Trusts

You probably already know that an IRA is an individual retirement account. A multi-generational IRA is an individual retirement account that allows you to leave money to beneficiaries after you die. Multi-generational IRAs, also known as extended or stretch IRAs, are...

A few weeks back, both the entertainment world and movie fans across the globe were shocked to learn that actor Robin Williams had passed away. Regarded as both a comedic genius and highly accomplished dramatic actor, Williams left behind a wife, his third to whom he...

Trusts are an important facet in the estate plans of many Massachusetts residents. Trusts can be created to meet a variety of unique needs such as tax minimization, probate avoidance or creditor protection. The most common type of trust used by our clients is the...

Many Massachusetts homes have been in families for generations. Although one might think it would be as simple as handing over the front door key to a son or daughter, passing down a valuable asset like a home is much more complex. Because family homes are often...

Many Massachusetts residents mistakenly believe that all they need is a will in order to protect their assets and property when they die. However, even with a valid will, the probate administration process still must take place, which is a long, expensive and public...

Last week, we discussed how Massachusetts residents who care deeply about their pets can create trusts that provide for their furry friends in case they are no longer able to do so themselves. With May being National Pet Month, we wanted to explore the topic of pet...

Many people in Massachusetts have pets such as dogs or cats that they consider family members. Although our furry friends don't have life expectancies as long as we would like, it is possible to be outlived by a pet. While a pet owner would like to think that someone...

In the state of Massachusetts, trust planning can provide an individual with the freedom to allot their resources to reflect specific interests and objectives. Some individuals choose to establish a charitable trust because of a desire to financially contribute to a...

Divorce can greatly reshape a person's estate-planning priorities. This is true regardless of whether someone gets remarried or not. After a divorce, the arrangements regarding leaving property to a spouse are naturally in need of revision. This is particularly true...

The end of the year is always a good time to think about the future. And this certainly includes estate planning and tax considerations. In today's post, let's look at one example of how intelligent tax planning can result in significant savings when transferring...