Planning for Life

This Isn’t What My Stepfather Would Have Wanted

Posted by Kerry Reilly on March 21, 2019

By Kerry Reilly

losing-home-because-of-no-will-margolis-and-bloom-call-nowWith the growth of blended families, having an estate plan in place becomes even more important.  On February 7, 2019, The Boston Globe published an article entitled “A patriarch leaves no will and the home he meant for his Cambridge family may be lost,” which illustrates in heartbreaking detail what happens when we don’t have the right plan in place.

Read More

Topics: Estate Planning, will in massachusetts, health care proxy

What Happens in Massachusetts if You Don't have a Health Care Proxy?

Posted by Harry S. Margolis on March 12, 2019

By Harry S. Margolis

Margolis-and-Bloom-Wellesley-Health-Care-Proxy

As long as we are 18 or over and have our wits together, we all have the right to make our own health care decisions. But what happens when we become incapacitated, whether temporarily or permanently, and cannot make such decisions?

Then, legally, only a court-appointed guardian or an agent under a health care proxy can make decisions for us. In an emergency, medical providers can take measures to keep us alive, but once the emergency has passed no one has the right to step in and make decisions in the absence of a health care proxy or guardianship appointment.

 

Read More

Topics: health-care decision making, health care proxy

If You Live Part of the Year Out-of-State, Do You Need Estate Planning Documents for that State Too?

Posted by Harry S. Margolis on September 4, 2018

By Harry S. Margolis

 Screen Shot 2018-09-04 at 12.03.45 PM

If you spend the summer in New Hampshire, or somewhere else cool, or the winter in Florida, or somewhere else warm, do you need separate estate planning documents for each state?

Legally, no. Practically, perhaps.

Read More

Topics: durable power of attorney, will, health care proxy

Why Would Anyone Do Estate Planning? A Lot of Bang for the Buck

Posted by Harry S. Margolis on July 24, 2018

By Harry S. Margolis

Screen Shot 2018-07-24 at 12.43.15 PM

Why would anyone want to partake in estate planning? It takes time. You have to deal with lawyers. And to talk about your death or disability. It may bring up contentious issues with a spouse or children. It's not urgent, since nothing is likely to happen to you tomorrow, or even in the next few years. It costs money.

So, why should you take time out of your busy life to commit to estate planning? The answer is that there are few other simple steps you can take that will could have as great an impact on your family's welfare. The cost-benefit trade off is tremendous.

Read More

Topics: durable power of attorney, will, HIPAA release, health care proxy, revocable trust

Subscribe to New Blog Posts

Recent Posts

Most Popular Posts

Posts by Topic

see all