Life Becomes More Complicated, a column authored by Attorney Michael Hooker is a wealth of information. He covers everything from living wills to nursing home costs. We are happy to provide copies of his articles here.

 

Powers of Attorney (financial delegation of authority to be used while you are alive) are often more important than a Will. Always name an alternate agent on your Will, Health Care Proxy and Power of Attorney. Some brokerage firms require their own Power of Attorney, for example Merrill Lynch and Fidelity. Revocable Trusts don’t protect assets if nursing home placement occurs. Irrevocable Trusts might, but they are more complicated, expensive, and subject to Medicaid (aka Masshealth) scrutiny years down the road when seeking eligibility.

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21st Century Estate Planning

Have you ever thought to yourself “I need to do a Will, but really don’t feel like it”? You finally take action after the death of someone in your circle or a calamitous event such as the tragic motorcycle crash in northern New Hampshire recently where 7 bikers died.

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--- Conz Street Chronicle February 2021

I have had clients call me saying “I was just at the bank with my deceased mother’s Will. I am the named Personal Representative. But they won’t give me the money in my mother’s account. They said I need to go to court.”. Exactly. A Will is essentially a nominating document. It has to be “allowed” by a judge.

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