Sometimes a will is enough to ensure that your estate is properly planned. In other cases, a trust is also recommended to give you greater control over your assets. The trust can be funded during your life or after your death. "Funding" the trust, means that you deposit a financial account in the name of the trust.
Ask yourself these questions to find out if you may need a trust?
1. If you live in Massachusetts, do you have more than $1 million dollars in assets, including your real estate, but not including your debts?
2. Do you have a loved one with a dsability?
3. Do you own property in another state or country?
4. Do you want to leave your assets to any children that are under 18 years old?
5. Are you in a second marriage, with children from a prior marriage?
6. Are you concerend about your privacy?
7. Do you want to control your assets, even after your death?
8. Are you concerned about avoiding probate?
9. Are you concerend about protecting your assets and planning in advance (Medicaid Planning) in the event that you need Nursingh Home Care?
If you answered "yes", to any of the above questions, we can help you determine if a trust is needed and which type of trust will be best for you. Please give us a call.
Senior Solutions Attorneys at Law, 30 Church Street, Suite 210, Belmont, MA 02478