Many people are familiar with the terms “will” and “trust,” however, they don’t exactly know the difference, nor do they know which is more appropriate to address their needs. Being proactive with your financial planning and asset protection is the first step to taking care of your assets and your family when you pass. The […]
When someone close to you dies it can often be an overwhelming experience. We have created a checklist to use when a person dies to help guide you through this difficult process click here to download. Please call our office for specific advice when needed.
Yesterday’s post got me thinking more about why it’s important to have a plan in place if you have young children. Estate planning allows parents to plan for who will care for their children and how they are cared for, ensures their property will pass to whom they want, the way they want and when […]
Client’s often tell me that they have named their spouse as the beneficiary of their life insurance policy and then their child as the backup beneficiary. This is very common. There are a few things to consider if you currently have your beneficiaries listed this way. If your child is a minor when the second […]
Yes. Massachusetts has an estate tax. If you are feeling motivated here is the Massachusetts Department of Revenue Guide to the estate tax http://www.mass.gov/dor/individuals/taxpayer-help-and-resources/tax-guides/estate-tax-information/estate-tax-guide.html.
