July 01, 2019 | Main Office
Family Medical Leave
Notice to Massachusetts EmployersThe Massachusetts Legislature and the Baker-Polito Administration have enacted legislation to delay the start of employer and employee contributions to the Paid Family and Medical Leave program (PFML) by three months to October 1, 2019.
June 21, 2019 | Main Office
Long Term Care – Are the Children Responsible?
In the 17th century English law required that children support their parents when they couldn't support themselves. There are 29 states in the U.S. that have filial responsibility laws making adult children liable for long term care debt of their parents. This can come up if the parents have gone through their savings, which can happen quickly when paying for long term care. The law is on the books but rarely enforced.
June 18, 2019 | Main Office
Massachusetts Paid Family Medical Leave
Paid Family and Medical Leave (PFML) in Massachusetts provides paid medical and family leave benefit that will be available to employees, covered, and self-employed persons. The law will be implemented in stages over the next couple of years, starting October 1st, 2019.
There has been a 3-month delay to the PFML program. This delay has moved important deadlines and contribution rates. Review www.mass.gov/news/notice-to-massachusetts-employers-about-pfml-delay to apprise yourself of these changes. Additionally, refer to www.mass.gov/orgs/department-of-family-and-medical-leave to acquaint yourself with and prepare for Paid Family and Medical Leave.
June 17, 2019 | Main Office
Divorce – The Unspoken Rules"If only I had known………" Divorce is hard, very hard. There are some quiet rules that if known upfront can make this very difficult process easier. The sooner you know these rules the better.
There is so much about divorce that just plain isn't fair. It's not fair that you are getting divorced in the first place or that your kids will suffer. It's not fair that you will end up with half or less of everything you own. The sooner you really understand that divorce isn't fair the sooner you will make better decisions.
June 11, 2019 | Main Office
Power of Attorney
Naming someone as durable power of attorney is one of the most important tools within your estate plan and must be done carefully. It allows someone to act on your behalf should you become incapacitated. Whomever you appoint as your "agent" or "attorney in fact" can make decisions for you or manage your finances. A power of attorney document should be tailored to your specific needs and situation. An attorney can help you consider and incorporate the various issues.
June 04, 2019
Passwords and Your Estate PlanTimes have changed and so must your estate plan. We used to get all our information in the mail. Now that we get so much of our account and policy information and updates online through email our tactics must change as well. No longer can our heirs or executors simply wait and receive what they need to determine the deceased's assets' whereabouts through the mail they must seek it out online. To do this, they need passwords.
April 30, 2019 | Main Office
Credit Terms and Your Small Business
Approximately 75% of young businesses get bank loans and business credit. The primary reason small businesses need loans is to grow their business by increasing their hiring, buying equipment and inventory, and other attendant expenses. Business credit determines whether your company can be trusted by the way it manages money. Knowing business credit terms is important to the running of small businesses. Your greater familiarity with these terms will help facilitate your getting loans.
April 25, 2019 | Main Office
Social Security and You
Social Security can be a very confusing topic. There are decisions to be made and facts and figures to sort out. It is also a bit of an emotional topic for some. In this article we will address some of the potential confusion and try to add some clarification.
Applying for Social Security
There are a few different ways in which you can apply for Social Security. You can apply in person at your local Social Security office, online at ssa.gov, or by calling 1-800-772-1213. You can start receiving payments at 62 and can apply at 61 years and 9 months for benefits. Your age of enrollment impacts how much you receive so careful consideration is important.
April 02, 2019 | Main Office
Tax-Deferred or Tax-Free?
People often get confused between tax-deferred and tax-free. They are not the same! You have to pay taxes on tax-deferred investments, but they are paid later. Tax-free investments are not taxable. The tax-deferred versus tax free question most often comes up around retirement accounts but impacts education and health savings accounts as well.
March 26, 2019 | Main Office
Maximize the Value of Your Home
Spring is here and it is a good time to focus on your home. Your home is a significant asset. Part of estate planning is to maximize the value of your home whether it's because you are going to downsize in the coming years or to take care of the estate that your heirs will inherit. Additionally, enjoy your home as much as possible while you are living there. There are many things you can do to boost your home's value...