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Latest Blog Posts

How do I protect my children's inheritances?

Posted on: June 22nd, 2016
The best way to protect your children's inheritances is by setting up a Revocable Living Trust and having your children receive their inheritance within a sub-trust of your Revocable Trust....

What is a Financial Durable Power of Attorney vs. Health Care Power of Attorney

Posted on: September 10th, 2015
Power of Attorney is a legal document that allow you to give some one of your choice the power to act on your behalf. ...

Do I need a Will or Trust?

Posted on: August 10th, 2015
A Will is the legal document that allows you to distribute your property to those you choose. However, a Will has to go through Probate Court which can be very expensive and time consuming....

What are Estate Taxes?

Posted on: May 29th, 2015
The Personal Representative for a decedent that was domiciled in Massachusetts must file a Massachusetts Estate Tax Return if the gross value of the estate, including adjusted taxable gifts, exceeds $1,000,000. The applicable exclusion amount for Federal Estate Tax purposes is currently $5,430,000 in 2015. ...

Does Massachusetts Allow Husband and Wife to Have a Joint Will?

Posted on: March 11th, 2015
No, in Massachusetts you can not have a joint will with your spouse. You and your spouse each need to make separate wills regardless if you own all of your property jointly. ...

What is Probate and Should I Consider a Trust?

Posted on: March 11th, 2015
Probate is the legal process of transferring ownership of assets after ones death. Probate assets are such things like a bank account or a stock certificate. If a person dies owning probate assets, a legal proceeding in the Probate Court will be necessary to transfer these assets to the individuals names in the decedents will. This can be a very lengthy and expensive procedure....
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