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Trust Administration Lawyer in Worcester Helping Trustees Fulfill their Obligations
A common estate planning tool is a trust. There are many different kinds of trusts, but, put simply, a trust holds assets to be distributed to beneficiaries according to the specific terms of the trust. The grantor the person who sets up the trust names a trustee whose responsibility it is to admini
CGMIMM Import·8/4/2023·4 views
Why Choose The Law Office of Polly Tatum?
Getting to a position of wealth and success does not happen without a clear set of values, a strong belief system, and a strong character. You have more to pass on than money, and a solid legacy plan can ensure that you leave something behind that can carry your beliefs, values, and character far in
CGMIMM Import·8/4/2023·3 views
Can Legacy Planning Extend Beyond Family?
For many high-net-worth individuals, the legacy they hope to leave extends far beyond their own family into charitable and philanthropic giving. Funding scholarships, foundations, endowments, or other philanthropic financial vehicles can extend your legacy far beyond your family. In this way, you ca
CGMIMM Import·8/4/2023·3 views
Why Do I Need a Legacy Plan?
For high net worth individuals, estate planning can often focus on how to maximize the wealth that heirs will inherit through tax planning. Have you considered, however, whether your heirs are prepared to handle the wealth they will inherit? A legacy plan can provide financial education for family m
CGMIMM Import·8/4/2023·7 views
How Are Estate Planning and Legacy Planning Different?
Estate plans and legacy plans both addresses the distribution of assets upon a person s death. Only a legacy plan, however, addresses how those assets might be put to use in ways that support the values of the deceased person who amassed the assets through their hard work and the belief system they
CGMIMM Import·8/4/2023·4 views
Legacy Planning Lawyer in Worcester Helping You Pass Down the Values You Hold Dear
While most of us will leave our personal property and whatever funds we have saved to our family after we are gone, only a few of us will truly leave a legacy. The terms estate planning and legacy planning are sometimes used interchangeably, but they are not exactly the same thing. Estate planning i
CGMIMM Import·8/4/2023·6 views
What Duties Do a Special Needs Planning Attorney Have?
A special needs planning attorney can help you understand the process of setting up a trust or other type of care plan for your loved one. They can also help you navigate the legalities involved in setting up a trust, as well as any tax implications. In addition, they can help you choose the right t
CGMIMM Import·8/4/2023·7 views
What is Involved in the Special Needs Planning Process?
The first step is to understand what resources are available to your loved one with special needs. This includes understanding the benefits of things like a special needs trust, care plan, ABLE account, etc., as well as any private insurance or annuities that may be available. Once you have a clear
CGMIMM Import·8/4/2023·3 views
What is Special Needs Planning?
Special needs planning is the process of creating a plan for how your child with special needs will be cared for if something happens to you. This can include setting up trusts, designating guardians, and making other arrangements to ensure that your child s needs will be taken care of. Leaving mone
CGMIMM Import·8/4/2023·7 views
Special Needs Planning Lawyer in Worcester Making Sure Your Children are Cared For After You are Gone
As a parent, one of your top priorities is making sure that your children are taken care of even after you re gone. If you have children with special needs, this can be an especially daunting task. You want to make sure that they will be able to live comfortably and have all their needs met, but you
CGMIMM Import·8/4/2023·6 views
What Can a Pet Lawyer Do for My Companion?
When it comes to our furry, feathered, and scaly friends, we want nothing but the best for them. We love them unconditionally and would do anything to keep them safe and healthy. Unfortunately, life doesn t always go as planned. If something happens to you, it s important to have a plan in place for
CGMIMM Import·8/4/2023·6 views
What Should I Do to Make Sure My Pet is Taken Care of?
There are a few key things you should do to make sure your pet is taken care of in the event of your death or incapacity. First, it is important to choose a pet guardian who will be responsible for your pet s care in the event of your death or incapacity. This person should be someone you trust impl
CGMIMM Import·8/4/2023·4 views