What is a life estate?
A life estate is a type of ownership interest in real estate. Most commonly the life estate is conferred by deed but may also be conferred in a will or trust. The typical scenario pertains to a parent who wants to “give the house to the kids” for estate and asset protection planning purposes, but retain control over the property. The parent transfers the real estate by deed to the children reserving a life estate for him or herself. The parent is…
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 what you thought you knew about trust law.
Keep reading to see how the MUTC may affect you and your family.
You thought the trust was irrevocable?
Irrevocable trusts can now be changed or terminated. The MUTC…
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 of 1963, USA.gov has highlighted several resources that seniors may find useful.
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 from working as a VISTA volunteer to helping people solve their problems with governmental agencies such as Social Security, which led to him becoming an elder…