Category Archives: Estate Planning Attorney
529 Plans And Estate Planning: What They Are, Why They Are Useful, And How To Set One Up
The cost of college continues to rise. A parent, grandparent, aunt/uncle, or other person who cares about a child’s future, you may want to provide financial support to their education. A 529 plan is one of the most cost effective estate planning tools to support a child’s future education. In this article, our Boston… Read More »
Revising An Estate Plan: Should I Write A New Will From Scratch Or Revise My Existing Will?
Every adult needs a well-drafted Will. If you have one—which the AARP notes that 60 percent of adults do not—you are in a good position. That being said, an outdated Will may not effectively protect your best interests. You should review, and if needed, revise, your estate plan on a regular basis. This raises… Read More »
Where Should I Keep My Estate Plan?
Do you have an estate plan? You should. Unfortunately, CNBC cited data showing that two-thirds of American adults do not have one at all. You need a comprehensive, well-written, and properly crafted estate plan that is communicated to your closest loved ones. This raises an important question: Where should you keep your estate plan?… Read More »
Planning For Incapacity In Massachusetts A Checklist That You Can Use
A well-designed estate plan should be comprehensive. Among other things, that means planning for incapacity. While it can be uncomfortable for many people to think about, the reality is that there could come a day when you can no longer reasonably manage your own affairs. At Fisher Law LLC, we help people and families… Read More »
Do You Have To Pay Taxes On A House That You Inherited In Massachusetts?
For many people, because their house is their most valuable asset, it is the central or pivotal piece to their estate plan. . Real estate may be passed on to a child or another individual(s). What happens when someone inherits real estate in Massachusetts? Will they be required to pay taxes? Within this blog… Read More »
Can I Transfer Real Estate Into A Trust?
For many people, real estate is among their most valuable assets. Protecting real estate—whether you are dealing with your primary residence, a rental unit, or any other property—is an important part of estate planning. This raises an important question: Can I transfer my real estate in a trust? In Massachusetts, the answer is “yes”—but… Read More »
Can You Change Your Will On Your Deathbed?
A Last Will and Testament or Will is a key estate planning document. It is crucial that your Will truly reflect your intentions. As long as a person is legally competent, he or she retains the right to make changes to a Will—even if they are on their deathbed. In Massachusetts deathbed changes to… Read More »
Estate Planning In Massachusetts: What Is The Best Way To Leave An Individual Retirement Account (IRA) To My Heirs?
Do you have a retirement account? Whether it is an IRA or a Roth IRA, a retirement account is an important asset. It is crucial that you are able to pass on your retirement savings to your beneficiaries in the most effective, efficient manner. What is the right estate planning strategy? Within this article,… Read More »
What To Know About The 2023 Massachusetts Tax Relief Plan (Estate Tax Considerations)
According to a report from Forbes Magazine, Massachusetts Governor Maura Healey recently signed a comprehensive tax relief plan into law. The new legislation could have significant implications for certain estates in the Commonwealth. Within this blog post, our Boston estate planning attorneys highlight the most important things that you should understand about the Massachusetts… Read More »
Want To Change Your Will In Massachusetts? Avoid These Three Common Mistakes
Every adult in Massachusetts can benefit from a comprehensive, well-drafted will. You are never too young to write a will. It can be easily revised to account for life’s ever-changing circumstances. That being said, there are some all-too-common errors that people make when revising a will in the Commonwealth. Here, our Norwood estate planning… Read More »