The Commonwealth of Massachusetts requires an attorney to supervise all real estate transactions to ensure that the funds are properly disbursed. If you are applying for a mortgage the mortgage attorney will need to be approved by the lender, or Mortgage Company, so choose one that is experienced and who can advise you throughout the process of buying a home, not just at the closing. When certain issues arise you do not want a delay or experience a derail of the transaction or even end up having it cost you more money. Read more
One sad but nearly inevitable fact of life is that our parents do become elderly and at some point may need assistance in managing their affairs. When they retire, hopefully they will have savings or a retirement plan, but many do not. If you or they decide that assisted living is necessary, you may wish to consult with an Elder Law lawyer about the issues this will present.
In any event, your elderly parents will still have bills to pay and you can help them out by following these 5 tips.
Whether you are buying a home for the first time or thinking of upgrading from a condo or town home to a larger single dwelling or downsizing to a smaller home or from a house to a condo, home buyers should be advised, or reminded, of at least 7 things before purchasing a home:
For seniors or low income individuals and families, there are federal and state programs to help with medical care and long-term health care. Medicaid is designed for long-term health care, called MassHealth in Massachusetts. Medical expenses can be considerable and cost thousands of dollars per month for nursing home care or in-home personal care assistants. Read more
There are numerous ways to leave your estate to your named beneficiaries. A Will is the most common, though if you have considerable assets, retirement plans, stocks, brokerage accounts, bank accounts, real estate or other property, you may not want your estate to be probated since it is time consuming and all public. Read more