Trusts

With no way of knowing what the future holds, there is no way of knowing how much retirement is “enough.”   Many people without pensions or 401(k) accounts decide to put away as much as possible in individual retirement accounts (IRAs) because they...

Thinking long-term is difficult for many people when it comes to estate planning, especially because of all of the uncertainties that the future presents. However, it is important for the very wealthy to think about future generations if they want to truly create a...

More than 70 percent of Americans over the age of 65 will end up needing long-term care services at some point in their lives, according to the U.S. Department of Health and Human Services. It’s difficult to imagine a point down the road where you or your spouse...

Choosing a trustee is an extremely important decision that many Massachusetts residents put a lot of thought into. Unfortunately, despite your best efforts, the trustee you initially appoint does always end up being your best advocate. But just because you aren't...

Special needs trusts are now not the only way assets can be saved for a disabled beneficiary while allowing the beneficiary to remain eligible for government assistance programs such as Social Security and Medicaid. Last month, President Obama signed the Achieving a...

A recent article in the Wall Street Journal pointed out that Massachusetts is one of the country’s few “kitchen sink” states. No, that has nothing to do with cooking or even kitchens, for that matter; it has to do with how property is divided during...

We often discuss the conflict that can arise between first and second families when a loved one dies and does not have an effective estate plan in place. But even with an estate plan, conflict can still erupt when the loved one made contradictory promises to members...

You don't know what the future holds. Nobody does. When it comes to creating your Massachusetts estate plan, the uncertainties of life may be reason enough to consider a discretionary trust. This type of estate planning tool can give your chosen trustee much greater...

A special needs trust is a very effective estate planning tool for to provide economic security for individuals who are mentally or physically disabled. Essentially, creating a trust allows a trustee to oversee the beneficiary’s finances and the trust usually...

Estate planning may be one of the most misunderstood areas of law, especially when it comes to trusts. Unfortunately, these misunderstandings can be very costly and can result in years of conflict, potentially tearing families apart. Here are five of the most common...