Our above headline leading off today’s post certainly doesn’t apply to all — or even most – Massachusetts estate planners. Indeed, the majority of individuals in the Bay State and nationally work for businesses they themselves do not own. Having said that, though, the enduring American entrepreneurial spirit virtually ensures that many people do strike …
Your estate plan needs to address your Massachusetts business Read More »
Out with the old, in with the new. That adage certainly applies in January and the early months of any new year for legions of Americans focused on revising and updating select elements of their lives. For some, the focus might be on nothing more than a renewed determination to declutter, be more assertive at …
Should the New Year trigger new thoughts re your estate planning? Read More »
In chronicling the inventory of a comparatively high-asset life for its eventual transfer to heirs via your projected estate plan, you’ve perhaps accounted for that coin collection that your youngest child was always fascinated with. Ditto the fine china and silverware that has been in your family for generations, the cabin up north, and numerous …
Just how many heirs are looking at that art hanging on the wall? Read More »
We’re all different, yet all the same. Likely you’ve heard some closely paraphrased version of that thought. Seemingly, it applies to just about everything in life and cuts across national boundaries to embrace the mindsets and aspirations of people all across the globe. Put another way: Regarding most important things, Swedes are no different than …
Global perspective: reflections on end-of-life matters Read More »
There is a sizable checklist of “things to do” for many estate planners that ranges widely from will/trust execution and heir/beneficiary designations to inheritances and health care-related instructions. In almost all cases, say multiple commentators in a recent article focused upon financial management in the estate planning realm, that bulleted list should also have this …
Cleaning your financial house for future generations Read More »
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, …
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 …
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 »
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