A no-contest clause, also known as an "in terrorem" clause, is a provision that a testator or a grantor can include in their wills or trusts to prevent their beneficiaries from challenging the document's validity in court. How does it work? A no-contest clause...
Irrevocable trusts are an estate planning resource that offers a variety of benefits that can't be found in other tools. These trusts involve transferring ownership of assets into a separate legal entity, which is managed by a trustee for the benefit of the trust's...
Some individuals born to inherited wealth continue to work and/or involve themselves in meaningful volunteerism despite their vast income from generational wealth. Others – sometimes from the same family – waste their inheritances and lead dissolute lives. If you are...
When you and your spouse are already married, trying to add new rules to your relationship might seem like it would be unacceptable. However, many couples do benefit from adding postnuptial agreements to their relationships and making sure that they have the...
You worked hard all your life, awoke before the sun and put in 10-hour days five or six days a week. You amassed a great deal of money and assets throughout your long work career due to your sheer grit and hard work. Now as you face your golden years and do your...
You can’t even imagine your life without your dog (or cat, or bird or horse), but you’re concerned about their future if something happens to you. You’re getting on in years, and you’re afraid that your beloved pet won’t get the right care if you should precede them...
You have an adult child who has relied on your for their whole life. They have a disability, and while they can take care of themselves the majority of the time, they still need you to step in from time to time. The last thing you want to do is to leave them in a...
When forming a strategy for the future, many individuals in Massachusetts may feel it vital to ensure that they have the options to make changes to their plans should the need arise. Some may be hesitant to explore estate planning options out of fear that what they...
There are a variety of scenarios in life that may seem difficult to think about, let alone plan for. Once a person comes to grips with the idea of passing on and decides to implement a plan for the future, with a multitude of strategies to consider, he or she may find...
There may be a multitude of individuals who are under the impression that certain estate planning options are only beneficial for the wealthy. Unfortunately, this common misconception could lead some into choosing to avoid the process altogether. By seeking guidance...
