Dear Clients, Colleagues, and Friends: We are pleased to report that yesterday, the Commonwealth of Massachusetts passed a law increasing the estate tax exemption from $1 million to $2 million. This is the first increase in the exemption since...
Business partnerships may be long-term or short-term. The successful ones include owners who have a solid understanding of each partner’s strengths, trusting their decisions and market knowledge. However, in some instances, one of the partners chooses to leave...
As the financial climate continues to shift, it can be challenging to figure out how you can continue to make ends meet. You also want to enjoy the years after your retirement. You may hear some people talking about a reverse mortgage to support...
Your concerns regarding your adult children’s inability to handle money and poor spending habits have gone on for years. It has become a major point of contention as you create your estate plan. You want to protect those assets you leave for your children,...
New Year’s resolutions are an annual rite for many. Often these will include financial goals on being smarter about money. For many, this involves budgets and saving money, but it can also include creating or updating an estate plan. The death of any...
New business partnerships often start with a sense of optimism about the future. As time passes, however, partnerships can break apart, and a partner may leave. This can damage the company, perhaps irreparably, leaving the remaining partners in financial...
Parents with blended families face some specific challenges when they create or update their estate plans. Since they are often older, there is a higher likelihood that one or both spouses have certain assets that explicitly need to go to one set of children,...
Estate planning provides peace of mind knowing that an individual or couple can legally protect some assets from future creditors. To be sure, transferring an asset without getting something of similar value in return could lead to legal problems. In certain...
The employee handbook remains an important tool for businesses to define their policies and procedures. It’s a way to protect the company and minimize the risk of potential lawsuits. Along with business objectives, the handbook also addresses expectations that...
Employers have the right to make their own personnel decisions. However, it seems that every business will have to deal with former employees who claim that they were wrongfully terminated. Even in “at-will” states, employers are prohibited from terminating...
