Lately I've been doing Zoom with relatives since they are getting on in age. I spent the last few days talking with relatives about life in general and the "good ole days". Somehow the discussion over Wills and Trusts came...
Have you given video conferencing, such as Zoom, a try during the pandemic? It can be a great way to interact with your friends and family through a screen and have a conversation with everyone in the room. However, you need to take steps to ensure...
Inheriting an IRA or aiming to protect your own heirs, you've got to get the IRS involved. 1) First, do no harm. If you inherit a retirement account, don't do anything until you know exactly what rules apply. With your own IRA you can take...
Caring for a loved one or parent can be really difficult, but that difficulty can be exacerbated when the loved one or parent lives far away. Recent studies show that 23% of American adults are caring for an older family member or loved one that...
(Taken from The Norwood Local Town Pages August 2020) In light of the current pandemic, many Americans are becoming aware of the importance of creating or updating their estate planning documents. If you are considering writing your own will or using...
A Guide to Budgeting During the Pandemic Seek relief from bills and prioritize spending during this tough time by John Waggoner, AARP, April 16, 2020 To some extent, the coronavirus is a budgeting force. Fewer people are driving, which...
An "estate" consists of all of the items a person owns. These can include cars, bank accounts, retirement accounts, furniture, real estate, and life insurance. An "estate plan" is the method in which the estate is passed on to the...
Lawyers Weekly June 22, 2020 Issue Where a divorced defendant was awarded a portion of a workers' compensation settlement received by the plaintiff husband, there was no error, as the settlement qualifies as a divisible marital asset under G.L.c....
Lawyers Weekly (June 29, 2020 Issue) "This Week's Decisions: Where a mother's parental rights with respect to two children were terminated, that order should be affirmed despite the mother's contention that (1) the trial judge...
