What Is an Incentive Trust?

An incentive trust is designed to encourage or discourage certain behaviors by your beneficiaries by distributing trust income or principal as an incentive. The trustee will only give your beneficiaries funds from the trust when they do what you’ve specified. Or specific actions could disqualify a beneficiary for receiving funds or lower the amount they…

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Free Online Estate Planning Workshop

Tuesday, Feb. 9 at 2 p.m. & Thursday, Feb. 11 at 6 p.m.  At the “How Estate Planning Can Protect You, Your Family, & Your Assets” educational workshop, Matthew Karr, Esq., founder and principal attorney of The Heritage Law Center, will explain the ins and outs of estate planning so they’re easy to understand. Plus,…

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How an Elder Law Attorney Can Help You

An elder law attorney focuses on the legal needs of seniors. As an elder law firm in Massachusetts, we work with a variety of legal tools and techniques that specifically meet the goals and objectives of our older clients. What can an elder law attorney do for you? We have the expertise and knowledge to…

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father discussing irrevocable life insurance trust

5 Reasons for an Irrevocable Life Insurance Trust

In Massachusetts, trusts help many people protect their assets and leave a financial legacy for their heirs. When deciding whether an irrevocable life insurance trust is right for you, it’s a good idea to consult an experienced Massachusetts estate planning attorney. After becoming familiar with your unique circumstances, a knowledgeable trust attorney will be able to…

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charitable giving

Gifting and Charitable Giving

There are many ways to incorporate gifting and charitable giving into your estate plan. People often make gifts and charitable giving through their estate plan to reduce tax liability for themselves, their estate, and the heirs. This type of planning can also set up a legacy of charitable gifting for future generations. A Massachusetts estate…

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4 Tips for Solo Seniors

When an older adult lives with their extended family, like they often do when they reside outside of the U.S., there’s a support system built right into their daily life. However, that kind of support system isn’t there for older adults in the U.S. who live on their own. Seniors in the U.S. who don’t…

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Estate Planning for Single People

If you’re single, you might think that estate planning is only for married couples or people with children. But the truth is that estate planning is just as important for you as a single person. You might think that if you don’t do a will that your family or friends can just divide up your assets the…

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