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Three Reasons to Name Your Trust as your Beneficiary

In medicare, Probate, SSI by John Tramontozzi

Establishing and maintaining a trust is a deliberate process. Generally those who do so, are planning ahead not just for themselves, but looking to protect the future or legacy of those close to them as well. An essential part of establishing a trust is funding, this is the process by which your assets are moved into the trust. Some of …

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Speeding and Moving Violations in Massachusetts

In Auto Accidents, DUI and OUI, Misc Topics, Pedestrian Accidents, Traffic Violations by John Tramontozzi

 As congestion and traffic conditions worsen drivers become more harassed and likely to err. Most often these errors act as a wake up call and drivers self-correct. However at other times the law enforcement on our roads and streets offer incentive to slow down and be more attentive. Hidden Costs Your signature on the back of speeding ticket can sum …

What is a Living Trust?

In Assets, Estate Planning, Probate by John Tramontozzi

When establishing a Living Trust, you are opting to serve as grantor, trustee, and beneficiary for the trust for the remainder of your lifetime. A trustee would be the person who is in charge of the trust assets. In a living trust, you would remain trustee until you are unable to perform those duties (generally incapacitation or death). A “beneficiary” …

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Why You Should Review Your Estate Plan Regularly

In Estate Planning, Uncategorized by Tramontozzi Law

There are many reasons why you should revise your estate plan periodically. Most recently, the Tax Cuts and Jobs Act of 2017 (the act), which was signed into law on Dec. 22, 2017, made substantial changes to the Internal Revenue Code. The name may sound simple, however the changes are the most comprehensive in years. There are many complex changes …

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The Best Ways to Avoid Probate

In Estate Planning, Probate, Uncategorized by Tramontozzi Law

In our recent blog post we outline what probate is and what the process entails in a simple step-by-step guide. Probate refers to the settlement and distribution of one’s assets in compliance with the terms of the will. The state court manages this, and all assets that you own individually and intend to pass on to heirs is subject to probate. …

What Is Estate Planning? The Ten Tasks

In Uncategorized by Tramontozzi Law

You have often heard the phrase, “You can’t take it with you.” For this reason, it is important to have a sound estate plan in place to ensure that your assets are distributed according to your wishes and will provide for the security of your dependents and loved ones. It can also transfer or liquidate business interests avoiding complications and confusion. Estate planning …

The New Massachusetts Uniform Probate Code, Discussion Part 1

In Assets, Estate Planning, Probate by John Tramontozzi

The New Massachusetts Uniform Probate Code, Discussion Part 1 By: John N. Tramontozzi, Esq. When it comes to wills and the administration of Estates Massachusetts now follows the new Uniform Probate Code adopted in March of 2012. This statute was a complete revision and rewrite of the probate laws. The MUPC makes it easier and quicker for an estate to …

Probate

Probate Melrose, Massachusetts Real Estate Attorney Serving Clients in Middlesex County, Essex County Prudent Guidance for Settling a Loved One’s Estate Probate is the legal process of distributing the assets of an estate in accordance with the wishes of the deceased, through a will or through State succession laws if there is no will. If you have been named personal representative, …

What Happens If You Die Without a Will in MA

In Estate Planning by Tramontozzi Law

Most people generally know that it’s a good idea to have a will. However, most people d not actually prepare one. Understanding what happens if you die without a will in MA is important and may change what you decide to do. Benefits of a Will In general, wills allow you to dictate who shall receive your assets and in what …