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On Behalf of Cushing & Dolan, P.C. | Apr 25, 2014 | Trusts
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...
On Behalf of Cushing & Dolan, P.C. | Apr 10, 2014 | Wills
Massachusetts residents may learn from the recent death of New York fashion designer L'Wren Scott. Scott was found dead from an apparent suicide in her Manhattan apartment in March. Although no note was found, foul play was not suspected. L'Wren Scott was the longtime...
On Behalf of Cushing & Dolan, P.C. | Apr 3, 2014 | Estate Administration & Probate
Massachusetts residents may be interested in an article discussing some of the basics of estate planning and why a person would need to implement such a plan. Relatives of a person who dies without an estate plan in place could be at a disadvantage. The purpose of...
On Behalf of Cushing & Dolan, P.C. | Mar 25, 2014 | Estate Taxes
Massachusetts taxpayers know that the federal government raised tax rates for personal and investment incomes for wealthy individuals effective for 2013 tax returns. The tax changes were in part implemented to fund the President's health care plan. While this hike in...
On Behalf of Cushing & Dolan, P.C. | Mar 21, 2014 | Estate Planning
In an action that affects Massachusetts residents and citizens all across the country, Congress passed the American Tax Relief Act of 2012. Included in that law are provisions for transfer taxes or taxes on an estate. Under the new tax law, credit shelter trusts will...
On Behalf of Cushing & Dolan, P.C. | Mar 10, 2014 | Wills
People in Massachusetts and throughout the nation who neglect to create a last will and testament may instead be creating potential relational and financial disasters. Some people believe that a handwritten note will direct the proper distribution of assets, but this...
On Behalf of Cushing & Dolan, P.C. | Mar 5, 2014 | Wills
Massachusetts readers, along with the rest of the country, may be following the news of the recent death of star Philip Seymour Hoffman. It turns out that the Oscar-winning actor left his estate paperwork in miserable shape. Experts guess that between almost $12- $15...
On Behalf of Cushing & Dolan, P.C. | Feb 28, 2014 | Wills
For many Massachusetts residents, designing an estate plan is a difficult but necessary action that must be taken. In most cases, this plan will help their loved ones be able to carry out the person's wishes. However, there are mistakes that are often made in the...
On Behalf of Cushing & Dolan, P.C. | Feb 18, 2014 | Estate Administration & Probate
Striking the right balance between emotion and logic is often a tricky challenge when making decisions. We often conceptualize this very-human challenge as heart versus head. It's a challenge that often comes up in estate-planning contexts regarding what to do with a...
On Behalf of Cushing & Dolan, P.C. | Feb 10, 2014 | Estate Administration & Probate
An untimely death can raise estate issues in very pointed ways. When death comes suddenly, to someone who is still in the prime of life, the emotional elements of the sudden loss tend to make resolving the issues even more challenging. In this post, we will discuss...
