On behalf of Albanese Law, LLC | Aug 1, 2019 | Trusts, Trusts
Setting up a trust may not be enough to protect the money you wish to bequest to your loved ones. There are instances where the trust may not cover a particular asset. And in some instances, a prepared trust may not cover the asset at all.It is a good idea to...
On behalf of Albanese Law, LLC | Jul 11, 2018 | Trusts, Trusts
Elderly people across the country have been involved in legal battles where people, including family members, are attempting, or have attempted, to gain control of their assets. Some Massachusetts residents may find themselves in a similar situation to former...
On behalf of Albanese Law, LLC | May 22, 2018 | Trusts, Trusts
An incentive trust appeals to you. Your two children are very different. While your daughter is well-grounded and you have no doubt she will spend her inheritance wisely, your younger son is far different. He has always spent money quickly and made frivolous purchases...
On behalf of Albanese Law, LLC | Apr 17, 2018 | Trusts, Trusts
Caring for a special needs child can often be more complicated than many Massachusetts parents expect it to be. Many parents of special needs children have come to realize that their children may not be able to live independently, and they are constantly...
On behalf of Albanese Law, LLC | Jan 9, 2018 | Trusts, Trusts
Families with a special needs child are becoming more and more common. Many of these children will receive government benefits when they are older. Some Massachusetts parents may wish to leave a special needs child some kind of inheritance after they pass. However,...
On behalf of Albanese Law, LLC | Sep 13, 2017 | Trusts, Trusts
Whether in Massachusetts or elsewhere, a basic fact to remember is that trusts must be funded before they can do anything. However, an unfunded trust is not void. For example, a revocable trust that is unfunded will remain valid but inoperative until it is funded....
On behalf of Albanese Law, LLC | Sep 7, 2017 | Trusts, Trusts
A trust is an often-underutilized estate planning tool that allows for clear and specific stipulations regarding the handling of a Massachusetts individual’s estate and asset distribution, while often minimizing taxes and administrative expenses. With terms like...
On behalf of Albanese Law, LLC | Aug 17, 2017 | Trusts, Trusts
The idea of estate planning may have some Massachusetts residents feeling wary, but other individuals may be excited about the prospect. By creating a plan, parties can decide who should receive which assets and ensure that their other wishes are also known. Of...
On behalf of Albanese Law, LLC | May 18, 2017 | Trusts, Trusts
Choosing to utilize planning tools other than wills commonly occur during individuals’ estate planning. For many Massachusetts residents, a revocable trust could come in handy if they hope to avoid probate or allow certain assets more protection. However, while...
On behalf of Albanese Law, LLC | Mar 22, 2017 | Trusts, Trusts
Having a child with special needs can add a different element to an individual’s life. Therefore, when considering end-of-life plans, Massachusetts residents may wish to consider adding additional elements to their estate plans. A special needs trust could be...
