Some Massachusetts estates need to be probated, and others don’t. What accounts for the difference? That query actually drives this fundamental question: What is probate? Probate administration in Massachusetts and other states is a process that focuses on a number of matters relevant to property, the rights of heirs, estate debt, taxes and related issues. …
Probate often cited in estate planning: What exactly is it? Read More »
A commentator in a recent article addressing estate administration makes an interesting point regarding planning. On the one hand, she notes, few of us would simply embark on a vacation trip without giving some advance thought to our schedule, itinerary, booking specifics and so forth. We generally like to eliminate the unknown to some degree, …
If you’re a parent, planning for your child’s future is paramount. Having your estate in order to allocate assets and establish guardianship in your absence is a prudent measure, but some parents have unique situations to consider. If you have a special needs child that’s nearing the age of 18, you may need to look …
Pondering guardianship when your special needs child turns 18 Read More »
At The Law Offices of Kimberly Butler Rainen in Andover, we believe in providing comprehensive estate planning services that cover a wide range of needs. Estate administration encompasses various aspects, including asset preservation, tax strategies, heir designations, and distributions. It also involves areas such as charitable giving, guardian and conservatorship appointments, as well as will …
“Lengthy, laborious and complex.” That is how we termed the duties of many estate executors in a recent blog post focused on that important role. Indeed, we noted in our October 13 blog entry that “many executors find that what they thought would be a relatively quick and painless process is, well, not.” That reality …
Managing an estate as executor: a few things to consider Read More »
As noted by a contributor to a recent national piece on estate administration, the planning inclination for many individuals and couples is dulled by narrowly focused objectives regarding their kids. More specifically, that means this, as posed in the form of a rhetorical query: If my children all get along and I’m simply leaving everything …
Estate plan musing: how to begin thinking about things Read More »
Forbes writer Nancy Anderson has inside knowledge when she relates the tale of a financial planner who failed for years to note — and amend — a key estate planning recommendation she had once made but long since forgotten about. Because the advice she rendered was to herself. When she was younger and newly divorced, …
Why periodically revisiting your estate plan is essential Read More »
Having children forces difficult conversations. When you have children, it’s hard to think about some of those long talks you’ll have over the years: about dating, bad news and life choices. But you also know that it’s important to sit down and be open about your beliefs because the alternative is even worse. Guardianship is …
If you read the above headline to today’s blog before diving into the body of this post, you’re likely ready now to immediately confront a bunch of “well, maybe, but maybe not” language. So, we won’t disappoint you. Whether or not you should purchase so-called LTC coverage for your senior years, well … it depends. …
Will a long-term-care insurance policy make sense for you? Read More »
Things have gone from steadily bad to persistently worse in the realm of interaction between principal players in estate matters surrounding exalted pop music legend Prince. The so-called Purple One died unexpectedly last year in April. Since then, his multi-million-dollar estate of varied realty holdings, vast musical creations, artwork, investments and other assets has been …
Heirs of musical icon Prince want estate administrator removed now Read More »
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