After creating your estate plan, you cannot simply let it sit and age. You must keep it updated so that it reflects your current life. After all, that is the entire point of an estate plan: to reflect your most recent wishes and desires. But it may feel overwhelming...
Albanese Law, LLC
What if I want to distribute my estate unevenly?
The common advice when crafting an estate plan is to make the distribution of inheritance equitable. Essentially, make sure that all of your children get roughly equal parts of the pie. This is generally good advice to help lessen the chance that one of your children...
Requesting an estate tax extension
If you are responsible for your loved one's estate, you could have a number of questions. However, it is especially important to handle estate taxes properly if you need to to file an estate tax return. In Massachusetts, estates worth more than $1 million must pay...
Understanding the Massachusetts probate process
When planning your estate, you should understand the factors that govern probate in Massachusetts. Probate is the court-approved process of settling your final expenses, taxes and debts along with distributing property to your heirs. Review these probate...
How should you tackle estate plan review?
Your estate plan has many different parts to it. Because of this, the idea of doing a full review may seem like an enormous feat. This is especially true if you plan on taking expert advice and doing a review every 3 years. Fortunately, you do not have to review every...
Choosing the right estate administrator is important
Making end of life decisions is usually not on the top of most people’s to-do lists. However, it is important for people to decide how to divide up their estate and distribute assets. One part of estate planning is to name an estate administrator. This person carries...
How do conservatorships work?
When a person is having trouble in administering his or her property and assets, it is normal for the court to set up a conservator. Typically, what a conservator does is that he or she has the legal responsibility to manage another person’s affairs, which can be...
What to consider when making a will
For some, writing a will can be a daunting yet necessary task and can lead to several unanswered questions. A person might be unfamiliar with where to begin and also, what to include in the will and how the process will evolve over time. All of these are important...
Removing the mystery from probate
For many people in Massachusetts, the death of a loved one may leave many unanswered questions. However, what happens during probate does not have to be part of the mystery. While much of what goes on during probate and estate administration occurs behind the scenes,...
Is estate planning important for those without children?
Many people here in Massachusetts realize how vital it is to have an estate plan. It is important to be sure assets are distributed in the way the estate owner wants, and to have directives in place if that individual is unable to make his or her own financial...
