When a person passes away, their estate does not just include assets to be distributed to heirs; it may also involve debts that need settling. If you are the executor of your loved one’s estate, handling debts will be your responsibility. Creditor claims in probate...
Trust administration can be complex, requiring careful management and attention to detail. Grantors typically create trusts to provide for their loved ones and make sure that the distribution of their assets is according to their wishes. However, as with any complex...
A robust estate plan may include a number of documents in addition to a will. Some people establish trusts to help themselves qualify for benefits as they age or protect their assets from attempts at debt collection later in life. People may also draft documents to...
Losing a loved one is difficult and questions about their will can add to your stress. As a beneficiary in Massachusetts, you have obligations and rights during probate, including the ability to challenge a will under specific circumstances. During probate,...
Losing a loved one is always an emotional and difficult time. As you begin to sort through their belongings and handle their estate, you may find yourself encountering unexpected challenges regarding their will or trust. Perhaps the will differs significantly from...
As we age, we can’t help but find ourselves planning for the future. This often leads to people setting up an estate plan. The success of its implementation relies heavily on the executor. However, the responsibility of managing an estate can sometimes lead to complex...
Most people put a lot of thought and consideration into their estate plans. They want what they leave behind for loved ones to have a positive impact. They may achieve that goal by naming specific family members as their beneficiaries. Typically, those with estate...
Those who have an estate plan on record are already ahead of the curve. A majority of adults in the United States do not currently have any estate planning paperwork on record. If they die, their families may need to undergo intestate succession proceedings because of...
When creating a trust, there are multiple roles with various functions, all essential to solidify the legal arrangement. Specifically, the trustee has many obligations involving management of the trust and prioritizing the interests of its beneficiaries. If they...
Creating a last will is an important step in securing your legacy. Doing this puts your mind at ease that even if you die unexpectedly, you can distribute your assets according to your wishes. However, even if you can state all your demands clearly, you cannot be sure...
