Pets have become like family members. They give us that unconditional love that we often crave. Often they are the primary companion for those who do not have families. Increasingly people want to make sure that both their pets and family are taken care of after they are gone. A way to do that is…
Estate Planning
Do not Put Off Your Estate Plan (It Could Cost You and Your Loved Ones.)
How many times have you said to yourself, “I need to get my estate plan done.” Well you are not alone according to a recent survey on Estate Planning. Although most people agree that estate planning is very important, only about three out of ten people actually have an estate plan. A recent survey from…
Estate Planning Considerations for Women
In a shifting landscape where financial independence and individual choices take center stage, a growing number of older women are choosing to remain single. The phenomenon of women staying single, whether by choice or through circumstances like divorce or widowhood, is gaining momentum. According to a recent Washington Post article, women who more advanced in…
Do Not Forget About Trusts: A Comprehensive Guide to Including Trusts in Your Estate Plan
We often witness scenes in movies where families gather for the reading of a will, assuming it takes care of everything. While wills are common, trusts, legal arrangements granting individuals control over specific assets, offer a more robust solution for estate protection. This article explores the benefits of trusts, potential risks without one, and the…
An Introduction to Your Estate Plan: A New Year’s Resolution for Financial Security
As we step into a new year, it’s time to have those conversations that matter—conversations about your legacy and the well-being of your loved ones. Estate planning, often dismissed as a somber and complex task, is a vital aspect of securing your assets and safeguarding your family’s future. Surprisingly, a recent 2023 Caring.com survey…
It’s National Estate Planning Awareness Week
Dear Clients and Friends, At Amaral & Associates P.C., we are here to help with all of your family law needs. This week we are sending a reminder of the importance of Estate Planning. In fact, this week is National Estate Planning Awareness Week. It is the perfect time to account for any oversights or…
Why Adding a Living Trust to Your Existing Estate Plan is a Good Idea
Adding a living trust to your Massachusetts estate plan can be a good idea for several reasons, depending on your individual circumstances and goals. While I can provide some general information about why it may be beneficial, it’s important to consult with an attorney or estate planning professional to determine how a living trust fits…
MEDICARE TRUST OR IRREVOCABLE INCOME-ONLY TRUSTS (IIOT)
In Massachusetts, a Medicare trust is commonly referred to as a Medicaid trust or an irrevocable income-only trust (IIOT). This type of trust is designed to help individuals protect their assets while still qualifying for Medicaid benefits, which can help cover long-term care costs. By transferring assets, such as real estate, into an irrevocable trust,…
The Family Law and Estate Planning Center
Many times, family issues can cross over into different disciplines, including law, finances, estate planning and support issues such as child support, alimony, and visitation. Some of these challenges include children and parents dealing with the psychological effects of divorce or adjusting to new family members in a new home after a remarriage. We understand…
Estate Planning and Divorce
Are you considering a divorce or have you recently gotten divorced? If you have been wondering what an Estate Plan is and whether you should have one, especially during the challenging time of divorce, the answer is yes. Here are some articles from the estate planning and divorce attorneys at Amaral & Associates…
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