Who will receive an individual's retirement account upon his or her death? One person is named in the will, and another is named on the beneficiary designation filled out by the decedent back when the account was opened. Many people in Massachusetts would make the...
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Local : 617-379-0022
Toll Free : 866-591-4451
Month: May 2014
What to do when adult children become incapacitated adults
Upon turning 18, one of the last things a newly emancipated adult and his or her parents think about is what would happen if he or she ended up in the hospital, unable to make decisions regarding his or her health care and finances. However, the possibility of adult...
Choosing a trustee for an irrevocable or revocable trust
Many Massachusetts residents create trusts. Whether it is an irrevocable or revocable trust, one of the most important decisions the creator of a trust can make is choosing a trustee. People are often advised to review their trusts periodically to be sure the trust...
Making estate administration less complicated
When a Massachusetts resident dies, the estate will be distributed in accordance with his or her estate plan. Knowing a person's wishes makes estate administration easier, but without some basic basic awareness of an estate plan, things can become unnecessarily...
Massachusetts residents sometimes forget possessions in wills
Many Massachusetts residents have estate plans providing a certain percentage of their estates to their heirs. This may be helpful when it comes to the individual's money, but it may not work when it comes to personal possessions. Without some additional consideration...