You have just been informed that you were named as the Successor Trustee of someone’s estate, and that person is now deceased. You may or may not have known about your nomination for that position.... Read more »
They can – unless you designate your beneficiaries properly… Probate is a legal process that provides for a court to review and validate someone’s will. During the probate process, a deceased individual’s assets are first... Read more »
For those who are elderly and in need of health care and support services, investigate the Frail Elder Waiver (FEW) programs of MassHealth. This program is primarily for those who would receive such services in... Read more »
Anyone who has had a loved one in a nursing home knows how costly nursing home care can be and how quickly assets can be depleted to cover such expense. Eventually, most seniors remaining in... Read more »
Clients often worry about the execution of their plan after death. Sometimes, individuals fail to see their complicity in the destruction of their plan. Numerous ways exist to invalidate an Estate Plan. A qualified Estate... Read more »
Estate planning attorneys need to understand and explain taxation of trusts in order to properly advise clients. Individual clients need to understand the implications of the plan their attorney suggests in order to properly file... Read more »
Although revocable trusts are the centerpiece for many estate plans, many clients are confused by what amount of their deposit accounts are insured by the Federal Deposit Insurance Company. To make the rules easier to... Read more »
The pandemic has had a long-lasting influence on our culture, including encouraging relocation at previously unheard-of levels. Imagine the surprise of a recently relocated retiree who discovers that their previously untaxed Social Security benefits are... Read more »
It may be possible to double your gifting by using spousal “gift-splitting.” Spouses may elect to split gifts made to others. If they do so, they must split all the gifts made by the other... Read more »
You’ve been named Successor Trustee of someone else’s estate… …and that person is now deceased. You may or may not have known about your nomination for that position. But in any case, after you have... Read more »