All articles below are published in the South Shore Senior News.

To read an article, please click on its title.

  • Don’t spread your loot among lots of banks – here’s why
    on March 29, 2024

    By Alexis Levitt Lately I’ve been seeing clients who have spread their accounts over many different banks. My sense is that people do this over time, chasing good interest rates, and not exactly meaning to have so many banks in the mix. Maxing out interest rates is, of course, an excellent goal and a fun

  • The $2-million question: Do I have to pay estate taxes?
    on February 1, 2024

    By Alexis Levitt If a loved one just died, there are many steps to attend to; one very important task is to determine if their estate exceeds $2 million, and if so, you need to proceed carefully.To figure out if an estate is over $2 million, you need to look at everything that the decedent

  • What happens when there is not enough money to pay all the creditors of a probate estate?
    on December 29, 2023

    By Alexis Levitt This is an uncomfortable but frequent scenario: Someone dies, and there are simply not enough assets in the estate to pay all the creditors, never mind distribute anything to the heirs. There are clear laws covering this situation.  Bills of insufficient estates are paid in this order: 1. Costs and expenses of

  • How Do We Pay Bills When Our Loved One’s Bank Accounts are Stuck in Probate?
    on November 28, 2023

    By Alexis Levitt, Esq. This is a very common scenario: Someone dies, no one can get into their bank accounts, and yet there are bills to be paid. That includes home utilities, real estate taxes, medical bills, the probate attorney’s retainer, and more.Usually, there is someone in the family who will front the money. Later

  • Being an Executor of an Estate is a Lot of Work—Can You be Paid for Your Time?
    on October 1, 2023

    By Alexis Levitt, Esq. Yes, you can. And yes, being an executor—now called a personal representative—is definitely a lot of work. If you’ve hired an attorney, she will handle all the court documents, but there is still plenty of non-legal work for the personal representative to do. Various tasks that a personal representative does include: