Taking care of a parent isn’t just about love—it’s about logistics. Whether you’ve been caregiving for years or are just stepping into this role, the reality hits fast: medication schedules, doctor appointments, financial decisions, and legal paperwork. You want to do right by your parent—but where do you even begin? As a North Shore elder …
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 »
When planning for the future, one important decision is who will inherit your retirement accounts. While many people name individuals as direct beneficiaries, there are situations where a trust may be a better option. However, this approach requires careful planning to ensure compliance with federal and state laws while maximizing tax benefits. Why Consider a …
As an Essex County trust and estate lawyer, I’m frequently asked about the intersection of trusts and business entities, particularly LLCs. The short answer is yes, a trust can own an LLC, but the details matter significantly. This ownership structure can offer valuable benefits for asset protection, tax planning, and succession planning when implemented correctly. …
Can A Trust Own An LLC? An Essex County Trust and Estate Lawyer Explains Read More »
Andover, MA – March 2025 – The Law Offices of Kimberly Butler Rainen is proud to announce that Attorney Kimberly Butler Rainen has been named a 2025 Five Star Investment Professional. This prestigious recognition, featured in Boston Magazine and Fortune, highlights professionals who demonstrate excellence in the financial industry, including estate planning attorneys. “I am …
Kimberly Butler Rainen Recognized as 2025 Five Star Investment Professional Read More »
As an Andover trust attorney, I’ve guided countless parents through creating comprehensive estate plans. While most understand the importance of having a will, many aren’t aware that this document alone may not provide the protection their children need. Trusts offer powerful benefits that go far beyond what a basic will can accomplish, especially for families …
As a North Shore will lawyer working with single and divorced parents, I’ve witnessed the deep emotional weight that guardianship decisions carry. The thought of someone else raising your children is heart-wrenching, yet planning for this possibility is one of the most profound acts of love you can offer them. The Unique Vulnerability of Single …
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 »
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