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Author Archives: Jay Butchko

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Do You Have To Withdraw The Money From A Retirement Account You Inherited?

By Fisher Law LLC |

Through proactive estate planning, a person can leave the remainder of their retirement accounts to their heirs. What happens when a retirement account is inherited? The short answer is that the IRS has specific rules and regulations in place that require timely withdrawals. At Fisher Law LLC, we have extensive estate tax planning experience…. Read More »

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Massachusetts

Estate Planning In Massachusetts: Guide To Stepchildren

By Fisher Law LLC |

Many people are part of blended families. Pew Research Center estimates that 40 percent of U.S. adults have at least one “step relationship”—it could be a stepparent, stepchild, stepsibling, or any combination. For those in step-families, there are major estate planning implications. It is crucial that you have the right strategy in place to… Read More »

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Estate Planning: Know The Right Way To Name A Guardian For A Minor Child

By Fisher Law LLC |

Are you a parent of a minor child? If so, it is imperative that you make provisions for your child as part of your estate plan—and this includes naming a guardian. As defined by the Massachusetts Court System, a guardianship is “is a legal process that gives the guardian authority to care for and… Read More »

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Report: Financial Ruin “Baked Into System” Due To Long-Term Care Costs (How You Can Prepare)

By Fisher Law LLC |

Recently, Kaiser Family Foundation (KFF) Health News reported that financial ruin is “baked into the system.” The core issue is that long-term care costs are eating away at the life savings of many people in the United States. It is a very challenging problem. At the same time, there are proactive steps that people… Read More »

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ShopOwnerThinking

The Top Four Estate Planning Mistakes Small Business Owners In Massachusetts Must Avoid

By Fisher Law LLC |

Small businesses make enormous contributions to our community. The Greater Boston Chamber of Commerce reports that there are more 700,000 small businesses in Massachusetts. If you are a small business owner, it is imperative that you have a comprehensive estate plan in place. At Fisher Law LLC, we help small business owners protect their… Read More »

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SpecNeedsTrust

Four Things You Should Know About Special Needs Trusts In Massachusetts

By Fisher Law LLC |

Do you have a child or grandchild with special needs? If so, it is important to make additional considerations for him or her as part of your estate plan. A Special Needs Trust is a very valuable estate planning tool to help families support vulnerable loved ones without inadvertently causing them the loss of… Read More »

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What Is A Life Care Plan?

By Fisher Law LLC |

Estate planning is about a lot more than putting a few legal documents in place. It is about organizing all of your affairs so that you and your family are properly protected—no matter what tomorrow might bring. Life care planning is a specialized sub-category of estate planning focused on those who have—or are expected… Read More »

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Estate Planning: Three Benefits Of Setting Up A Charitable Remainder Trust

By Fisher Law LLC |

Do you want to leave money to charity as part of your estate plan? A Charitable Remainder Trust (CRT) may be your best option. The Internal Revenue Service (IRS) explains that a Charitable Remainder Trust is a type of irrevocable trust that allows you to “donate assets to charity and draw annual income for… Read More »

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An Overview Of The Big Five Estate Planning Documents

By Fisher Law LLC |

You are never too young to start estate planning. Every adult in Massachusetts can benefit from a plan that effectively protects their rights, interests, finances, and future. You may be wondering: How do I get started with estate planning? The best step that you can take is to set up a confidential initial consultation… Read More »

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Own Property In Multiple States? What You Need To Know About Recent Changes To The Massachusetts Estate Tax

By Fisher Law LLC |

The estate tax exemption in Massachusetts is far below the federal level. In fact, the Massachusetts estate tax exemption—$2 million—is one of the lowest in the entire country. Notably, the estate tax exemption recently doubled from $1 million. With that increase, came other changes—including a reform that impacts people who own property in other… Read More »

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