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Asbestos Settlements Go to Heirs

Estate administration generally involves working to ensure that assets of an estate are allocated according to the wishes of the deceased. In some cases, administration of an estate can involve more complex duties, such as when a business or charity is involved. In one case in another state, administrators are dealing with the settlement of lawsuits related to asbestos injuries.

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Generosity Might Come with Unintended Consequences

Whether you want to provide for your heirs now or in the future, there are usually financial consequences related to how you go about distributing your assets. You can do so in the form of estate planning, which involves creating documents such as wills and legal vehicles such as trusts to establish how your assets are handled after your death. In some cases, you might want to pass on some assets prior to your death, but if you aren't careful, you could end up with a tax bill for your trouble.

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Massachusetts Probate Cases Require Many Forms

When dealing with a probate case in Massachusetts, you have to handle a lot of paperwork. First, there's the paperwork associated with the estate, including wills, trust documents, and insurance policies. Once you get everything together, however, you aren't done with the paperwork.

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