Any individual or family with an estate should stay up to date on the political climate as it pertains to estate taxes. Recently, a newly proposed tax bill that affects how estates and gifts are taxed was announced. Officially called the “For the 99.5 Percent Act,” the bill is also known as the “Bernie Bill” …
Many of us hear the word “estate” and immediately think of extremely wealthy individuals. However, every single person has an estate. Estates are considered to be all the things you own at the time of your passing or in the event that you become incapacitated. This can include everything from personal possessions such as the …
For so many people, the term “conservatorship” carries with it the idea that it strips all power and dignity from a person. Family members sometimes avoid considering conservatorship because they misunderstand it. While conservatorship is not a process to take lightly, it’s important to understand exactly what it includes before moving forward with it or …
All trusts are legal arrangements that allow for an estate’s assets to be passed from the creator of the trust to its beneficiaries relatively quickly and easily, often protecting your beneficiaries’ assets from certain kinds of claims or taxations. Trusts can provide a variety of benefits for your family after you are gone — and …
Congratulations on your marriage! We know that the first things you have in mind when you get married have nothing to do with estate planning; however, it is a good idea to tackle it sooner rather than later. In this article, we will talk about some essential estate planning issues you should address. Before we …
The Covid-19 pandemic has sparked a renewed and urgent interest in estate planning, including the creation, updating, and/or finalization of estate planning documents. In the past few weeks, our office has received a number of calls requesting us to review the estate plans people have made using online sites such as LegalZoom, Nolo, and LawDepot. …
Do-it-Yourself Estate Planning. Is it really worth it? Read More »
While we are all safe at home, a lot of things we took for granted just a few short weeks ago, have had to be sidelined until the current health situation has subsided. One of those things is the ability to go meet with your attorney, without fear of health risk. While we have been …
At The Law Offices of Kimberly Butler Rainen, we are changing the way we work with clients during this time, because as always, the health and well-being of our clients and employees are our top priority. In this time of ‘social distancing’ we are working remotely, offering telephone and videoconferencing to our clients. We have …
Sound estate planning for most individuals and families across Massachusetts is arguably about far more than simple will execution and a focus upon asset distribution. Although such a confined focus may be all that is deemed necessary in some instances, most people have planning concerns that require a crafted strategy across a broader dimension. A …
If the time comes, is a trusted party fully empowered to act? Read More »
An estate plan has the potential to leave a legacy or to leave a legendary fight. When done correctly, the assets of one person will transition seamlessly to loved ones, next of kin and younger generations. When done haphazardly, it can spawn fights and rekindle old disputes, putting sibling against sibling, children against parents, and …
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