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...
Call to schedule an appointment or house call
Local : 617-379-0022
Toll Free : 866-591-4451
Local : 617-379-0022
Toll Free : 866-591-4451
Trusts
Benefits of a special needs trust
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,...
A revocable trust cannot serve its purpose until it is funded
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....
Different options provided by a revocable vs. irrevocable trust
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...
Massachusetts residents may consider revocable trust options
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...
If used correctly, a revocable trust could help avoid probate
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 this...
Massachusetts parents may be interested in a special needs trust
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 one...
Revocable trust, other options may be of use in Massachuestts
Asset protection is often important to many Massachusetts residents. Because they likely have worked long and hard to obtain their property, money and other assets, it is common for concerns to arise when it comes to the distribution of that property after death....
Estate planning as a retiree: Consider each type of trust
Have you finally decided to hang up your work boots once and for all? If so, you know that your life is going to change in many ways. In particular, your financial situation will never be the same.As a retiree, there will come a time when you want to review your...
Does it make sense to consider a trust?
As you age, it only makes sense to pay close attention to your estate plan.Do you like the decisions you made in the past? Do you need to alter your plan in some way? Is there something you could modify to improve your estate plan, both for you and your loved ones?...