On behalf of Albanese Law, LLC | Jun 1, 2020 | Estate Administration And Probate, Estate Administration And Probate, Estate Planning, Guardianships And Conservatorships, Guardianships And Conservatorships, Long Term Care Planning, Long Term Care Planning, Trusts, Trusts, Wills, Wills
When a person is having trouble in administering his or her property and assets, it is normal for the court to set up a conservator. Typically, what a conservator does is that he or she has the legal responsibility to manage another person’s affairs, which can be...
On behalf of Albanese Law, LLC | May 5, 2020 | Trusts
Estate taxes, sometimes called death taxes, are taxes taken from the transfer of an estate upon a person’s death. Often expensive, these taxes can take around 50% of the value of an estate, after a certain threshold. With payment due nine months after an individual’s...
On behalf of Albanese Law, LLC | Mar 26, 2020 | Trusts
The goal of estate planning is to allow someone to control and designate how their property is distributed to others when they die. The goal for estate planning attorneys is to help people pass along as much of their estate as possible, avoiding probate, taxes and...
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...
