Estate Planning Issues
Have you made plans in the event of your incapacity or death? Who will manage your financial affairs if your are incapacitated? Have you minimized your exposure to federal estate taxes? None of us like to think about these things. How can you protect your assets during your lifetime? Read More
Irrevocable Income Trusts Threatened By Recent Court Decision
Seniors and elder law attorneys received a bitter message from the Appeals Court of Massachusetts when it handed down its decision in Doherty v. Director of the Office of Medicaid on June 18, 2009. The main issue in the case is whether the corpus of an irrevocable income trust constitutes a countable asset that must be spent down before the beneficiary of the trust can receive MassHealth/Medicaid benefits. Further, decision rases serious questions about the viability of standard legal language estate planning attorneys had been using for years. More on Irrevocable Trusts
The power of attorney is an essential part of any estate plan. However, a power of attorney presets certain risks, and recently Massachusetts adopted the Uniform Probage Code, thereby altering the law with respect to power of attorney. More on Power of Attorney
Congress made major and unexpected changes to the tax laws in 2010 that are having a significant impact on the estate planning needs of many. If you have an existing estate plan, or of you intend to create an estate plan in the near future, you should contact an attorney as soon as possible to analyze how changes in the law will affect your estate planning needs. More on The Tax Relief Act of 2010Bankruptcy Issues
Bankruptcy BasicsWill Your Student Loans be Discharged Under Chapter 7?
What is the difference between Chapter 7 and Chapter 13?
Also, not every consumer qualifies to file under Chapter 7. Your attorney can help you determine whether you qualify by completing an analysis called the means test. More about Chapter 7 and Chapter 13
Links
Boston Bankruptcy InfoEstate Planning Boston
The Social Law Library
Massachusetts Trial Court Libraries
Tufts University
Northeastern University School of Law
Chapter 7 Bankruptcy Video
Justia
Martindale
Manta