First off, congratulations! In my practice, I meet far too many people who put off making financial plans for their future (“I’m still working. I don’t need to think about that yet.”), a decision they regret when something unforeseen happens or they haven’t considered inheritance implications. When preparing for the future, there is no time […]
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A life estate is an interest in real property for the duration of a person’s life, that person is known as the “life tenant.” The life estate ends at death and ownership of the property then passes to a “remainderman.” In the case below, the Massachusetts Appeals Court discusses what happens when the remainderman predeceases […]
by James Rudolph You may have planned for your heirs to inherit your life savings, real estate assets, artwork, or even the box of photographs under your bed, but have you considered how you will handle your digital assets? Today, bank records are often entirely electronic, most correspondence is done through email or text message, […]
by Robert P. Rudolph Turning 18 is an exciting time in every child’s life. Adulthood comes with increased freedom to make independent decisions. However, something all parents should consider when their child turns 18 is having the child execute (i) a durable power of attorney; (ii) a health care proxy; and (iii) a health care […]
A recent decision by the US Bankruptcy Court has invalidated certain so-called “Homestead” protections in real estate that will likely affect many Massachusetts residents. First, a little background:
By Ashley M. Green, Esq. Understanding the New Massachusetts Uniform Probate Code After almost 20 years of debate, new legislation has brought about significant changes to the probate process and procedure which will affect almost every family in the Commonwealth. Many of these new provisions concern intestacy laws, which are laws that govern who receives […]
