Many people mistakenly believe that estate plans and trusts only serve a purpose for those who are elderly and those who are rich. While these groups do often have trusts and estate plans in place, they are not the only ones, nor should they be. While it is not always...
Albanese Law, LLC
How does probate work in Massachusetts?
During probate, the court supervises the administration of your estate by your designated personal representative. When you plan your estate, you may want to implement strategies to help your loved ones avoid a time-consuming, costly probate process. Review the...
Should you plan your estate while expecting a child?
When you are expecting a child, it is easy to feel like that is where all of your time and attention should go. After all, preparing for a child in your life takes a lot of effort and advanced planning. But at the same time, this is the last period of time in a long...
Is an undue influencer trying to steal your inheritance?
Your parents worked hard throughout their lives to build wealth. While your mother and father likely have enjoyed the benefits of their fortune, they also may have promised you an inheritance. If your parents' estate plan has changed recently, an undue influencer may...
Why can your beneficiaries change?
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...
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...
