It may sound like a great idea to trans- fer your home or vacation home to your children’s names so that the property isn’t subject to Medicaid or estate taxes. But before you do this, it is important to sit down and really think it out. Are there any pitfalls in doing this? Is there… Read More »
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Why is Doing a Will Important ?
Intestacy and the New Massachusetts Uniform Probate Code By Tiffany A. O’Connell, Esq., LLM With the full enactment of the Massachusetts Uniform Probate Code (MUPC), G.L. c. 190B, on March 31, 2012, the legal community has been abuzz with how to administer estates under the new law . The MUPC was enacted i n order… Read More »
Funding Your Client’s Publicly Traded Stocks, Bonds and Investment Accounts
This article is a continuation of a series of “how tos” for funding various types of assets. The scope of this article will review how to fund publicly traded stocks, bonds and investment accounts to a client’s revocable living trust. Stock If your client has a stock certificate, the stock can be transferred to the… Read More »
Funding Your Client’s Cash Accounts
We have been taught as attorneys to prepare and execute well-designed and effective estate planning documents for clients. But once the ink has dried, does the client have an estate plan that works for them? I respectfully submit that they do not. An estate plan does not properly work for the client until the client’s… Read More »