It is essential to choose a qualified trustee because this person (or institution) is responsible for carrying out your wishes and protecting your trust’s assets.
The law requires a trustee to be a legally competent adult, that is, a person 18 or over capable of managing his or her affairs. Other than that...
Estate Planning Myth #1: Trusts are Only for “Rich” People
There are so many myths and misconceptions about estate planning that I feel compelled to dispel some of them in this forum. Consider, for example, the myth that trusts are only for the wealthiest of families, the so-called “one percent.” In truth, there are many different types of trusts, capable of helping...
Preserving Family Harmony: Who Should Administer Your Loved One’s Special Needs Trust?
If you have a loved one with special needs, you know the importance of protecting his or her eligibility for essential government benefits like MassHealth and Supplemental Security Income (SSI). You also know that these benefits alone are not enough to give your loved one the highest possible quality of life.
“Live Well, Age Well” Education Series with Norwell Senior Center
Live Well, Age Well
Education Series with Norwell Council on Aging
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Education 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...
Should I Have a Trust?
I hear this question a lot when I teach seminars. If you’ve been to a seminar, you have heard me say that “trusts come in many flavors.” There are all sorts of trusts, and whether you should have one depends entirely on your situation. I would say that about one-third of my clients need...
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Elder Care Workshop Series at Norwell Public Library
Getting older? Taking care of someone who is? Come to this three-part series to learn some helpful tips from local Elder Services professionals.
Wednesday, March 8:
“Who Can Help Me?”
Find out how to access elder services in your community.
Presented by Susan Curtin, Director at Norwell Council on Aging.
“Elder Law 101”
Get to know the basics...
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Set Up a Self-Settled Special Needs Trust for Your Child Now
If you have already established a “third-party special needs trust” for your child – that’s the one that will receive her share of your estate when you pass away – congratulations. Now it’s time to set up a “self-settled” special needs trust. This trust will be a depository for any of your child’s own...
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A Family Only Needs One Special Needs Trust
Have you set up a Special Needs Trust (SNT) to receive your disabled child’s share of your estate when you die? Are there other family members who might also want to leave something to your disabled child, for example grandparents or a doting uncle? Or even non-family members, such as god-parents or very close...
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