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On Behalf of Cushing & Dolan, P.C. | Nov 19, 2014 | Wills
This is a question that is frequently asked to estate planning lawyers, and the answer is no. Parents are not legally required to leave anything to their children. If an unmarried parent dies without a will, the rules of intestacy would result in all of the...
On Behalf of Cushing & Dolan, P.C. | Nov 11, 2014 | Trusts
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...
On Behalf of Cushing & Dolan, P.C. | Nov 5, 2014 | Trusts
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...
On Behalf of Cushing & Dolan, P.C. | Oct 30, 2014 | Trusts
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...
On Behalf of Cushing & Dolan, P.C. | Oct 24, 2014 | Powers Of Attorney
When most people think of estate planning, they think of creating wills and trusts in order to pass down assets upon death. However, effective estate planning involves much more than just distributing your assets upon death. It should also address many other important...
On Behalf of Cushing & Dolan, P.C. | Oct 23, 2014 | Trusts
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...
On Behalf of Cushing & Dolan, P.C. | Oct 8, 2014 | Estate Taxes
When highly successful individuals pass away, their families can receive a second shock when the Internal Revenue Service demands an excessive amount of money in the estate tax return. This problem, as many wealthy families in Massachusetts and the rest of the country...
On Behalf of Cushing & Dolan, P.C. | Oct 1, 2014 | 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...
On Behalf of Cushing & Dolan, P.C. | Sep 25, 2014 | Powers Of Attorney
You hope the day will never come when you are on life support or incapacitated and are unable to make decisions for yourself. But if that day does come, conflict and emotional turmoil could arise among your family members as they try to figure out the right thing to...
On Behalf of Cushing & Dolan, P.C. | Sep 16, 2014 | Wills
When it comes to estate planning, one of the biggest misconceptions is that only wealthy people need one. This simply isn’t the case. In fact, most people in Massachusetts and the rest of the country would benefit from an estate plan. That’s because estate...
