At The Law Offices of Kimberly Butler Rainen in Andover, we believe in providing comprehensive estate planning services that cover a wide range of needs. Estate administration encompasses various aspects, including asset preservation, tax strategies, heir designations, and distributions. It also involves areas such as charitable giving, guardian and conservatorship appointments, as well as will …
As noted by a contributor to a recent national piece on estate administration, the planning inclination for many individuals and couples is dulled by narrowly focused objectives regarding their kids. More specifically, that means this, as posed in the form of a rhetorical query: If my children all get along and I’m simply leaving everything …
Estate plan musing: how to begin thinking about things Read More »
Forbes writer Nancy Anderson has inside knowledge when she relates the tale of a financial planner who failed for years to note — and amend — a key estate planning recommendation she had once made but long since forgotten about. Because the advice she rendered was to herself. When she was younger and newly divorced, …
Why periodically revisiting your estate plan is essential Read More »
If you read the above headline to today’s blog before diving into the body of this post, you’re likely ready now to immediately confront a bunch of “well, maybe, but maybe not” language. So, we won’t disappoint you. Whether or not you should purchase so-called LTC coverage for your senior years, well … it depends. …
Will a long-term-care insurance policy make sense for you? Read More »
Things have gone from steadily bad to persistently worse in the realm of interaction between principal players in estate matters surrounding exalted pop music legend Prince. The so-called Purple One died unexpectedly last year in April. Since then, his multi-million-dollar estate of varied realty holdings, vast musical creations, artwork, investments and other assets has been …
Heirs of musical icon Prince want estate administrator removed now Read More »
In many ways, trusts are among the most valuable of all tools in the realm of estate planning and administration. As noted in one recent Forbes article spotlighting the great utility of trusts, such vehicles “are extremely flexible and can cover a wide range of goals and needs.” Here is a recommendation regarding trusts that …
The impressive utility and broad-based reach of a trust Read More »
Many loving parents in Massachusetts and across the country who are fortunate enough to be financially sound might be mutually inclined to agree that it might be a good thing if their adult kids were virtual clones. That is said tongue in check, of course, but actually does make a bit of off-the-wall sense from …
Multiple children, different goals: estate planning considerations Read More »
What has been written about iconic rock star Jerry Garcia of the Grateful Dead, who died in 1995, literally fills volumes of material. Most descriptors portray the legendary industry figure as a conflict-averse and laid-back person. Given such a personality, the artist would unquestionably be stunned and dismayed by the persistent battles that have centered …
Estate-wise, this is not exactly what famed rocker intended Read More »
In regard to an executor’s duties concerning the estate of an individual who has just passed away, let’s just say that they potentially run a wide gamut. And that owes to the obvious reason that estates differ materially, both as to the details and scope of what might be involved. Whatever might be the case …
A writer at Forbes magazine whose focus in on articles that discuss “the creation and management of exceptional wealth” says that many top wage and income earners across the United States unquestionably do a good job on the creation prong. Conversely, though, just as many are making rather dismal efforts in the wealth-management sphere, often …
Focus: business owners, wealthy families and estate updates Read More »
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