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K. Reilly Law LLC
K. Reilly Law LLC

K. Reilly Law Wills & Estates for the 99%

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Category Archives: Beneficiary

Leaving Real Estate To Heirs

Beneficiary, Estate Planning, WillsBy Kerry ReillyMay 24, 2022

I work with many families who own real estate in a variety of capacities…home, vacation home, income properties, etc.  Many want to leave the property to one or more of their children, or other heirs.  That is a minefield! “A whopping 68% of people say they plan to leave real estate—such as a home, vacation…

The Domino Effect & Estate Planning

Beneficiary, Trusts, WillsBy Kerry ReillyFebruary 2, 2022

If you’ve built an estate plan, whether simple or complex, it’s built on certain goals and wishes.  If any action is taken outside of the plan, involving the people/organizations named in the plan, accidentally or on purpose, your estate planning dominoes may start to collapse. Some common reasons the dominoes may start to fall are:…

Estate Planning Traps & How To Avoid Them

Beneficiary, Estate Planning, Trusts, WillsBy Kerry ReillySeptember 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 ReillyMay 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…

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