Elder Law Attorneys Serving Newburyport And The Surrounding Communities
There is an overlap between general estate planning and elder law. Elder law focuses on the special issues and concerns of the elder client. In addition to planning for incapacity and for the orderly and tax-efficient disposition of an elderly client’s assets, elder law includes long-term care planning and planning for the protection of the home and other assets. The attorneys at Connolly & Connolly are experienced in preparing Medicaid trusts and advising clients regarding the Medicaid regulations.
Estate planning is a large umbrella category that encompasses a full range of considerations along life’s continuum, from the young couple with a minor child to the elderly client who is contemplating long-term care needs. The attorneys at Connolly & Connolly will work closely with you to create an estate plan that is specifically designed and tailored to meet your personal needs and objectives.
Powers Of Attorney And Health Care Proxies
Have you considered what would happen in the event of physical or mental incapacity? Who would have the legal authority to write checks, pay bills or make health care decisions? With a durable power of attorney and health care proxy, you may appoint someone you know and trust to make legal, financial and health care decisions for you, in the event of your incapacity. You may make your wishes known regarding life support and end-of-life treatments, as well as your preferences regarding burial, cremation, and funeral and memorial services, by executing a written declaration of intent. These simple documents ensure that your wishes are known and followed. If you do not select someone of your choice to act for you in the event of your incapacity, a court may have to make that decision for you by appointing a guardian or conservator.
Estate Tax Planning With Marital And Credit Shelter Trusts
For larger estates that exceed either the state or federal taxable threshold, more complex trusts that incorporate marital trusts and credit shelter trusts are designed to minimize or eliminate estate taxes.
Call Connolly & Connolly To Start Planning For Your Future Today
To reach out to an elder law attorney with the knowledge and experience to develop a plan that is right for you, contact Connolly & Connolly by calling 978-961-0047 or by filling out our online contact form.