In today’s video, we’re going to talk about the five living will mistakes you’ll want to avoid. I’m Paul Bernstein of the Bernstein Law Group. And when clients come in to talk to us about their estate plans, one document that frequently gets discussed is something known as a living will. 1. Often confused with the last will The first mistake regarding this particular document…
5 Surprising Things You Don’t Want to Include in Your Will
I’m attorney Paul Bernstein of the Bernstein law group. And today, I’m going to cover five things you just don’t want to put in your will. 1. Burial wishes The first item you do not want to include in your will would be your burial or funeral wishes. If you do, your family may not find out about your wishes until after the funeral and…
3 Terrible Decisions You May Have Made About Your Child’s Inheritance
Subscribe to our YouTube page so you do not miss any important video messages: https://www.youtube.com/channel/UCyuYvPuuGHD7ggPmDu6K6sg Too much money at once One terrible decision is giving the inheritance to the children in such a way that they receive an infusion of money they’re just not prepared for. What many clients don’t realize is that once the client passes away, the child will often get more cash,…
Wait! I Can Give My Child More Than $15,000? Massachusetts estate planning answers
Subscribe to our YouTube page so you do not miss any important video messages: https://www.youtube.com/channel/UCyuYvPuuGHD7ggPmDu6K6sg I’m attorney Paul Bernstein of the Bernstein Law Group. Clients frequently tell us, we understand that we can give away up to $15,000 to each of our kids, but after that, there’d be a tax, and we can’t give anything more. That’s actually incorrect, at least for most people. Questions…
Third-Party Supplemental Needs Trusts
If you want to provide for a loved one who is disabled or has special needs when you are no longer here, care must be taken to ensure that the inheritance you leave will help rather than harm your loved one. An inheritance received outright could negatively impact your loved one if he or she is currently receiving government aid or benefits or will need…
Is Your Estate Plan Incapacity Proof?
For most people, it is perfectly natural to think about estate planning only in terms of planning for death. While planning for your death is very important, if that is all you plan for, your planning can quickly become woefully inadequate. As medical knowledge and technology have improved over the decades, so too has modern medicine’s ability to keep people alive for much longer. It…
Is Your Client’s Estate Plan Incapacity Proof?
For most people, it is perfectly natural to think about estate planning only in terms of planning for death. While it is certainly important for clients to make a plan for their eventual death, if that is all they plan for, their planning will be woefully inadequate. As medical knowledge and technology have improved over the decades, so too has modern medicine’s ability to keep…
A Tale of Two Celebrities: Chadwick Boseman and Eddie Van Halen
The death of an iconic figure can sometimes impact us deeply because it reminds us of our shared humanity. With a celebrity’s passing, we realize that death is an equalizer. It also reminds us of the importance of estate planning to protect a person’s money and property. Estate planning is not reserved for those with large amounts of wealth or larger-than-life personalities. Life’s difficulties challenge…
Getting Ready for 2021
This year is quickly coming to a close. For many of us, December 31 cannot come soon enough, as 2020 has been anything but a walk in the park. The first quarter of 2020 brought a worldwide pandemic. Not only did this raise concerns about everyone’s health and safety, but it also fundamentally changed the way we all live. Many people found themselves either working…
Estate Planning Strategies to Protect Your Spouse
You have searched for and found the love of your life, maybe your first love, or maybe after a previous marriage. As you have built your life together, you have probably weathered your fair share of storms and grown stronger because of them. To prepare for the future and the possibility of no longer being around for your spouse, it is important that you plan…