Asset Protection Planning – When Is It Right For You?

Whether you are creating your first estate plan to protect your young family, or you are thinking about retiring and need to review your existing plan, you may need to incorporate asset protection into your estate planning. Asset protection planning allows you to take measures to protect your assets from the most common risks that many people experience. Keep reading to discover the different risks to your assets Read More

5 Things a Will Can’t Do

When people think about how to prepare for their death, their first thought is often to create a Will. While having a Will is enough for some people, having just a Will is often not sufficient enough to accomplish the goals that you may have for the future of your family. Understanding the things that a Will cannot do for you and your family will help you understand your options and what kind of estate plan is right Read More

Naming a Guardian? Avoid These 6 Common Mistakes

Who you name as a guardian for your minor child is one of the most important decisions you will make when you are creating your estate plan. After all, you don’t want just anyone taking care of your child if you die or become incapacitated. You want the people whom you know, love and trust to be there to care for your children should the unthinkable happen. While it is easy to fall into “it-won’t-happen-to-me” Read More

A Brief Overview of Powers of Attorney

None of us like to think about the possibility that one day we may be incapacitated or no longer able to care for ourselves. In Massachusetts, there is something called a Durable Power of Attorney (POA) which allows another person or entity (that you designate) to act on your behalf. This individual/entity is your “Attorney-in-fact” or “Agent.” You are entrusting them with the power to make crucial life decisions if Read More

Welcome to Our New Site!

We are so happy you are here. At The Parents Estate Planning Law Firm,PC, our name says it all: we are experts at planning for the future of families with children. David Feakes started the firm when he and his wife, Paula, were going through exactly what you are going through: facing the fear of the unknown when it came to their kids, and how they could protect them if the unthinkable were to happen. Please take Read More

Data Breach: Protecting Your Digital Assets

Last week, Facebook experienced the largest data breach in its history, exposing the data of it's 50 million users. While tech experts and pundits debate legal action and regulatory policy, those of us who use the platform daily to connect us to our friends and family (and increasingly, other third-party apps and websites via the platform's Single Sign On feature,) are left wondering what we can do to protect our Read More

As Your Kids Become “Adults,” Make Sure They Sign These Documents

With high school graduation coming up, many parents have and will soon watch their children become adults (at least in the eyes of the law) and leave home to pursue their education and career goals. Turning 18, graduating high school, and moving out is a huge accomplishment. And  it also comes with some serious responsibilities that probably aren’t at the forefront of their (or your) mind right now. Once your Read More

Good Estate Planning Helped Create the Ten Richest Families in America

Self-made millionaires are not uncommon in the dotcom era, but their fortunes pale in comparison to those of the ten richest families in America. These families weren’t overnight successes, but their fortunes have stood the test of time and are the result of strong family ties and very smart estate planning. 1.Walton ($130 billion) One of the richest families in the U.S. and the world, the Walton family enterprise Read More

Why I Do What I Do

This fall, I celebrated the 10th anniversary of my law firm.  At the ribbon-cutting to celebrate our achievement, I mentioned a story I wrote several years ago, as part of a coaching group exercise, titled "Why I Do What I Do."  The story is even more meaningful to me today, in part because I have niched my practice down (from litigation, business planning and real estate to almost exclusively estate planning - Read More