Many people think estate planning begins and ends with a will. While a will does form a key component of estate planning, a comprehensive estate plan may require other tools to meet your particular needs. For instance, a trust may be something that would be beneficial...
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Trusts
6 signs it is time to remove a trustee
Something does not seem right with your father’s trust, or more like the trustee. Beneficiary distributions have been late or missed. Tax due notifications have arrived, and the trustee is now driving a luxury car. A trustee has specific duties when managing a trust....
Trusts: a powerful estate planning tool
Your life savings and estate won’t be useful to you after your death, but they will be to your family. You can ensure a comfortable and secure life for your loved ones by setting up a trust that will distribute your estate among them when you are gone. With a trust,...
Making the decision regarding trusts in an estate plan
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...
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...