As you are setting up your trust and making the very important choice of who will serve as trustee, you may be wondering if this person will get paid for their services and how that is accomplished. Do your heirs have to pay them out of pocket? Let’s explore how trustee compensation typically works. Understanding …
Does a Trustee Get Paid? A North Shore Trust Lawyer Explains Trustee Compensation Read More »
Estate planning is based on state and federal laws which are subject to change at any time. For many members of the LGBTQ community, that can be not only anxiety-provoking but a genuine concern when planning for the future. The good news is that having a comprehensive estate plan gives you control over how your …
In the wake of recent natural disasters—especially devastating floods and the fires in California—many social media posts have claimed that if your property is held in a trust or LLC, it won’t be covered by insurance. This is not entirely accurate. While it is true that you can face coverage gaps if your trust or …
As an Essex County will lawyer, I often find clients are puzzled by the term “pour-over will.” While both traditional wills and pour-over wills serve important purposes, they function quite differently in your estate plan. Understanding these differences is crucial for ensuring your assets are protected and distributed according to your wishes. Traditional Wills: The …
Will vs. Pour-Over Will: What’s the Big Difference? An Essex County Will Lawyer Explains Read More »
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