In 1951, the Powers of Appointment Act was established. This was one of the greatest developments in the tax and estate planning sector. A power of appointment in broad terms means that a person has the power to dispose of a property, and they hold that power even if...
Estate Administration & Probate
Important points for retirement and estate planning
On Behalf of Cushing & Dolan, P.C. | May 18, 2017 | Estate Administration & Probate
The mantra of investment commercials focuses on preparing baby boomers who are close to retirement age with the wisdom and knowledge to retire with enough income to enjoy the good life. Indeed, limiting risk is just as important to retirement planning as it is to...
What do I have to do to probate an estate?
On Behalf of Cushing & Dolan, P.C. | Mar 9, 2017 | Estate Administration & Probate
If you find yourself in the position of estate administrator for a friend or loved one who has passed on, you may not have a clue what duties are expected of you. That's quite understandable for those who have never before undertaken these tasks. Naturally, the more...
Proper estate planning can prevent familial squabbles
On Behalf of Cushing & Dolan, P.C. | Jan 20, 2017 | Estate Administration & Probate
Some may be surprised to learn that family members battling over estates don't always fight over large sums of money, property or expensive items. Often the most pitched battles deal instead with family heirlooms that have minimal value to anyone not emotionally tied...
Is probate of an estate always necessary?
On Behalf of Cushing & Dolan, P.C. | Jan 5, 2017 | Estate Administration & Probate
Survivors and heirs are often gratified to learn that they don't have to submit to a lengthy probate process in order to take possession of the few assets that are in very small estates of their loved ones. For instance, a voluntary administration can be initiated...
It matters a great deal who is chosen to administer your estate
On Behalf of Cushing & Dolan, P.C. | Nov 22, 2016 | Estate Administration & Probate
When it comes to choosing the executor for your will, it's important to realize that not everyone in your life will be temperamentally fit for the responsibility. While many — if not most — estates can be satisfactorily handled by laypersons with no formal...
How are charitable donations here in the U.S. changing?
On Behalf of Cushing & Dolan, P.C. | Oct 27, 2016 | Estate Administration & Probate
The Chronicle of Philanthropy, an independent news organization dedicated to covering all things charitable, recently released its annual report outlining the state of charitable giving here in the U.S. and ranking the nation's top 400 charities in terms of total...
What happens when you die without a will in Massachusetts? – III
On Behalf of Cushing & Dolan, P.C. | Sep 29, 2016 | Estate Administration & Probate
While our blog always makes a point to highlight the importance of estate planning, we took a slightly different approach this past summer by exploring how Massachusetts' intestate distribution scheme works. Specifically, the intention was to demonstrate how inaction...
Is it possible to refuse an inheritance? – II
On Behalf of Cushing & Dolan, P.C. | Sep 1, 2016 | Estate Administration & Probate
In our last post, our blog spent some time discussing how those individuals who learn that they will be receiving some sort of inheritance from a deceased family member or friend may ultimately find themselves feeling flattered that their loved one left them a gift,...
Is it possible to refuse an inheritance?
On Behalf of Cushing & Dolan, P.C. | Aug 26, 2016 | Estate Administration & Probate
When a person learns that they will be receiving some manner of inheritance from the estate of a loved one who recently passed, chances are good that they'll feel mixed emotions. On the one hand, they are likely still mourning the recent loss of their friend or family...
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