When planning one's estate, there are numerous things to consider -- such as how assets and beneficiaries would best be protected, for instance. Unfortunately, many Massachusetts residents may not know all of the available options open to them that will allow them to...
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Toll Free : 866-591-4451
Trusts
A special needs trust can help put parents’ minds at ease
Many Massachusetts parents devote their lives to taking care of their children -- especially children with special needs. These children often require care even after they become adults, and additional estate planning will most likely be required in order to help...
Powers of attorney are essential parts of estate planning
Most Massachusetts residents focus on what will happen after their deaths when creating estate plans. However, it is just as important, if not more so in some cases, to plan for what will happen in the event that they are not able to care for themselves at some point....
Having a will and a revocable trust is not enough
Massachusetts residents who engage in estate planning often feel that their job is done once they sign on the dotted line. However, having a will and/or a revocable trust is not enough to ensure that the assets will end up with the proper heir or beneficiary. The...
Using a revocable trust to distribute assets to children
There are many types of trusts that can be used depending on an individual's circumstances and family dynamics. Even so, the most popular type of trust used by people here in Massachusetts and elsewhere is the revocable trust. This is because the grantor can make...
Creating a revocable or irrevocable trust for pets
In 2011, Massachusetts recognized that its residents care about their pets as if they were members of their families by passing a law allowing people to create trusts for their pets' care after their deaths or incapacitation. A beloved pet could end up in a shelter or...
The benefits of a special needs trust for Massachusetts families
Most Massachusetts parents use estate planning to provide for their children after they pass away. If you are a couple with a special needs child, providing for him or her may take on a greater significance. Using a special needs trust to achieve that goal has...
What is the purpose of a special needs trust?
A person can have special needs as the result of a variety of situations. A disability could be genetic, occur at birth or be the result of a catastrophic accident. Regardless of how a Massachusetts resident became disabled, he or she may be entitled to assets through...
Using a revocable trust to pass an estate to children
Many Massachusetts residents struggle with how to provide for their children after their deaths. One estate planning tool that many people use is the revocable trust. This versatile document allows parents the freedom to create a trust that works best for them and...
Use a revocable or irrevocable trust for life insurance proceeds
Many Massachusetts families purchase life insurance policies to provide for their minor children if they pass away. However, a minor child cannot inherit the proceeds. Without a revocable or irrevocable trust to hold the proceeds upon death, family members will have...