"Inheriting a Home, and a Loan"

We’ve discussed estate taxes quite a bit on this blog, because it can be a contentious and politicized topic; but while the word “inheritance” has a wealthy ring to it, most bequests come with strings attached. Estate taxes and  the ways to “avoid” them are applicable to the minority. According to the Census Bureau, for…

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Things You Need to Know about Making a Will

For most people creating a will doesn’t need to be a complicated process.  Here are a few basics steps that must be taken when you’re creating a will with your estate planning lawyer. The first thing to think about is in relation to possessions.  People typically remember to include large possessions like homes and bank accounts during…

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No Contest Clauses (in terrorem clauses)

In Massachusetts, a no-contest clause is given full force and effect.  Therefore, if the settlor so chooses, a clause can be included in a will to disinherit an heir who attempts to challenge the will’s provisions.  But be aware: if a trust is set up, such a clause should be included in each separate document…

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Estate Planning Advice for Seniors

If you’re a senior and you have yet to write your will, you should do so as soon as possible. It is common that will contests arise when the testator was elderly and sick at the time of will execution.  This is because in order to be a validly executed will, the testator must have…

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The Importance of Having a Will

Having a will promotes peace of mind and satisfaction during life. It gives us the comfort of knowing that upon our death, our property will be disposed of as we see fit. Many of us make the mistake of putting off writing a will because it forces us to confront our own mortality. However, it…

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