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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....

What kind of assets do not go through Probate Court?

Posted on: February 24th, 2015
In general all the property that the deceased owned at the time of death will be part of the probate estate. However, there are some exceptions that do not go through probate....

Can I leave my son or daughter out of my Will or Trust?

Posted on: February 24th, 2015
Yes, it is possible to keep your daughter or son out of your estate planning documents, including a Will or Trust......

What is administration of my estate?

Posted on: February 10th, 2015
Administration of an estate, commonly known as Probate, involves the distribution of properties to the beneficiaries or heirs, the collection of assets, and payment of liabilities. It is conducted under some degree of probate court authority and supervision but there are also different procedures that are available....

What does it mean to "fund" your Trust?

Posted on: February 10th, 2015
To fund a trust is an essential step in setting up your Trust. To fund a trust simply means that you need to transfer your assets into the name of your trust. In order to do this, you must ensure that you title in the name of your trust the assets that you intend to transfer. Your Trustees will not have control of your assets unless your properly title your assets in the name of the trust....

Do I need to execute a Health Care Proxy?

Posted on: January 23rd, 2015
Yes, Health Care Proxy's are not just for the elderly. Once someone turns eighteen years of age, their parents are no longer entitled to make health care decisions on their behalf. Furthermore, they are not even allowed to obtain their son or daughters confidential medical information....

I have minor children. Why do I need an estate plan?

Posted on: January 23rd, 2015
For people with minor children, having an estate plan is of the utmost importance. This is because the court will have no idea who you wanted to take care of your minor children in the event that both you and your spouse have passed away. With the creation of an estate plan, you are able to nominate a Guardian to care for your children in the event that something were to occur....

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