In MA, is an attorney obligated to take action if attorney becomes aware the client is misusing funds?
Katherine's answer
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Answered on March 18, 2021
This is a difficult situation at best. I wish I had a better response than "it depends." If an attorney is handling funds then he/she is bound by...
Can a resident of Alabama make and execute a Will while visiting long term in Massachusetts?
Katherine's answer
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Answered on January 26, 2021
If you are a resident of Alabama, it is optimal that your Will be based on Alabama law, especially if that is where your property is located. Each...
Can I assign my inheritance from my mother's estate to someone?
Katherine's answer
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Answered on October 21, 2020
Attorney Buskey is correct. Any inheritance coming your way and any gifting plan should be reviewed with your CPA so you get a full picture of...
Archived
Tax implications of opening an estate bank account?
Katherine's answer
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Answered on October 06, 2020
Federally - if the estate earned more than $600 in a tax year then a federal 1041 may need to be filed; in MA every executor, administrator,...
Does an Irrevocacable Trust replace a previous will ?
Katherine's answer
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Answered on September 27, 2020
Firstly, my condolences on the loss of your mother. If her will was signed and witnessed properly, it should be “valid.” My sense is your...
When is a Will executed in Massachusetts ?
Katherine's answer
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Answered on September 18, 2020
A will is "executed" when it is signed provided the formalities have been observed:
(1) in writing;
(2) signed by the testator or in the...
Archived
After a Hospital Determination of Irreversible Patient Incapacity can that person sign a legal contract?
Katherine's answer
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Answered on July 06, 2020
I recommend reaching out to an attorney who specializes in Elder Law - check out www.naela.org for one in your area or check with your local Senior...
Can I write my own will after having one done by an attorney because the whole will has changed now.
Katherine's answer
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Answered on May 11, 2020
You can redo your will as often as you wish provided you have the requisite mental capacity. Wills generally, do not get filed in MA until we...
Do I have to open an account with my deceased parents investment co. in order to receive assets (I am a beneficiary)?
Katherine's answer
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Answered on March 10, 2020
Dealing with larger investment firms can be extremely challenging. Firstly make sure you are speaking with whichever specialists they have for...
Archived
If a beneficiary in a will does not survive the will maker where does the beneficiary's share of inheritance go?
Katherine's answer
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Answered on March 03, 2020
Attorney Baker is correct. If you leave $$$ to your child, Junior Johnson (black-ish) and Junior predeceases Andre Sr., then Jr.’s kids inherit in...
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