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What you need to know, if someone you know needs a Guardian

  • Posted by Alexander Nesson
  • On August 22, 2012
Some of the language is the “Ward” is the person who is under the “Guardianship” and generally there is a need for either physical or mental reasons that the person is incapable of managing his/her affairs either financial or personal or in many cases both. The Guardian is the person that the Probate Court manages […]
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Reasons why you should Create a Will

  • Posted by Alexander Nesson
  • On August 13, 2012
If you don’t have a Will, the government will assign one for you; and that means that the laws of Massachusetts will govern how your assets and estate are distributed and this can mean how you split it between your spouse, next of kin, children and that is the rules of the State rather than […]
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Wills vs. Estate Planning

  • Posted by Alexander Nesson
  • On August 6, 2012
Wills are generally the simplest way to override documents that give you the ability to distribute your estate and choose who your want your heirs to be, appoint a guardian and provide your belongings to who you choose.  A Will can be a part of an Estate Plan, but it is not necessarily an entire […]
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Discharge of Tax Debts when your Return is filed Late

  • Posted by Alexander Nesson
  • On July 31, 2012
In general, tax debts are not necessarily dischargeable. However, there are some circumstances where tax debts do become dischargeable in Bankruptcy. If your taxes have been due for at least the three prior years when the return was actually filed and least two years since any assessment.   There are some different issues that can […]
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An Exception to Student Loans being Discharged.

  • Posted by Alexander Nesson
  • On July 20, 2012
Recently, a student loan was discharged due to the debtor having Asperger’s Syndrome and it was reported that a student loan debt was about $350,000.00 and $100,000.00 was discharged. The cardinal rule is that student loans are not discharged into bankruptcy, but in order for that to occur; the student loan must show that the […]
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The Question is, can you Disinherit or Leave a Child out of a Will?

  • Posted by Alexander Nesson
  • On July 13, 2012
The answer is in Massachusetts nothing prevents you under the Law from leaving one or all of your children out of your Will. You should generally use specific language to identify the child you wish to disinherit. There are some limitations with that, but there are more difficulties now under the new probate code; which […]
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Some of the Terms in Estate Planning

  • Posted by Alexander Nesson
  • On July 6, 2012
What Probate means is the process of proving a Will and administering the estate of the deceased and that is called a Probate Estate. If there are assets in the Probate Estate, you have to have that listed in a form or an inventory file for the Probate Court and the Probate Estate must pay […]
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Living for a Revocable Trust

  • Posted by Alexander Nesson
  • On June 27, 2012
A Living Trust also commonly called “Revocable Trust” is created during the lifetime of the donor, meaning that rather than doing a Will at the person’s death, it is created during their lifetime. With a Living Trust, the donor or the person that has the assets maintains control over the trust and the right to […]
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