Once upon a time, I was a young newlywed. My spouse and I always assumed that because we had no money, no kids, and were married, we were each other’s heirs. We had numerous conversations about how neither of us needed a will...more
Many people default to nominating a spouse or a child as personal representative of their estate or trustee of their trust, if they have one. However, when one has neither a spouse nor a child, who should one choose to fill...more
10/13/2023
/ Asset Management ,
Beneficiaries ,
Estate Claims ,
Estate Planning ,
Family Members ,
Fiduciary ,
Inheritance ,
Successors ,
Trustees ,
Trusts ,
Wills
Many trusts are established with the goal of protecting assets and ensuring the longevity of those assets for future generations. A trustee then may wonder if they have the authority to withhold money from a beneficiary who...more
Picture this: your great aunt has died and left you and your brother each one million dollars, her entire estate, in a will. Great, right? Now imagine that your brother never appreciated your great aunt during her lifetime,...more
12/15/2022
/ Asset Management ,
Beneficiaries ,
Conflict Resolution ,
Estate Claims ,
Estate Planning ,
Family Members ,
Fiduciary ,
Inheritance ,
Trust Administration ,
Trusts ,
Wills
It is a common misconception that if a person has a will, there will be no need for court proceedings upon their death. In Massachusetts, however, a will must always be admitted to probate, a process requiring various forms...more
9/2/2022
/ Asset Management ,
Beneficiaries ,
Estate Claims ,
Estate Planning ,
Family Members ,
Fiduciary ,
Financial Planning ,
Inheritance ,
Trust Administration ,
Trusts ,
Wealth Management ,
Wills
Picture this: your beloved grandfather hands out cash gifts to his three grandchildren every year on their birthdays. Each grandchild receives $100 every year like clockwork. Then, one year, your grandfather gives your cousin...more