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Online Estate Planning: When You Should, When You Shouldn’t and Where to Do It

As our community continues to struggle with the impact of the COVID-19 virus, one positive that has come to light is how much we can do virtually. From essential business functions to social gatherings with friends, many of us (including our firm!) have adapted and learned how to keep calm and carry on, online. As we stay safer at home and go about much of our lives on the internet, it can be tempting to think you Read More

Leaving a Legacy: A Map to Doing the Right Thing for the People You Love During the COVID-19 Pandemic

Right now, huge numbers of people are coming face-to-face with their own mortality, and realizing they need to plan for the worst, even as they hope for the best. This goes not just for those in the “senior” category, but for all of us, no matter our age. We are facing the reality of our mortality, and many of us are doing it courageously by learning and taking action on what we need to do for the people we Read More

The Most Important Legal and Financial Actions to Take Right Now

As you know, the COVID-19 pandemic means nothing is business as usual. Many states have implemented a “shelter-in-place” order to limit the spread of the disease. Those that haven’t will soon need to do the same. In this time of chaos and upheaval, it may feel too pessimistic to plan for the worst. But that’s exactly why it’s the most important time to plan.  If you are staying at home, you may even have some Read More

6 Reasons Why a Trust is Better Than a Will

A will is one of the most basic estate planning documents, and everyone should have one to make sure that there is no question about what would happen to your assets and kids if something happens to you.  But there are important reasons why having a trust in addition to a will is critical and make things so much easier for you and your family. Here are the top 6 reasons why a trust is better than a will: A Read More

Two Certainties in Life: Death and Taxes in Massachusetts

In a letter to a friend, Benjamin Franklin once wrote, “In this world nothing can be said to be certain, except death and taxes.” Though he said it in the 18th century, it remains true to this day. Today we’re discussing both death and taxes -- we’re delving into the taxes that are owed on your estate after you pass away. Let’s start with the happy part first. Can my assets avoid estate taxes when I Read More

How To Make Estate Planning The One Resolution You Keep In 2020

We make them with the best of intentions, New Year’s resolutions. At the end of the month up to 40% of us will resolve to accomplish something in 2020. Yet, not unsurprisingly, a mere 8% of us will actually keep those resolutions and succeed in our goals. Some of the most important resolutions we will set center on family and money. Though estate planning doesn’t typically come to mind when you think “resolution,” Read More

Our 2019 Family Gift Guide

Happy Holidays! I’m behind schedule this year. By now, I have usually finished my holiday shopping. This year, I have barely started. Having been burned in years past for having my shopping completed early, I am taking a new approach in 2019. In addition to celebrating both Hanukkah and Christmas, I have two daughters who have very different replies to “what would you like for a gift?" One daughter likes me Read More

An Introduction to the Legacy Interview

What if you could hear your loved one’s voice long after they’ve passed? What if it could be something more than a clip of conversation or laughter from an old home video? What if you could hear them speaking about their memories, their achievements, and their advice? Speaking directly to you? Unfortunately, this is something you won't get to experience with loved ones you’ve already lost, but imagine if you could Read More

Giving Thanks by Giving Back 2019

Each November - the traditional month of thanks-  the team at The Parents Estate Planning Law Firm, PC, is filled with gratitude for the successful year we have had together. At our firm, success includes being a good community member. We've aimed this year to connect with those around us every day, whether by educating parent groups, partnering with area businesses, or by guiding individuals families to protect Read More

National Estate Planning Awareness Week Oct 21-28, 2019: Planning for All Stages of Parenthood

Did you know that October 21-28 is “National Estate Planning Awareness Week?" Estate planning is an often overlooked area of personal financial management. By some estimates, 70% of American parents do not have an estate plan! Most mistakenly hear the word “estate” and assume “estate planning” is just for the Bill Gates, Elon Musks, or Warren Buffets of the world. Estate planning, however, is for Read More