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Estate Planning

An Explanation of Special Needs Trusts for Massachusetts Parents

Parents of special needs children understand the difficulty in remaining financially stable while raising their child. One problem that many run into is how to provide their child with money without affecting their ability to qualify for some government assistance programs such as Social Security and Medicare. At a certain income level, a person is disqualified from these programs, but through a special needs trust, parents can avoid this issue.

Estate Planning for People in Their 30s

Massachusetts residents who are in their 30s might be interested to learn about some important estate planning moves that they can make now. Although most people at this age are not thinking about death, getting a basic estate plan in order early could be a smart move.

What Powers Does a Trust Fiduciary Have?

In Massachusetts, a fiduciary is defined as an individual, bank, trust company or corporation that charges clients for administering a trust or an estate. Furthermore, the entity or individual must have gross annual compensation for all of its fiduciary services that is more than $25,000 for the last three years.

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