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May 2017 Archives

How do I avoid common titling pitfalls with wills and trusts?

Do you know whether your trusts are properly funded? For many Massachusetts residents, wills and trusts make up a significant part of their existing estate plan -- but trusts that are not properly structured can cause more headaches than they are worth. Experts say that even the most expertly drafted trusts can cause problems for beneficiaries if the trusts are not funded appropriately during the benefactor's lifetime. Here's how to avoid those pitfalls.

Family gets paid for Nazi-era looting, ending estate litigation

The Boston Museum of Fine Art has settled with the estate of the former owners of several rare porcelain figurines. The settlement marks the end of the probate and estate litigation surrounding the figurines, which were reportedly stolen from a Jewish family in Nazi-era Germany. The works were apparently stolen during the era of Nazi persecution, and the rightful owners demanded to be paid for the looted items.

How can I secure my business' future through estate planning?

What could be more important than maintaining your family business? When it comes to estate planning, you may not realize that you have to take special steps to protect your family business assets in Massachusetts. The fact is that about 50 percent of the U.S. gross domestic product is dependent on family business, and about a third of Fortune 500 companies are controlled by families. It is never too soon to start thinking about wealth protection for your family-owned business.

The consequences of failing to do estate planning: A family feud

Famous musical artist Prince died without a will - and the battle for his estate is only now beginning. The consequences of failing to do any estate planning could be devastating for Prince's beneficiaries, who now have to mount legal challenges in order to get their due. Surprisingly, situations like this occur just as much for everyday Massachusetts residents as they do for celebrities. Here is how to prevent your family from starting a feud after your death by planning for your asset distribution.

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Casey & Lundregan, P.C.
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Salem, MA 01970

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