When Your Children Step In: What a New Massachusetts Case Tells Us About Gifting and Incapacity
Two adult sons moved more than $5.5 million from their elderly mother’s assets to themselves using a durable power of attorney. A Massachusetts court just held that the gifts were authorized. The harder question is the one their mother never got to answer in writing.
Want to Give the Kids an Early Inheritance? 4 Things to Consider
If you’re thinking about giving your children their inheritance early, you’re not alone. A recent Merrill Lynch study suggests that these days, nearly two-thirds of people over the age of 50 would rather pass their assets to the children early than make them wait until the will is read. It can be especially satisfying to fund […]