Roth IRAs can be a great planning strategy. They can save taxes and help in many ways. Read on to learn more. … [Read more...] about Roth IRAs Can Be a Great Planning Strategy: Basics
Trust Distribution Standards May Be Very Broad
Trustee distribution standards could be very broad. “Health, education, maintenance, and support” is such a standard, which has its origin in tax regulations. Read on to learn more. … [Read more...] about Trust Distribution Standards May Be Very Broad
Do All Assets Go through Probate?
Most people become involved in the probate of an estate at some point during their lives. Your involvement may be the result of being named, or volunteering, to oversee the probate of the estate of a loved one who passed away. You might also be named as a beneficiary, or be a legal heir, of the estate of a recently deceased family member. Regardless of the reason for your involvement in the probate of an estate, you will want to know as much as possible about the process. Knowledge about the … [Read more...] about Do All Assets Go through Probate?
Estate Planning Conference Discusses “For the 99.5% Act,” SECURE, and More
The Heckerling conference, the largest conference for Estate Planning in the country, occurred recently. Many of the thought leaders in Estate Planning and Elder Law got together and discussed recent developments and new strategies. Read on to learn more. … [Read more...] about Estate Planning Conference Discusses “For the 99.5% Act,” SECURE, and More
Learning and Camaraderie at the Academy Summit
The Academy takes learning seriously. The Academy’s Spring Summit included numerous substantive legal education sessions, as well as sessions on marketing and law office management. The virtual conference also included opportunities for networking and fun. Read on to learn more. … [Read more...] about Learning and Camaraderie at the Academy Summit
ABLE Accounts Complement Special Needs Trusts
ABLE accounts are a nice, flexible way to supplement the usefulness of a Special Needs Trust. But certain limits apply. Read on to learn more. … [Read more...] about ABLE Accounts Complement Special Needs Trusts
Plan Now for the Incredible Shrinking Exclusion
There is a great deal of legislation pending and much is uncertain. But this much is certain, the estate tax exclusion will go down by half beginning 2026 under current law. Now is the time to plan for your clients and yourself. Read on to learn more. … [Read more...] about Plan Now for the Incredible Shrinking Exclusion
8 Questions to Ask When Choosing Your Executor
When you create your estate plan, one of the most important considerations should be deciding who will oversee the probate of your estate. This decision is made in your Last Will and Testament when you appoint an Executor. The Woburn estate planning attorneys at Legacy Care Law Firm suggest eight questions to ask when choosing the Executor for your estate. What Does an Executor Do? The person you appoint as Executor in your Will is responsible for administering your estate. Usually, that … [Read more...] about 8 Questions to Ask When Choosing Your Executor
What Happens When You Die Without a Will in Massachusetts?
You have undoubtedly been told by well-meaning friends and family member how important it is to execute a Last Will and Testament. Unless you understand why that is so important, however, you may lack sufficient motivation to get started on your Will. The Massachusetts estate planning attorneys at Legacy Care Law Firm want you to know what happens if you die without a Will. What Is a Last Will and Testament? A Last Will and Testament is a legal document that allows the Testator (the person … [Read more...] about What Happens When You Die Without a Will in Massachusetts?
Can a Living Trust Protect Against Incapacity?
Creating a comprehensive estate plan to ensure that your estate assets are distributed according to your wishes is certainly important. What you may not realize, however, is that planning for the possibility of your own incapacity is equally important. The North Andover trust attorneys at Legacy Care Law Firm explain how incorporating a living trust into your overall estate plan can help protect against incapacity. Why Is Incapacity Planning Important? People view the possibility of … [Read more...] about Can a Living Trust Protect Against Incapacity?
