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.
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.
It's been a few months since we last addressed how disability issues can affect estate planning decisions.
It isn't easy being a parent. Even if all goes well, taking care of a child requires a major commitment of time, energy and money.
People with special needs do not only need lots of hands-on care. They also need intelligent strategies for an appropriate party to manage the money available for their care.