Estate plans are most efficient when they contain all the necessary documents pertaining to a person's particular situation. Some Massachusetts residents might find that including trusts in a comprehensive estate plan could be worth their while. The first order of...
Helping People Age With Dignity And Peace Of Mind
Trusts
Can I modify a trust after it has been created?
When going through the estate planning process, the hope is to set something up that will not only offer the protections one desires but will also stand the test of time. For many Massachusetts residents, setting up a trust is the way to meet these goals. However,...
Seeing the possibilities of blind trusts
There are many things people can do to effectively manage their money. Some Massachusetts residents may be wondering how trusts can be beneficial to them in the estate planning process. Those looking to have better control over their financial portfolios -- which can...
The kind of trust you should establish depends on your goals
Chances are you have been busy either with your corporate responsibilities or in building a successful family business and you continue to accumulate assets.Perhaps you are not far from retirement and want to take a serious look at estate planning. Trusts are among...
Trusts can be an important estate planning tool
When a person passes away, loved ones left behind will look at his or her will and other estate planning documents to determine what to do with assets and personal property. Having a plan is important, but a simple will may not be enough for a Massachusetts adult who...
Equal love need not equal identical trusts
Parents who have multiple children will vow that they love all of their children equally. While one may love children equally, it does not necessarily mean that they have to be provided for equally in one's estate plan in Massachusetts. Just as children have different...
When to consider a living trust
As you age, it may become increasingly important for you to have a solid estate plan in place to benefit your loved ones. You have numerous options available to you in terms of how to create that estate plan, and each method of protecting your assets comes with its...
A special needs trust supplements government benefits
Establishing a special needs trust for a family member who requires help will add to the benefits he or she receives from the government.There are three types of special needs trusts to consider in first-party, third-party and pooled trust formats. First-party...
Don’t believe what movies say about trusts
Movies and TV shows like to vilify characters with trust funds, portraying them as spoiled, entitled and averse to any kind of hard work. This repeated characterization has helped shape society's view of trusts. Most people think that trusts are only useful to the...
Trusts and how they can aid estate planning
The language of estate planning can be confusing to some and can serve as a deterrent to putting a plan in place in Massachusetts. This need not be the case. Two terms that are tossed about a lot in the estate planning world are wills and trusts. Both can be very...