Your estate plan must be kept up to date to ensure it continues to meet your needs and achieve your goals. As you think about the changes you want to make in the coming year, I hope you’ll also reflect upon the changes that took place in your life last year… and...
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An Introduction to Probate in Massachusetts
Let’s begin with a definition: Probate, in general, is the process of validating a will (if there is one), identifying the decedent’s assets, and authorizing a personal representative to distribute these assets according to Massachusetts law. The process takes about a year, although in situations involving complex estates, family infighting, or disputes...
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Why Would Someone Want an “Irrevocable” Trust?
An irrevocable trust can’t be modified or terminated except under certain very limited circumstances. This type of trust requires the grantor (the person for whom the trust is created) to transfer assets into the trust and give up his or her rights of ownership to those assets. So why would anyone want...
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The Difference Between a Will and a Beneficiary Designation… and Why It’s Important
Wills and beneficiary designations are similar in that they allow you to name the person(s) who will receive your assets after you pass away. However, they are not the same. Understanding the differences is crucial to ensuring your wishes are carried out.Let’s begin with two basic definitions. A will is an estate...
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A Common Misconception about Wills and Probate
Many people believe that having a valid will allows their estate to avoid probate. This is not the case. In fact, the probate process focuses on authenticating a decedent’s will (if there is one) and approving the named “personal representative” so that he or she can settle...
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Lunch & Learn! Elder Law 101: Protecting Your Assets
On Tuesday, March 28, I’ll be making a presentation at The Allerton House at Harbor Park. I’ll be joined by Christine Lappas, Allerton House Sales Director.
Join us for lunch at 11:30 a.m. followed by an informative presentation at 12:00 to learn more about:
Health Care Proxy
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National Estate Planning Awareness Week Begins on October 17th
National Estate Planning Awareness Week was created to raise public awareness about the importance of proper planning and to dispel common myths. These myths include several that I have addressed in past articles, such as “Trusts are Only for Rich People” and “A Will is...
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Who Inherits Property In Massachusetts When a Person Dies “Intestate?”
When a person passes away without a will, a trust, or designated beneficiaries, the decedent’s assets are distributed according to what is called “intestate succession.” In this situation, “who gets what” follows strict guidelines established by the Commonwealth of Massachusetts. These guidelines can lead to unexpected consequences, even in relatively common scenarios....
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“Live Well, Age Well” Education Series with Norwell Senior Center
Live Well, Age WellEducation Series with Norwell Council on Aging
None of us can escape aging, but the choices we make throughout life can influence how well we live as we age. The Norwell Council on Aging is excited to begin the “Live Well, Age Well” initiative, offering a...
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My Loved One Died. Do I Need to Probate a Will?
When someone dies and has a will, the obvious question is, “What do I do now?”
The best thing to do is to see a lawyer who specializes in estate planning and probate. You will bring to that meeting everything you can find about the deceased’s assets and finances: deed, mortgage papers, bank statements, brokerage...
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