Many clients fail to plan because they are under the assumption that estate planning is only for the wealthy. If you have any assets or any children, you have a need to plan. Estate planning is used to protect individuals and their loved ones of all ages and at all stages of life.
Here are some Scary Reasons we’ve heard about why an individual does not have an Estate Plan:
1. "I am single." Did you know that by not having a will you allow Massachusetts's intestacy statute to dictate where your things go after you are gone? And without documents, in case of your incapacity, you do not get to designate who will make decisions – financial or medical – for you. An estate plan can do all of these things and more.
2. "I am young and will live a long time yet." While this may be the case, we unfortunately never know when or if we will become incapacitated by a random accident or a sudden illness. You should plan and ensure your loved ones can help you in the best way possible as well as ensuring they are taken care of.
3. "I’m afraid that if I plan for it, I will die or become incapacitated." We hate to be the bearer of bad news, but this can happen even if you do not plan. Wouldn’t you rather make sure you have a plan in place to cover your needs and those of your family members? Wouldn't this give you peace of mind?
4. "My children are too young to inherit anything." This is a twofold problem. You need to have a mechanism in place that allows your children to inherit should you pass away that provides for your children in the way you design, not dictated by guardianship laws and court processes. Also, through planning you can designate who will be the guardian of your minor children and name who will make financial decisions until you determine your children are old enough to receive their inheritance outright. Why leave it all to the courts?
5. I am not wealthy so I do not need an “estate plan.” No matter how large of an estate you have, you still should have an estate plan. Estate Planning is the ability to control your assets during your lifetime, to plan for how your assets and your health will be used (and by whom) for your benefit during incapacity, and to determine to whom, how and when your assets will be transferred to your loved ones at your death. And that is something EVERYONE needs.
Contact our office today to discuss what estate planning is and how you can benefit and get peace of mind from the estate planning process. Happy Halloween from the attorneys and staff at Surprenant & Beneski, P.C.
Christmas is right around the corner and if you are like me, you hate Christmas shopping. I do like on-line shopping because of the convenience. What I don't like is the unknown of what is going to happen to my package once it arrives at my doorstep. I work a lot of hours so I cannot guarantee that I will be home to receive my package. It worries me because it seems like every Christmas we hear of some "Grinch" stealing packages right off of porches in broad daylight! So I was pleased to find the Ring company that makes doorbells that you can see and talk to whomever is on the other side of your door on your smartphone while you are not at home! So a delivery person can press your "Ring" doorbell and it rings onto your smartphone and you can see them, talk with them instruct and them where to leave the package! Best part is it does not have to be hard wired by an electrician Cost is around $199 (battery operated) and $249 (hardwired). With it you get video, motion detector, WiFi connection, lifetime purchase protection, night vision, two-way audio and is compatible with iOS, Android and Windows 10. Also available at an additional cost, you can purchase a weather resistant wire-free stick up security camera, solar panel for the camera, cloud video recording and a solar security signs. For more information, please visit them on the web by clicking here!
It was announced recently that over 65 million Americans will receive a 0.3 percent increase in their monthly Social Security and Supplemental Security Income benefits in 2017. This measly increase will put many seniors on fixed incomes in a difficult position to cover the higher prices of goods and services in today's economy. Though the increase is still an improvement from this year, when the lack of inflation kept benefits from increasing at all.
A bigger issue is that Medicaid Part B premiums have been climbing as healthcare costs soar. For many people enrolled Medicare their premiums will not increase much, but for those seniors with higher incomes, making more than $85,000 per person or $170,000 per couple, could face a big hike in Medicare premium costs next year.
If you're a senior looking to preserve your hard-earned savings. Call our office today and see how we can help.
In a shallow bowl, mix 1/2 cup flour, salt and pepper. Add chicken, one piece at a time, and toss to coat; shake off excess. In a 6-qt. stockpot, heat oil over medium-high heat. Brown chicken in batches on all sides; remove from pan.
Add onion, carrots and celery to same pan; cook and stir 6-8 minutes or until onion is tender. Add garlic; cook and stir 1 minute longer. Stir in 1/4 cup flour until blended. Gradually add stock, stirring constantly. Stir in wine, sugar, bay leaves and peppercorns. Return chicken to pan; bring to a boil. Reduce heat; simmer, covered, 20-25 minutes or until chicken juices run clear.
Meanwhile, in a bowl, whisk flour, baking powder and salt. In another bowl, whisk milk and melted butter until blended. Add to flour mixture; stir just until moistened (do not overmix). Drop by rounded tablespoons onto a parchment paper-lined baking sheet; set aside.
Remove chicken from stockpot; cool slightly. Discard bay leaves and skim fat from soup. Remove skin and bones from chicken and discard. Using two forks, coarsely shred meat into 1- to 1-1/2-in. pieces; return to soup. Cook, covered, on high until mixture reaches a simmer.
Drop dumplings on top of simmering soup, a few at a time. Reduce heat to low; cook, covered, 15-18 minutes or until a toothpick inserted in center of dumplings comes out clean (do not lift cover while simmering). Gently stir in cream, parsley and thyme.
I admit it: I love shopping. I wish retail therapy (aka shopping) was covered under my health insurance! One of my favorite places to shop is Wareham Crossing in Wareham, Massachusetts. Wareham Crossing is like an outdoor mall that meets Downtown New Bedford of yesterday! With the amount and diversity of stores I can do all my shopping without being overwhelmed. After shopping, there is always plenty of places to eat as well. So before you bypass Wareham for the Cape, make sure to stop in Wareham Crossing and you will be pleasantly surprised. For more info on Wareham Crossing you can visit them on the web by clicking here. Also, be sure to follow them on Facebook for upcoming family friendly events and sales by clicking here!
Here is a list of and eateries that you can find at Wareham Crossing:
Tucked away in a quiet residential neighborhood of New Bedford is a little gem of a business called Brewer Banner. Recently, I needed a new American flag for our office so I went there. Although, it is small inside, they have every type of flag imaginable from American flags, state flags, team flags, business flags, international flags, buntings and even seasonal flags for the home. What you can't find in stock they will order for you. They even make custom flags! I think the best part of this it is a local small business and not some big box store. So next time you need a flag for your home or business, please give Brewer Banner a visit!
You can reach Brewer Banner by visiting them at 77 Forest Street in New Bedford. Their phone is (508) 996-6006, and you can also follow them on Facebook by clicking here or going on to their website by clicking here!