Will
"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…
Read MoreThings 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…
Read MoreThe Will of a Professional: Have an Estate Planning Attorney Draw up Your Will
Estate planning is one of the things that everyone knows they should do, but many people continue to put off until it is too late. Without a will, you forfeit the right to specify how your assets are passed down. In such cases, the state decides how your property will be distributed. Many individuals think…
Read MoreNo 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…
Read MoreEstate 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…
Read MoreThe 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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