Many people are aware that seniors are entitled to collect Social Security benefits that are calculated based on their spouse’s work record. What’s less well-known is that this benefit applies in many cases to divorced spouses. In fact, ex-spouses may even be entitled to survivors benefits in certain circumstances. [Read more…]
Planning Your Estate After a Divorce
If you have just gone through the emotional and financial upheaval of a divorce, the last thing on your mind is contacting an attorney to make changes to your estate plan. Yet, it is essential that you review and update your estate documents to reflect this major life change. During the divorce process, you likely dealt with property division, and possibly child custody and spousal support. Your estate plan should reflect changes. Otherwise, your assets could be distributed in ways you neither expected nor intended. [Read more…]
What The Thomas Kinkade Estate Teaches MA Residents About Marriage, Divorce, and Estate Planning
Thomas Kinkade, the “Painter of Light,” is best known for his works of beautiful cottages, villages and churches – paintings of idyllic country life. In April of this year Kinkade died of an accidental overdose of alcohol and valium. The Kinkade estate battle that has transpired since then has not been beautiful country life. [Read more…]
Major Life Events Provide an Opportunity for your Estate Plan Review
Last night I spoke at the Lutheran Health Care Center in Worcester. One attendee asked, “How often should I review my current estate plan?” It is very important to review your family’s financial and estate plan at least every 3-5 years. The general rule is that the older you are, the more frequent your reviews should be. [Read more…]
