When making estate plans, individuals should consider any estate tax liability. The estate may have to pay taxes on the federal and state levels. In Massachusetts, there is an estate tax. Understanding the rules about this tax can help ensure the estate pays in...
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Local : 617-379-0022
Toll Free : 866-591-4451
Month: March 2024
What happens if you die without a will?
Dying without a will in Massachusetts places your estate into a process called "intestate" succession. This means that instead of your personal wishes dictating the distribution of your assets, state laws will make those decisions. Many people wrongly believe that the...
What are the most common sources of stress during probate?
Dealing with the death of a loved one is an emotionally taxing experience. However, on top of the grieving process, many individuals find themselves thrust into the complexities of probate. Understanding the most common sources of stress during this time is one...
4 things to consider with your power of attorney
A comprehensive estate plan should include a power of attorney. It grants someone the authority to make decisions on your behalf if you become incapacitated. When creating a POA, there are several important elements to consider as you protect your interests. 1....
3 benefits of dynasty or generation-skipping trusts
For Massachusetts residents looking to preserve wealth and provide for future generations, dynasty and generation-skipping trusts offer valuable benefits. Understanding the advantages of dynasty and generation-skipping trusts is helpful for estate planning. It can...