Business succession planning is an essential part of estate planning for business owners in Massachusetts. Too often, families in Gloucester, Rockport, Manchester By The Sea, Beverly, and across Essex County wait until a crisis to consider what will happen to their businesses. The lack of a clear succession plan can lead to family disputes, tax […]
As technology becomes part of nearly every aspect of life, estate planning in Massachusetts must address more than homes, bank accounts, and retirement plans. Today, most people hold important digital property—from email accounts and social media profiles to cryptocurrency wallets and cloud-stored photographs. Without clear legal planning, family members can be left locked out of […]
Estate planning in Massachusetts requires careful thought about how your assets will be managed and distributed. Many of our clients in Gloucester, Rockport, Manchester By The Sea, Beverly, and throughout Essex County come to us with one common concern: avoiding probate. Probate is the court-supervised process of transferring assets after death under Massachusetts General Laws […]
As estate planning attorneys serving Gloucester, Rockport, Manchester by the Sea, Beverly, and across the North Shore, we are frequently asked whether a revocable living trust guarantees that a family will not face probate in Massachusetts. While trusts are powerful tools, the answer is more nuanced. A properly funded revocable trust can help your loved […]
As estate planning attorneys serving Gloucester, Rockport, Manchester by the Sea, Beverly, and communities throughout the North Shore and Essex County, we know that one of the most frequent questions clients ask is how a revocable living trust is taxed. Revocable trusts are popular because they help families avoid probate, provide privacy, and allow for […]
Many residents across Gloucester, Rockport, Manchester by the Sea, Beverly, and the entire North Shore ask us a common question: “If I have a revocable living trust, do I still need a will?” The short answer is yes. Even though a trust provides significant advantages—such as probate avoidance, privacy, and smoother asset management—a will remains […]
Many Massachusetts families choose a revocable living trust because it offers flexibility, privacy, and smoother administration of assets. One of the biggest advantages of this type of trust is that it can be changed or even canceled during your lifetime, as long as you have legal capacity. We are often asked by clients in Gloucester, […]
Creating a revocable living trust is one of the most common estate planning strategies we use for families and individuals in Massachusetts. Many of our clients from Gloucester, Rockport, Manchester By The Sea, Beverly, and across the North Shore often ask the same question: “Can I serve as my own trustee of a revocable living […]
As estate planning attorneys serving Gloucester, Rockport, Manchester by the Sea, Beverly, and throughout the North Shore, we often hear clients ask whether they can serve as the trustee of their own trust. The short answer is yes—in most cases, you can be your own trustee in Massachusetts, but it is important to understand exactly […]
As estate planning attorneys serving Gloucester, Rockport, Manchester by the Sea, Beverly, and throughout the North Shore, we often hear clients ask whether they can serve as the trustee of their own trust. The short answer is yes—in most cases, you can be your own trustee in Massachusetts, but it is important to understand exactly […]
