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In the case of Tracey E. Fern vs. Anthony W. Baker, the Massachusetts Appeals Court finds that agents under a durable power of attorney can make gifts to themselves if they can meet the burden of proving that doing so is consistent with the grantor’s donative intent.
According to the Elder Index of the Gerontology Institute at UMass Boston, Massachusetts is the most expensive state to live in for seniors and a high proportion all in the gap between the federal poverty level and what they need to meet their expenses.
One of the benefits of establishing a revocable trust is that it causes grantors to consolidate their investment and bank accounts, giving them more control over their finances.
Trusts can protect inherited IRAs from creditors and poor decision-making by heirs.
Work gives life meaning. We all want to contribute – it is part of being human.
Rules for asset protection trusts must balance control and protection.
The Massachusetts Court of Appeals affirmed that a property conveyance from mother to son did not take precedence over a subsequent transfer due to a defective acknowledgement of the mother’s signature.
Homeowners beware: Some unscrupulous companies are trying to get owners to pony up for a copy of their deed, but it’s a scam.
In the short documentary “Black Heirlooms,” Amanda Brown describes how the avoidance of estate planning split her tight-knit African American family into two warring camps.
Trust protectors provide for oversight of trustees and the ability to modify trusts in the event of a change in the law or circumstances.
