Category Archives: Beneficiary

Estate Planning Traps & How To Avoid Them

Beneficiary, Estate Planning, Trusts, WillsBy Kerry Reilly September 20, 2021

Still only about 1/3 of us have a plan of OUR design in place…some of us have started but never followed through. What can this mean for our assets in the future: I don’t need a plan…I don’t have an “estate.” If you have a bank account, a condo/house, retirement plan, bitcoin, baseball card collection…

“I Do” ≠ Estate Planning

Beneficiary, Estate Planning, Health Care Proxy, WillsBy Kerry Reilly May 28, 2021

Tying the knot in Massachusetts does not give each spouse an automatic “all assets default to the surviving spouse,” estate plan. Under Massachusetts Probate laws, if a spouse dies without a Will (or trust) in place, assets, in the name of one spouse only, do not automatically go to the surviving spouse. The spouse may…