Many individuals in Massachusetts and elsewhere may consider it vital to have a strategy in place to provide their loved ones with the necessary support after they pass on. In some cases, a person may have the option to use assets stored within an IRA to provide...
Trusts
Trust: Protecting the future of the kids as a single parent
On Behalf of Cushing & Dolan, P.C. | May 23, 2019 | Trusts
There may be a multitude of single parents in Massachusetts and elsewhere who consider it vital to have a plan in place to protect the needs of their children. While certain scenarios could be difficult to think about, having a strategy concerning how to provide for...
You can encourage specific actions with a trust
On Behalf of Cushing & Dolan, P.C. | May 3, 2019 | Trusts
Do you feel like you have spent your life encouraging your heirs to take certain actions and helping them become the best that they can be? Do you want to keep doing that after you pass away? There is one option. You can use a trust that offers monetary incentives...
How your heirs waste money and what you can do about it
On Behalf of Cushing & Dolan, P.C. | Mar 18, 2019 | Trusts
As you craft your estate plan, you can't help worrying about ways that your heirs are going to waste your money. The risk feels too real when you start designating assets you've worked to save up for decades, and you think about how someone else may not respect the...
Educational trusts and the student debt crisis
On Behalf of Cushing & Dolan, P.C. | Feb 28, 2019 | Trusts
You're thinking about how your assets can do the most good for your family. While estate planning is about getting everything in order, legally speaking, you know that it's also a chance to help them plan for their future. One option you may want to consider is making...
Why would a family want to set up a living trust?
On Behalf of Cushing & Dolan, P.C. | Jan 18, 2019 | Trusts
If your attorney is recommending that you create a living trust, you might want to listen to him carefully as he may have your best interests, and your family's best interests, in mind. Although a living trust won't be in the cards forever, there are some important...
When will my trust come to an end?
On Behalf of Cushing & Dolan, P.C. | Jan 4, 2019 | Trusts
A trust can own property and assets, but it's not a person, so it seems like it could live on forever -- guarding your assets for eternity or for so long as they remain. However, just like everything else, trusts must eventually come to an end too. The most typical...
How could a charitable remainder trust help my family?
On Behalf of Cushing & Dolan, P.C. | Dec 20, 2018 | Trusts
Sometimes Massachusetts residents decide that they want to do some good in the world while also receiving some benefits themselves. One way to do this is to create what's called a charitable remainder trust. This kind of trust has one or more named beneficiaries. The...
Have you created a trust for your pet?
On Behalf of Cushing & Dolan, P.C. | Dec 7, 2018 | Trusts
Many Massachusetts residents would agree -- some in jest and some quite seriously -- that their pets are more important members of their family than their children. For this reason, a lot of estate planners ask their attorneys how they can make a plan to ensure their...
How can my heirs benefit from a spendthrift trust?
On Behalf of Cushing & Dolan, P.C. | Nov 30, 2018 | Trusts
Imagine you want to leave $200,000 to your only surviving relative. The problem is, this individual is only 18 years of age, and has not exhibited an ounce of financial responsibility in his entire short life. You may definitely be concerned about leaving such a large...
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