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Your Real Estate and Owner’s Title Insurance

The most valuable asset many clients own is their primary residence and/or vacation home. One “tool” in the estate planner’s toolbox to effectively avoid the time-consuming and expensive probate process at an owner’s death is to transfer or “convey” real estate into a Trust. However, such a conveyance should be completed with caution to ensure […]

Options to Protect the Primary Residence from Long-Term Care Costs

If you are following along with the irrevocable trust saga, you know that on January 5, 2017, the Supreme Judicial Court heard oral argument on two irrevocable income only trusts where the MassHealth applicant placed his or her primary residence into the trust prior to applying for nursing home benefits.  It was incredible to watch […]

Happy Anniversary to the Massachusetts Estate Tax!

As a follow-up to my July 2016 blog commemorating the 100th anniversary of the federal estate tax, and as promised in that post (and better late than never), we are recognizing the less-significant-but-still-worth-commemorating 40th anniversary of the Massachusetts Estate Tax. The Massachusetts estate tax, like the federal estate tax, is a transfer tax that taxes […]

Five (Good) Reasons to Treat your Children Differently in Your Estate Plan

  A while back, I wrote an article that focused on some of the reasons clients give for deciding to treat their children differently in their Wills and why.  In my experience, those reasons were usually not worth the problems that arose from those decisions (i.e Will contests, damaged family relationships, etc.).  I called that […]

Time for the Big Leagues—Irrevocable Trusts Get Called Up to the SJC

After more than half a decade of uncertainly and speculation surrounding irrevocable income only trusts in the MassHealth context, the highest court in Massachusetts has decided to weigh in on the debate in deciding to review the Nadeau and Daley cases.  Hopefully a decision from the Supreme Judicial Court (SJC) sometime next spring will finally […]

Five Reasons to Plan if your Estate is More than $1 Million

Estate planning is important for every adult regardless of the size of your personal fortune.  If your estate is more than $1 million, you have additional planning concerns and goals to address.  When you consider the high real estate values in Massachusetts and the recent stock market trends, estates of $1 million or more are […]