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The Surprising Rewards of Caregiving

Estate Planning - CGRewards.jpgAs November came to a close, so did Caregiver Awareness Month - but we believe caregivers should be recognized every day! In previous blogs last month, we've taken a look at the number of Americans giving unpaid eldercare and the challenges they face. Though these hurdles are very real and often hard to overcome, caregiving can also be quite rewarding. It might just be the satisfaction of knowing your loved one is cared for with dignity. Or maybe it is the opportunity to "give back" to one who has spent your early years caring for you. Perhaps you just feel it is the "right thing to do" or feel you have no alternative. The things that motivate caregivers are as diverse as our population. In the following article, Care.com uncovers what they call: 10 Surprising Rewards of Caregiving. CLICK HERE to read more and let us know which of these rewards resonate with you.

Do You Know How a Trust is Taxed?

Estate-Taxes.jpgIf you're not an Estate Planning Attorney or a tax specialist, you may not know the ins and outs of how trusts are taxed. It's an important consideration in Estate Planning, and another of many good reasons to have an expert in your corner. This insightful blog breaks down the differences between "grantor trusts" and "nongrantor" trusts and the way they are taxed. Click Here for the basics

CAREGIVER AWARNESS MONTH SPOTLIGHT II: CAREGIVER STRAIN

estate planning eldercare2.jpgWhile a significant part of Estate Planning is preparing for what your needs may be as you age or if you get sick, many of us fail to consider what the implications will be if one of our loved ones eventually need care. Alongside family strain and fatigue, often comes unexpected, and therefore unplanned for, financial, career, and emotional ramifications.

Being Thankful and Sharing Your Blessings

Estate Planning_thankful.jpgAmericans the nation over celebrated Thanksgiving last week, counting their blessings. It's a time for sharing stories and meals, and family traditions. In his "Being Thankful and Sharing Your Blessings" blog, our American Academy of Estate Planning Attorneys colleague, Steve Hartnett, looks at ways to share your financial blessings as well - without a big tax bill. CLICK HERE for the skinny.

Caregiver Awareness Month Spotlight: Unpaid Eldercare

eldercare photo.jpegNovember is Caregiver awareness month here in the United States. In today's blog we're focusing on unpaid, or informal eldercare - unpaid caregivers (be they spouses, children, partners, neighbors or others) who provide assistance to elders with activities of daily living. This assistance can range from routine tasks such as meal preparation, assistance with shopping or medical appointment setting and transportation - to bathing, dressing and feeding. As you will see, there is a whole lot of responsibility being shouldered by millions.

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.

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American academy of estate planning attorneys since 1993
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