The old saying, "you can't take it with you," is true. However, that does not mean that Massachusetts residents cannot retain control over with happens to it. For instance, some people may need nothing more than a will to meet their goals, but others will need...
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Toll Free : 866-591-4451
Trusts
A special needs trust could be crucial for Massachusetts parents
Massachusetts parents who have a child with special needs often dedicate their lives to providing the best care possible to him or her. Some of these parents may also be preoccupied with ensuring that their child will continue to receive the same level of care if and...
A revocable trust can provide for children of a single parent
Massachusetts residents may not realize that it is not only the wealthy who benefit from the use of trusts. In reality, anyone can benefit from using a trust as part of a comprehensive estate plan. One group of people who could benefit from the use of a trust, such as...
Setting up a living revocable or irrevocable trust
Massachusetts residents set up living trusts -- which is a trust created during the life of its creator -- for a variety of reasons. For instance, a revocable trust (changeable) or irrevocable trust (unchangeable) can be created to provide for loved ones who are too...
Do you need a revocable trust or irrevocable trust?
Trusts are created to hold property and provide for beneficiaries in accordance with the terms set forth therein. Massachusetts residents who choose to use trusts do so for many reasons such as avoiding probate, estate taxes or the reach of creditors. If estate taxes...
Massachusetts parents may want to set up a trust
Planning for the future can help alleviate stress on your loved ones and yourself. For some people, this can be a straightforward process, but for parents of minors, the process can be slightly more complicated.Parents in Massachusetts and elsewhere often worry that...
Choosing a trustee for an irrevocable or revocable trust
Many Massachusetts residents create trusts. Whether it is an irrevocable or revocable trust, one of the most important decisions the creator of a trust can make is choosing a trustee. People are often advised to review their trusts periodically to be sure the trust...
Do changes need to be made to a revocable trust when relocating?
When moving to a new state, many issues need to be taken into consideration. One of the issues that many people may fail to consider is whether changes need to be made to a revocable trust or other estate planning documents. Every state, including Massachusetts, has...
A Massachusetts irrevocable trust may be decanted
Sometimes, the terms of a Massachusetts irrevocable trust no longer adequately serve its beneficiaries, or the trust itself was not properly drafted initially. If this is the case, it may be possible to decant the current irrevocable trust under certain circumstances....
The ABC’s of a Massachusetts revocable or irrevocable trust
Listen to people in Massachusetts talk about estate planning long enough, and the topic of trusts will come up. However, people do not generally go into detail as to just what a revocable or irrevocable trust comprises. There are numerous types of trusts, but most fit...