In order to explain how a traditional surviving spouse IRA operates, you must first understand how it would work for you during your lifetime. Funds that you have contributed to your traditional IRA investment account are untaxed earnings, and will be allowed to grow with investment income, which will then
In June of this year, the Supreme Court overruled key provisions of the Defense of Marriage Act (“DOMA”), thereby eliminating the definition of marriage as one between a man and woman. Not only did this represent a tremendous victory for same-sex spouses and modern families across the country, but it
The divorce rate in the United States is currently about 50% of all marriages. Most parents do not want to see their estate assets go to a child’s divorced in-law in a marital property division even though they usually want their child, and their grandchildren, to benefit from their estate.
Family members and friends are often asked to serve as the administrator or “fiduciary” of a Will, Trust, or estate of an incompetent person. These include the titles of Executor or Personal Representative named in a Will, Trustee of a trust, or Conservator of an incompetent person. Each appointment brings
Do you or your family members have a trust? Are you a beneficiary, trustee or other fiduciary? The Massachusetts Uniform Trust Code went into effect in July of 2012 with the intention of streamlining the trust process and making it more user friendly. For many, this new code will change
Did you know that May is Older Americans Month? According to the 2010 U.S. Census, there are 40.3 million older Americans – people who are 65 and older in the United States, which is 13% of the population. In recognition of Older Americans Month, which was first designated in May
Massachusetts Special Needs and Disability Lawyer Neal Winston is principal of Winston Law Group, LLC and a former partner of Moschella & Winston, LLP. Winston Law Group is a Boston-area law firm that specializes in elder law, special needs planning, estate planning and probate. In this video, Neal explains his background
Did you know that as many as 70 percent of Americans die without a will (1)? If that statistic applies to you and doesn’t scare you, then you haven’t thought about what this means for your loved ones. If you die “intestate,” meaning without a will, you leave it up
