Life rarely follows the path we expect. When we create our estate plans, we naturally assume we’ll outlive our beneficiaries. The thought that our children, grandchildren, siblings, or other loved ones might precede us in death is almost unthinkable. Yet as an Andover will and trust lawyer who has guided many families through difficult transitions, …
As an Andover estate lawyer, I often find that clients are unfamiliar with the concept of “step-up in basis” until they’re facing significant tax implications during inheritance. This powerful tax provision can save your heirs thousands—or even millions—of dollars, yet it remains one of the most misunderstood aspects of estate planning. The Basics of Basis …
What Does Step-Up in Basis Mean? An Andover Estate Lawyer Explains Read More »
Being named as an executor (also called a personal representative) in someone’s will might seem like an honor, but it comes with significant legal responsibilities and potential personal liability if mistakes are made. As experienced Essex County probate lawyers, we’ve seen well-meaning executors face unexpected personal financial consequences simply because they didn’t understand the strict …
Why Essex County Executors Can Be Personally Liable for Estate Debts Read More »
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