Estate Planning for Surviving Spouses

When a spouse passes away, a lot of attention goes to administering their estate. But if you’re a surviving spouse, it’s also important for you to focus on your own estate planning documents as soon as you can. You need to make sure you’re protected during your lifetime and that your wishes will be carried…

Continue reading…

The Importance of Estate Planning for Unmarried Couples

Married couples have certain legal rights that unmarried couples don’t have. In Massachusetts, if you’re married and you pass away without having done any estate planning, your assets will be distributed according to the laws of intestacy. This means that your spouse will receive a portion, or all, of your assets depending on what other…

Continue reading…

The Advantages of Setting Up a Family Trust

Family trusts are designed to protect your assets and benefit your family members beyond your lifetime. A family trust, also known as a revocable living trust, is a legal document that takes legal title to your assets (e.g., investments, bank accounts, real estate, vehicles, and valuable personal property) during your lifetime. It also details the…

Continue reading…

What is an AB Trust?

A trust is a legal document that can take legal title to your assets, like investments, bank accounts, real estate, vehicles, and valuable personal property. An AB trust, also called a credit shelter trust, is designed to minimize estate taxes for married couples by splitting into two trusts upon the first spouse’s death. The Massachusetts…

Continue reading…