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Essex County trust and estate lawyer

Can A Trust Own An LLC? An Essex County Trust and Estate Lawyer Explains

As an Essex County trust and estate lawyer, I’m frequently asked about the intersection of trusts and business entities, particularly LLCs. The short answer is yes, a trust can own an LLC, but the details matter significantly. This ownership structure can offer valuable benefits for asset protection, tax planning, and succession planning when implemented correctly. …

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Kimberly Butler Rainen Recognized as 2025 Five Star Investment Professional

Andover, MA – March 2025 – The Law Offices of Kimberly Butler Rainen is proud to announce that Attorney Kimberly Butler Rainen has been named a 2025 Five Star Investment Professional. This prestigious recognition, featured in Boston Magazine and Fortune, highlights professionals who demonstrate excellence in the financial industry, including estate planning attorneys. “I am …

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Andover trust attorney

Beyond the Will: Why Trusts Matter for Families with Kids | An Andover Trust Attorney Explains

As an Andover trust attorney, I’ve guided countless parents through creating comprehensive estate plans. While most understand the importance of having a will, many aren’t aware that this document alone may not provide the protection their children need. Trusts offer powerful benefits that go far beyond what a basic will can accomplish, especially for families …

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North Shore will lawyer

A North Shore Will Lawyer’s Guide: Protecting Your Children When You’re a Single or Divorced Parent

As a North Shore will lawyer working with single and divorced parents, I’ve witnessed the deep emotional weight that guardianship decisions carry. The thought of someone else raising your children is heart-wrenching, yet planning for this possibility is one of the most profound acts of love you can offer them. The Unique Vulnerability of Single …

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North Shore trust lawyer

Does a Trustee Get Paid? A North Shore Trust Lawyer Explains Trustee Compensation

As you are setting up your trust and making the very important choice of who will serve as trustee, you may be wondering if this person will get paid for their services and how that is accomplished. Do your heirs have to pay them out of pocket? Let’s explore how trustee compensation typically works. Understanding …

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Andover estate planning attorney

Estate Planning for LGBTQ Couples: An Andover Estate Planning Attorney Explains How to Protect Your Rights and Choices

Estate planning is based on state and federal laws which are subject to change at any time. For many members of the LGBTQ community, that can be not only anxiety-provoking but a genuine concern when planning for the future. The good news is that having a comprehensive estate plan gives you control over how your …

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Andover trust lawyer

Are Properties in a Trust or LLC Covered by Insurance? An Andover Trust Lawyer Explains the Real Story

In the wake of recent natural disasters—especially devastating floods and the fires in California—many social media posts have claimed that if your property is held in a trust or LLC, it won’t be covered by insurance. This is not entirely accurate. While it is true that you can face coverage gaps if your trust or …

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Essex County will lawyer

Will vs. Pour-Over Will: What’s the Big Difference? An Essex County Will Lawyer Explains

As an Essex County will lawyer, I often find clients are puzzled by the term “pour-over will.” While both traditional wills and pour-over wills serve important purposes, they function quite differently in your estate plan. Understanding these differences is crucial for ensuring your assets are protected and distributed according to your wishes. Traditional Wills: The …

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Essex County estate planning

Can You Change Your Power of Attorney? An Essex County Estate Planning Lawyer Explains

One of the most common misconceptions about Powers of Attorney (POAs) is that they’re set in stone once signed. As an estate planning lawyer in Essex County, I often reassure clients that this isn’t the case. The truth is, you can change your mind about your POA as long as you have the mental capacity …

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Andover trust lawyer

Can I Put My House in a Trust if I Have a Mortgage? An Andover Trust Lawyer Explains

As a trust lawyer in Andover, I often hear this question from homeowners who want to protect their assets but worry that their mortgage might stand in the way. The good news? Having a mortgage doesn’t prevent you from putting your home in a trust, and the process is typically straightforward. The Truth About Mortgages …

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