Planning for Life

Harry S. Margolis

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The Future of Law According to LegalZoom

Posted by Harry S. Margolis on April 26, 2016

By Harry S. Margolis

I recently heard Chas Rampenthal, the general counsel of LegalZoom, the legal forms site, speak at Suffolk University Law School on how the practice of law needs to be modernized and made more efficient, accessible and affordable. He joined many commentators, most notably Richard Susskind who wrote The End of Lawyers?, in describing the practice of law as being behind the times, lawyers crafting single solutions for individual clients, which by its nature is expensive and inefficient.

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Topics: Legal profession

The Caregiver's Path to Compassionate Decision Making

Posted by Harry S. Margolis on April 19, 2016

By Harry S. Margolis

Caring for others who are physically or mentally incapable of taking care of themselves is a daunting task. On top of the physical and emotional strain, making personal and health care decisions for another person in circumstances that you haven't discussed in advance compounds the burden.

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Topics: caregiving

At What Age Should You Do Long-Term Care Planning?

Posted by Harry S. Margolis on April 12, 2016

By Harry S. Margolis

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Topics: long-term care planning, long-term care insurance, MassHealth

Another Trust Bites the Dust, or Why You Should Review Your Plan Periodically

Posted by Harry S. Margolis on April 5, 2016

By Harry S. Margolis

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Topics: trusts, MassHealth planning, long-term care planning, MassHealth

The Crisis Facing America's Working Daughters

Posted by Harry S. Margolis on March 29, 2016

By Harry S. Margolis

In a recent article in The Atlantic, Liz O'Donnell, a Boston writer and family caregiver, describes the dilemma faced by many American women who, already stretched thin by working, caring for children, and doing more than their share of chores at home, then become the primary care providers and managers for their parents.

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Topics: caregiving, family caregiving

5 Rules You Need to Know About the Tax on Capital Gains

Posted by Harry S. Margolis on March 22, 2016

By Harry S. Margolis

There are many types of taxes out there: income, sales, real estate, estate, excise and capital gain. The tax you may be able to avoid or minimize most through planning is the tax on capital gains. Here's what you need to know to do such planning:

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Topics: income taxes, capital gains taxes

What is Probate and Should You Avoid It?

Posted by Harry S. Margolis on March 15, 2016

By Harry S. Margolis

Probate is the process through which after death your possessions are passed on to whichever individuals and charities you name in your will. If you don't have a will, your property passes under what are called the rules of "intestacy" which means that state law determines who gets what -- essentially your closest relatives.

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Topics: Estate Planning, will in massachusetts, probate, Probate Estate Administration

5 Things You Should Expect from Your Attorney

Posted by Harry S. Margolis on March 8, 2016

By Harry S. Margolis

Whether you are hiring an attorney for estate planning, a litigation matter, criminal defense or for a corporate negotiation, there are a number of attributes to the legal representation that you should be able to expect. While the list could be much longer, here are five:

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Topics: Legal profession, Estate Planning

10 Steps You Can Take to Avoid Elder Financial Abuse

Posted by Harry S. Margolis on March 1, 2016

By Harry S. Margolis

Seniors often become susceptible to financial abuse as the result of increased dependency due to illness, disability or cognitive impairments. They also often have a nest egg that they've accumulated over decades which can make them a target for predators, whether an offshore bogus sweepstakes or a care provider who sees an opportunity to be paid more than an hourly wage.

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Topics: Estate Planning, financial planning, elder law

Governor Baker Seeks to Expand Estate Recovery

Posted by Harry S. Margolis on February 23, 2016

By Harry S. Margolis

Governor Charles Baker's FY 2017 budget includes a proposal to expand MassHealth estate recovery to include non-probate property. Currently, MassHealth recoups its expenditures from the probate estates of individuals who received coverage of nursing home care or any other MassHealth benefits after age 55.

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Topics: MassHealth planning, MassHealth, Probate Estate Administration

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