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…Read More
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…Read More
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.
A family from a community on Boston’s North Shore, represented by the law firm of Winston Law Group, recently prevailed in reversing a Massachusetts Department of Developmental Services (DDS) policy denying critical support services for their autistic son.
The purpose of the DDS Program is to prevent disabled children from living in a state-operated facility. DDS offers funding that allows the child to remain at home and be educated within the community. The program provides an array…Read More