grandchild and grandparent

5 Ways to Gift Money to Your Grandchildren

The relationship between a grandparent and a grandchild is a very special one. As a grandparent, you want to do what you can to give your grandchild a good life. Many grandparents want to give money to their grandchildren to help them in one way or another. The good news is that giving away the…

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Massachusetts estate tax

How Can I Avoid the Massachusetts Estate Tax?

Massachusetts imposes an estate tax on all estates with assets of more than $1 million. The Massachusetts Department of Revenue says that you have to file an estate tax return and pay estate tax if the gross estate exceeds $1 million, including adjusted taxable gifts.  If you want to get around paying estate tax to…

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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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