A properly funded trust allows you to avoid probate, minimize taxes, provides organization, maintains control, and provides for yourself and your heirs. In its most simple terms, a trust is a book of instructions wherein you tell your trusted people what to do, when....
Trusts
NAELA Nuggets
As many of my readers and clients know, continuing legal education and keeping up-to-date on legal change is important to me and more specially to my clients who benefit by it. I regularly attend meetings of the Massachusetts branch of the National Academy of Elder...
10 Types of Trusts: A Quick Look
Considering the myriad of trusts available, creating the right estate plan can seem daunting. However, that is what we, as estate planning attorneys, do every day. We know the laws and will design a plan which addresses your specific situation. Here is a look at the...
Have You Chosen the Right Trustee?
Whether you are reviewing your existing trust or creating a new trust, you should understand the important role that a trustee plays not only in handling trust matters but also in providing for and protecting your loved ones. What is a trust? A trust is an agreement...
Generation Skipping Trust (GST) Exemption
A Generation Skipping Trust (GST) is a fiduciary arrangement that is used to pass down assets and property to a later generation. A GST tax is imposed on transfers to grandchildren and more remote descendants that exceed the exemption limits ($12,060,000). The...
Am I Protected if My Assets Are In a Trust?
Many of our clients start with what we call a living trust or a revocable living trust. But is that enough? While these trusts are great for their intended purpose, they do not offer true asset protection. Contrary to popular belief, you will not be protected simply...