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Law Blog
January 23, 2014
|Posted by
CHWM |Irrevocable trusts are advantageous in many ways, but they can also be notoriously difficult to adjust and change. However, a specific estate planning tool known as decanting is gaining popularity with people who wish to adjust and improve the terms of their trust.
January 15, 2014
|Posted by
CHWM |The Consumer Financial Protection Bureau has established some guidelines for people that have suddenly found themselves in the role of managing another person's finances. Residents of Massachusetts might not think that this an issue they'll need to face in the near future; however, the CFPB states that there are around 22 million people over the age of 60 that have already handed over their finances to someone else. With millions of baby boomers reaching and surpassing retirement age, younger people may find themselves taking on a financial caretaker role sooner than they anticipate.
January 09, 2014
|Posted by
CHWM |Writing a will is considered to be one of the best ways to ensure that your assets are distributed to your loved ones, exactly as you intend, at the time of your death. For most people, federal estate taxes aren't an issue to be worried about, because only those with taxable gifts exceeding $5.25 million, for those who pass away in 2013, need to file a Federal Estate Tax Return, as provided by the IRS. However, some states impose an additional State Estate Tax, often for those who have $1 million or less to distribute upon death.
What Rights Do Donors Have Over Donor-Advised Funds?
01 - 02 - 2020
|Posted by
Christopher Mitchell|Estate Plans Need To Change Over Time
12 - 11 - 2019
|Posted by
Marvin Silver|
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