It is becoming increasingly common for people in the state of Massachusetts to purchase life insurance since they offer a way to give families peace of mind. They may choose such packages so that they are confident that they can give their children the support they...
Trusts
How court-ordered constructive trusts can be beneficial
On Behalf of Cushing & Dolan, P.C. | Sep 21, 2018 | Trusts
Trusts are quite often thought of in general terms; however, there are many different types of trusts available and they differ greatly depending on the type. Therefore, it is important to understand more about all of the options and benefits so that you are able to...
The cost of creating a revocable trust in Massachusetts
On Behalf of Cushing & Dolan, P.C. | Aug 17, 2018 | Trusts
When one makes a will, it must go through the process of probate, and therefore, the assets will take a long time to reach the beneficiaries. In addition, there will be costs deducted from the person's estate for the administration of the probate process. This is why...
What are the benefits of an irrevocable trust?
On Behalf of Cushing & Dolan, P.C. | Jul 27, 2018 | Trusts
When considering starting a trust in the state of Massachusetts, it is important that you make sure to research all of the different options and weigh the pros and cons of each. The best choice for you will depend on what exactly you want to achieve and your current...
Should you fund a spendthrift trust for your kids?
On Behalf of Cushing & Dolan, P.C. | Jun 22, 2018 | Trusts
If you are a parent of an adult child who has proven to be inept at handling money, it can make your estate planning efforts especially challenging. For instance, suppose your two adult sons have very different personalities. Your oldest son has always been the...
How inter vivos trusts work
On Behalf of Cushing & Dolan, P.C. | Jun 1, 2018 | Trusts
An inter vivos trust is the formal term for what is commonly known as a living trust. A living trust means that you are able to place your assets in this trust, modify the contents of the trust, and if desired, revoke the trust during your lifetime. In this way,...
How are constructive trusts different from other trusts?
On Behalf of Cushing & Dolan, P.C. | Apr 26, 2018 | Trusts
When planning your estate, it is likely that you have considered creating a trust to hold your assets in your lifetime and beyond. All of the different types of trusts can be very confusing, especially to a person who is just starting to plan his or her estate....
The difference between testamentary trusts and living trusts
On Behalf of Cushing & Dolan, P.C. | Mar 15, 2018 | Trusts
Trusts should be an important part of planning anyone's estate. There are many benefits in using trusts as part of your estate plan. For example, trusts can make it possible for you to avoid the probate process, which can be both lengthy and expensive for your...
How to get strategic about protecting your assets
On Behalf of Cushing & Dolan, P.C. | Feb 7, 2018 | Trusts
Protecting your assets should never be an afterthought of wealth acquisition. The way that you manage your assets and investments can be one of the key indicators of long-term wealth and the future of a legacy. Asset protection planning is a strategic way to...
Understanding constructive trusts
On Behalf of Cushing & Dolan, P.C. | Jan 25, 2018 | Trusts
Navigating the world of wills and the many different types of trusts can be overwhelming at first. But the more that you read about the different options available to you, the more you will begin to understand that the many different options will actually work in your...
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