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Monthly Archives: November 2019

What Happens When a Beneficiary of a Family Trust Gets Divorced

Family trusts are often designed to benefit your immediate family or other relatives in the event of your death.  One scenario that we often don’t think about is what happens when a beneficiary of a family trust gets divorced. Below are a few possibilities, based on recent case law in Massachusetts.  Direct Assignment to Ex-Spouses […]

Tips on Choosing Guardians for Your Children

Choosing guardians is one of the most difficult decisions for parents. No parents want to think about not being there for their children and no one can ever truly take your place. However, failing to make a selection can leave it up to the courts, which couldn’t possibly be any better a decision than what […]

Characteristics of a Good Guardian for Your Children

There are many different ways to look at guardianship. In our previous blog post, we mentioned personal values, geography, adaptability, and desire as important factors. Looking beyond that, there are many personal characteristics that make a difference as well. Some of these are difficult to even consider, but necessary nonetheless. Here are a few characteristics […]

Using a 1031 Exchange to Defer Capital Gains Taxes

1031 exchanges offer tax savings when selling and buying investment properties. It encourages reinvestment in the real estate market by deferring capital gains taxes on the sale of one property when the funds are put directly towards the purchase of another property. If you are both selling and buying an investment property, consider using a […]

5 Ways to Reduce or Eliminate Capital Gains Taxes on Investment Properties

Investment properties are a great way to build wealth and accumulate assets for retirement. To maximize your return on investment, it is important to carefully plan out the sale of a property and reduce potential taxes, such as capital gains taxes. Below are a few ways to reduce or eliminate capital gains taxes on investment […]