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…

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What is Probate Litigation and How to Avoid It?

When a loved one passes away and has left a will, their estate must go through a court-managed proceeding called probate where the will is verified, a personal representative is appointed, and the assets are recorded and then distributed according to the will. If someone legally contests the will (raises a formal objection), it’s referred…

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Protecting Your Home When It’s in a Trust

Sometimes people put their homes into a trust as part of their overall estate plan, which can be a great tactic for many reasons. However, you have to keep in mind that this can cause some issues in regard to insuring your home. Most insurance companies will still insure your home completely, but you have…

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Will a simple Will do what you need it to do?

Estate planning attorneys often receive calls from potential clients requesting how much a simple Will costs. What they do not know is that a simple Will – also known as a “Last Will and Testament” – in many cases, does not provide the type of protection they need. A simple Will often cannot accomplish the…

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Our September Back-to-School Offer for You

If you have minor children and own your home, then this will be the most important Back-to-School preparation you do all year. Did you know that if you’re in an accident, your kids could be taken into protective custody until the police can figure out who has legal authority to take them, even if you’ve…

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Estate Planning for Minors: Retirement Plans

This week’s post on Retirement Plans is the fourth and final part in our back-to-school series, focusing on estate planning for minor children. To read week one’s post on Guardianship, please click here. For week two’s post on Asset Management, please click here. For week three’s post on Life Insurance, please click here Retirement accounts…

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