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 …
Does a Trustee Get Paid? A North Shore Trust Lawyer Explains Trustee Compensation Read More »
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 …
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 …
Can I Put My House in a Trust if I Have a Mortgage? An Andover Trust Lawyer Explains Read More »
As Bitcoin and other cryptocurrencies reach unprecedented heights, more investors are entering the digital asset space. While the potential for returns is exciting, these investments present unique estate planning challenges that traditional assets don’t share. As a North Shore will and trust lawyer, I’ve seen how proper planning can mean the difference between preserving or …
As a trust lawyer in Andover, one of the most important conversations I have with parents of children with special needs is about succession planning for their child’s trust. While parents typically serve as initial trustees, choosing the right backup trustee is crucial for your child’s long-term security and care. Why Your Choice of Successor …
As a trust lawyer in Andover, I often encounter clients who need to make significant changes to their trust but aren’t sure whether to amend it or start from scratch. This is where a trust restatement comes in – a powerful but often overlooked solution that offers the best of both worlds. What Is a …
If you’re reading this, you’re likely facing one of life’s most challenging tasks: writing an obituary for someone you love. As an Essex County will and trust lawyer who has helped countless families through the grief process, I want to share some guidance to make this difficult task a little easier. Getting Started: The Essential …
How to Write an Obituary: A Step-by-Step Guide for Grieving Families in Essex County Read More »
Losing a loved one is never easy, and the situation can become even more stressful when you’re dealing with an out-of-state estate. If your loved one passed away in Essex County and you live elsewhere, you might be wondering about your next steps. As Essex County probate attorneys, we often hear this question: “Do I …
My Loved One Died in Essex County. Do I Need to Travel There to Deal with Their Will? Read More »
Let’s face it: we can’t always pick our family members. While we love our children unconditionally, their choice of spouse might sometimes leave us… shall we say, less than thrilled. It’s a tough pill to swallow, especially when you’re planning your estate. You want to leave an inheritance to your child, but what if their …
Protecting Your Legacy from In-Laws: A North Shore Trust Lawyer’s Guide Read More »
When it comes to estate planning, life insurance trusts are like the Swiss Army knives of the financial world – versatile and useful, but often misunderstood. As a trust attorney in Essex County, I’ve helped numerous families navigate the complexities of these powerful tools. Let’s break down what a life insurance trust is and when …
Understanding Life Insurance Trusts: A Trust Attorney in Essex County Explains Read More »
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