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Important Graduation Safety Reminder for your 2014 Graduates

Do you have a child 18+ years of age?
What happens if he/she is injured in a car accident?

Did you know that once your child/grandchild turns 18:

  • You no longer have access to his/her medical records
  • You no longer can call a hospital and see if he/she is admitted after an accident
  • You no longer can make health care decisions for him/her, should they become injured or incapacitated
  • You no longer can call a doctor’s office and make an appointment for him/her
  • You no longer can help him/her with banking
  • You no longer have access to his/her grades, and you no longer can assist your child/grandchild concerning his/her problems they may be experiencing at school
  • You no longer can call the mail order prescription service to get him/her medication

What can you do? Read more.

An Introduction to High-Net Worth Estate Planning

Estate planning is an important concern for anyone who desires their affairs be handled according to their wishes after their death.  Planning for high-net worth individuals and families is complex and dependent upon the particular desires of the family.

High-net worth estate planning should be handled carefully, so that your estate, which you’ve worked hard to build, is properly handled and the future of your legacy is secure. Read more.

Estate Planning is for Everyone

A common planning misconception is that only those with vast assets need an estate plan. But, it is important to emphasize that estate planning is not just for the wealthy. For many, the word “estate” conjures up a Downton Abbey-like property and an overwhelming amount of zeros on your bank account balance, but estate planning is a must, regardless of your tax bracket. Read more.

Bitcoin and Estate Planning: Bequeathing Cryptocurrency

With the prevalence of Bitcoin as a form of digital currency, new considerations must be made when it comes to a variety of legal concerns. We recently looked at the repercussions of Bitcoin on divorce, but that is only the tip of the iceberg when it comes to the ways that Bitcoin is influencing how we must think about currency and transferring assets. Read more.

Learn about Bitcoin, Cryptocurrency and Divorce:
“Bitcoin Bitterness Starts to Make Messy Divorces Even Worse,” Hannah George, Bloomberg News (2018) (Jonathan Fields quoted) 
Cryptocurrency and Divorce: A Primer
IRS Notice 2014-21: Virtual Currency Guidance

How Estate Taxes May Impact your Life Insurance Policy

In the process of estate planning, there are many things to consider. An estate planning attorney can be essential to formulating a sound plan that is best tailored to your individual situation and long-term legacy.

Life insurance is a staple of many estate plans, but there is one factor that is often overlooked when people start thinking about life insurance and estate planning: taxes. While life insurance policies can be passed on free of income tax for the beneficiary, the same can not always be said about estate tax. Read more.

Mediation for Families

Mediation is a tool that can be invaluable to families. At Fields and Dennis, we are well-versed in all aspects of Family Law, and we often turn to mediation as an agreeable and less distressing means to an end.  There are many ways that mediation can benefit families at various stages of life. From divorce to estate planning and everything in between, mediation can be an indispensable tool to quell interfamilial tensions and disputes.

If this were a game of Family Feud (Instances a family may call upon a mediator…) ‘divorce’ and ‘estate planning’ may very well be the top two answers on the board, but there are a variety of times when the services of a mediator may benefit a family unit. Read More.

Long-Term Care Premium Deductibility Limits Increase in 2014

While the importance of healthcare is a topic that is often discussed, many people fail to take long-term care insurance into consideration.  Yet, long-term care insurance can be just as essential to your financial plan as any other preparation done for retirement.  While no one wants to consider that they or their loved ones may need long-term care, it is a reality that is faced by many who have entered retirement with all of their bases covered – except for one. There are many reasons why discussions of long-term care coverage are often avoided.  Long-termcare insurance can be pricey and is often thought an unnecessary financial expense, yet it may save you money and provide priceless piece of mind. Read more.

Estate Planning Must-Haves for Parents of Children with Special Needs

A solid estate plan is vital when considering the future of your loved ones. After all, you want to ensure that they are protected and provided for even when you are no longer there to do it personally. A standard estate plan will cover the basics, including wills, trusts, power of attorney and health care proxy – but sometimes circumstances require additional estate planning considerations. One such circumstance is considering the care of a child or grandchild with special needs.  In these cases, the child may need care and support that surpasses financial concerns. If you are the parent, guardian or grandparent of a child with special needs then it is not only vital for you to have an estate plan, but that you also make additional provisions for the child’s future. In order to do this, there are three documents that will be integral to your estate plan. Read more.

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    The Boston metro family law, divorce and estate planning attorneys at the law firm of Fields and Dennis LLP are based in the Newton Wellesley area and serve the city of Newton: Auburndale, Chestnut Hill, Newton Centre, Newton Corner, Newton Upper Falls, Newton Lower Falls, Nonantum, Oak Hill, Waban and West Newton and town of Wellesley: Babson Park, Wellesley Hills, Wellesley Square Fields and Dennis also serves many clients in the Greater Boston and Massachusetts region including Ashland, Dover, Holliston, Medfield, Needham, Sherborn, Westwood, and all of Massachusetts. Attorney Jonathan Fields is a recognized authority on bitcoin and divorce

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