Planning for Life

5 Estate Planning Tips for the Non-Nuclear Family

Posted by Harry S. Margolis on January 6, 2015

By Harry S. Margolis

Do you have a Leave It to Beaver family -- two opposite-gender parents, one or more kids, all healthy and thriving? If so, you can probably use an pretty standard, off-the-shelf estate plan. But if not, it's not as simple and you have a lot of company.

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Topics: Estate Planning, second marriage

Should You Use a Lawyer or LegalZoom for Your Estate Plan?

Posted by Harry S. Margolis on August 20, 2014

While the goals of attorneys and their clients are supposed to be aligned, often they are not, or at least not completely. I've been thinking about what this means in the field of estate planning and how we can better serve our clients.To lay the groundwork, here are the premises I'm working with:

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Topics: long-term care planning, second marriage, Estate Planning

Wisconsin Court Permits Challenge to Marriage Based on Incapacity

Posted by Harry S. Margolis on October 8, 2013

By Harry S. Margolis

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Topics: Estate Planning, second marriage, probate, incapacity

All Older Marriages Need Prenuptial Agreements

Posted by Harry S. Margolis on October 27, 2012

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By Harry S. Margolis

For a long list of reasons, we recommend to all seniors contemplating marriage that they enter into a prenuptial agreement. Such agreements don't just govern what would happen to their property and income in the event of divorce, but also who is responsible for various living expenses, including maintenance of insurance and what will happen to each spouse's property upon death.

While men and women getting married at a younger age often have little or no assets to begin with and create an estate and family together, older newlyweds are more likely bring with them both children and property accumulated over a lifetime of work -- often with a predeceased spouse. Without planning, assets can easily end up paying for a new spouse's long-term care or pass to the family of the surviving spouse, rather than to the children and grandchildren of the first spouse to pass away.

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Topics: MassHealth, second marriage, long-term care planning, Estate Planning

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