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Solutions Law Group LLC Blog

Did You Know You Could Name Your Trust as the Beneficiary of Your IRA?

estate Planning_IRA_TRUST.jpgThough you cannot transfer IRAs into a trust as you can with other assets, you can name a trust as a beneficiary. There are good reasons to do so, but certain guidelines must be followed. Our American Academy of Estate Planning Attorneys Colleague, Steve Hartnett, breaks down the basics HERE.

Failure to Have Certain Conversations During Life Takes a Toll on Grieving Loved Ones When You Pass

Estate Planning_Leslie Milk photo.jpgAuthor Leslie Milk and her late husband thought they shared everything, but there were conversations they never had that made Mr. Milk's passsing even more difficult and exacerbated her grief. Mrs. Milk shares her story about the unexpected fallout after her husband's death in this insightful article from the AARP. Click HERE for the full story.

Disaster Preparedness for Seniors

seniors disaster prep.jpgWhile autumn is in the air and you can feel the seasons starting to change here in Massachusetts, parts of the country are still experiencing devastating flooding and the after effects of Hurricane Michael. Mexico Beach, Florida was nearly flattened by Michael's fury. The death toll stands at 36 today, and 37 people perished in Hurricane Florence just last month. The Atlantic Hurricane season runs through November. So, just because autumn has arrived in the Bay State, that doesn't mean we are out of the woods. Just six years ago, the second costliest hurricane in history, Hurricane Sandy, hit in late October. Winter snow storms and potential power outages are also just around the corner! It's always good to be prepared; and seniors need to have a plan ready as much as, perhaps even more than, the rest of us.

Aretha Franklin Died Intestate - Implications for her Family, & How to Make Sure it Doesn't Happen to You

Aretha Franklin.jpgAretha Franklin passed on August 13, 2018 - intestate. That means she had no will or trust and a judge will be deciding how her estate is distributed in public probate proceedings. This will have many implications for her family. Our American Academy of Estate Planning attorneys Colleague, Steve Harnett takes a look at some of them in this blog.

Single with No Children? Tips for Aging Solo

Estate Planning - solo senior.jpgMany elders rely on their children, grandchildren, nieces, or nephews to care for them, but for those without family - or whose families predecease them - that is not an option. This set of seniors is a growing population. Often these folks are called "Elder orphans" or "solo-agers" on the internet and in the media. Whatever the moniker, this stage of life presents the same challenges - and some unique ones - for those facing their golden years on their own. Thankfully there are some splendid estate planning techniques and terrific technological ideas out there to help.

Estate Planning is Not Just for Your Parents or Grandparents, it's for You, Too!

Estate-Planning-Young person.jpgEstate Planning isn't just for the old and gray, it's for anyone who owns anything and cares what happens to it. Maybe you don't own a home, or have other major assets, but you have a life insurance plan from your employer. Maybe you have none of those things but still need to legally designate who makes healthcare decisions when you cannot - you still need a plan, or the government makes one for you. Our American Academy of Estate Planning Attorneys colleague, Steve Hartnett breaks it all down in this blog. CONTINUE READING

Special Accounts for People with Special Needs

Special-Needs_Photo.jpgIn the last blog we shared from our American Academy of Estate Planning Attorneys colleague, Attorney Steve Hartnett, we looked at 529 accounts. Here, he discusses 529A accounts. Like 529 accounts, the 529A is meant to be used for educational opportunities. The difference is that the 529A was created under the The Achieving a Better Life Experience or "ABLE" Act, and is specifically for people who became disabled prior to the age of 26 years old. CLick here to learn more.

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