Anyone caring for a special needs child knows how valuable it can be to have access to government benefits. As you plan for the long term needs of your child, preserving their eligibility for these services is essential to continuity of care. Just like your special needs child has an Individualized Education Plan for their schooling, they also need an individualized financial plan for their care after your death. So, what can you do? [Read more…]
For some people, keeping financial matters private, even after death, is a high priority. You can maintain your privacy by using a traditional Will with the proper provisions or by using a revocable trust.
Probate Court is the court that determines the validity of your Will and oversees distribution of your estate after death. In the process, your Will is filed with the Probate Court and becomes part of the public record. The Will and all other filings in the Probate Court are available to anyone who asks to see them. [Read more…]
Family is one of your most valuable assets. Transmission of wealth through your estate plan communicates many things to those you leave behind. It carries additional weight because it is your final statement. Through planning you communicate your interest in the ongoing lives of your loved ones.
Anticipating and avoiding conflict in estate planning is important. For some families the settling of an estate leads to estrangement or hard feelings between siblings and their descendants that can last for generations. Long submerged sibling rivalries can come to the surface after a parent’s death. Even in the best of families, children facing the death of their last surviving parent may become possessive, greedy and argumentative. [Read more…]