Estate Planning

As you plan your will out, there may be many thoughts running through your head about who you want to choose for your executor. Since this person is in charge of your assets and debts, you need to pick someone with certain personality traits and skills. Not looking at...

There are a few estate planning and personal reasons to gift money to your adult child. If your son or daughter needs a bit of a boost, giving him or her some cash may not be a bad idea. Luckily, according to NerdWallet, you can usually give up to $15,000 without...

Acting as the executor of a will is a serious responsibility. The law defines the duties of an executor of a will in Massachusetts, and also defines the penalties for abusing the role. A decedent nominates an executor to oversee the affairs of their estate after they...

If someone has asked you to act as a special needs trustee, you may have little or no idea what the job entails. You also may wonder whether you have the skills and time that are necessary to do the job successfully. These concerns are common with first-time trustees....

After building up assets, you want to ensure that they get properly allocated once the end of your life arrives. For many, that forward-thinking remains a difficult task. In a recent survey by Caring.com, 63% of people making more than $80,000 cited procrastination as...

A revocable trust can be a powerful estate planning tool. Whether your goal is to protect your assets for future generations or guard against divorces and lawsuits, a revocable trust may be the best option to help you reach your goals. If you are interested in...

Loneliness is becoming increasingly common among older individuals in the U.S. In fact, according to the Centers for Disease Control and Prevention, as many as 33% of those over the age of 45 regularly struggle with social isolation and loneliness. Even though you may...

Part of estate planning includes deciding who gets portions of your estate after you die. However, in Massachusetts, any estates valued at $1 million or higher are subject to estate tax. Money will go to the state before your beneficiaries receive anything, so make...

Estate planning is an important task that can determine what will happen in the event of your death. Having a plan can protect your family and preserve your assets. One common tool in estate planning is a trust. A trust creates a plan that protects your assets,...