When it comes to planning for the distribution of your assets after your passing, gift taxes are important to keep in mind. Gift taxes apply to the transfer of property or assets from one person to another without receiving full compensation in return. Grasping the...
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Local : 617-379-0022
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Local : 617-379-0022
Toll Free : 866-591-4451
Month: August 2023
What are reasons to update your business succession plan?
People update their estate plans to account for changes that affect their estate goals. Your business succession plan should not be an exception. To help ensure your company ends up in the right hands, you should alter your strategy when necessary. Here are some life...
Does Massachusetts prioritize people to serve as guardians?
The goal of state law is to ensure a person who has suffered incapacitation and cannot make personal care or financial decisions has the right guardian or conservator. This is why Massachusetts law establishes a hierarchy of candidates who may serve as guardians....
What could disqualify a trust to be a Medicaid trust?
Setting up a Medicaid trust under Massachusetts law takes careful planning, but the effort can be worth it. This kind of trust holds some of your assets so you may reduce the size of your estate and someday qualify for Medicaid. However, not all trusts qualify as...