Music icon Prince passed away in 2015 and left behind a large estate. Unfortunately, his failure to have a solid estate plan means that any potential beneficiaries will be walking away with far less than they could have. Prince's estate is still in the probate...
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Toll Free : 866-591-4451
Month: January 2017
Estate and inheritance taxes on assets can be significant
There is a saying about death and taxes being the only things that are certain in this world. Sadly, it is very true. Taxes do not end at one's death either, as beneficiaries may have to deal with paying inheritance and estate taxes on anything that is passed on to...
For full asset protection, updating estate plans is necessary
Those in Massachusetts who have taken the time to create estate plans can rest a little easier knowing they have taken a positive step toward protecting their loved ones and their assets. This is not always a simple task to accomplish. However, it is important to...
Estate planning as a retiree: Consider each type of trust
Have you finally decided to hang up your work boots once and for all? If so, you know that your life is going to change in many ways. In particular, your financial situation will never be the same.As a retiree, there will come a time when you want to review your...
Massachusetts probate process part 2: What is formal probate?
In a previous article this column discussed one of the three different types of probate offered in the state of Massachusetts -- informal probate. This week's column will continue the probate topic, only this time focusing on formal probate litigation. As is true with...