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February 26, 2010

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Estate Planning Resources

The best way to inform yourself about Massachusetts Estate Planning Law and Estate Planning related topics. Our Estate Planning Resource Center includes the following sites for your personal use.

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Did You Know?

A "Family Limited Partnership" can be used to own and manage your property
In a similar manner to a Trust, but allowing additional tax planning techniques to be employed. Family Limited Partnerships are typically used for those who have large estates and thus have a need for specialized estate planning in order to minimize federal and state estate/death/inheritance taxes as well as provide elements of asset protection.

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	Latest news about Financial & Estate Planning in Massachusetts and nationwide: Attorney General To Argue His First Case Before State Supreme Court OLYMPIA - Attorney General Rob McKenna will personally present the state’s arguments next Tuesday in Madison v. State of Washington. It will be his... Read more > Major Expansion Of Dwi - Drug Courts Recommended There are 31 drug courts in 18 of New Mexico's counties. They operate in District, Metropolitan and Magistrate Court levels. The recommendation is ... Read more > Ruling On Respondent's Motion To Dismiss On July 15, 1975 the United File Room Clerks, Messengers, and Library Personnel of Foley, Hoag & Eliot (herein Petitioner) filed a petition for... Read more > More Estate Planning News >

Estate Planning Terms

Today's Terms

Incapacity / Incompetent

Definition:
Legally unable to manage one's own affairs due to mental disability. This may be temporary or permanent.

In-Terrorum Clause

Definition:
A provision of a will or trust that disinherits a person in the event that he/she challenges the terms of the will or trust. Sometime called a No-Contest Clause.

Transfer Tax

Definition:
The combined Federal Estate and Gift tax. A single exemption credit applies whether the property was transferred during a person's lifetime (gift tax) or is held by a person at the time of his/her death (estate tax).

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Estate Planning Resources

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Estate Planning Hot Topics

Topics Related to Estate Planning:

Trusts
Wills
Uniform Probate Code
Gift Tax

Massachusetts Estate-Planning Attorney

If you live in the following cities and need an Estate-Planning attorney you should contact our Estate-Planning Attorney as soon as possible:

Amherst
Attleboro
Beverly
Boston
Brighton
Brockton
Chelsea
Everett
Fitchburg
Framingham
Holyoke
Lawrence
Leominster
Lynn

Malden
Marlborough
Medford
Methuen
New Bedford
Peabody
Pittsfield
Plymouth
Quincy
Revere
Salem
Taunton
Westfield
Woburn

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