As we step into a new year, it’s time to have those conversations that matter—conversations about your legacy and the well-being of your loved ones. Estate planning, often dismissed as a somber and complex task, is a vital aspect of securing your assets and safeguarding your family’s future. Surprisingly, a recent 2023 Caring.com survey…
Divorce and Family Law Blog
It’s National Estate Planning Awareness Week
Dear Clients and Friends, At Amaral & Associates P.C., we are here to help with all of your family law needs. This week we are sending a reminder of the importance of Estate Planning. In fact, this week is National Estate Planning Awareness Week. It is the perfect time to account for any oversights or…
Lessons from Tom Brady and Gisele Bündchen’s Divorce; How an Experienced Divorce Attorney Can Make Your Divorce Easier
Divorce is undoubtedly a challenging chapter in one’s life, impacting individuals and families on multiple levels. The emotional toll, coupled with legal intricacies, can make the process seem insurmountable. The role of an experienced and compassionate divorce attorney is often underestimated in alleviating the difficulties associated with this life-changing event. An experienced divorce attorney will…
Why Adding a Living Trust to Your Existing Estate Plan is a Good Idea
Adding a living trust to your Massachusetts estate plan can be a good idea for several reasons, depending on your individual circumstances and goals. While I can provide some general information about why it may be beneficial, it’s important to consult with an attorney or estate planning professional to determine how a living trust fits…
Why Using a Combination of Both A Prenuptial Agreement and Postnuptial Agreement can be Advantageous
Using a combination of a prenuptial agreement and a postnuptial agreement can be advantageous in certain situations, as it provides a comprehensive approach to protecting both spouses’ interests and assets before and during their marriage. Here are some reasons why couples might choose this approach: 1. Comprehensive asset protection: Prenuptial agreements are typically signed before…
Understanding Postnuptial Agreements
A postnuptial agreement, also known as a “postnup,” is a contract entered into after marriage that outlines the division of marital assets in the event of a divorce. Unlike prenuptial agreements, which are signed before marriage, postnuptial agreements can be executed at any time during the marriage. Postnuptial agreements offer similar protections as prenuptial agreements,…
Lessons in Business Succession Planning and Estate Planning from the TV Show Succession
The TV show Succession sheds light on the importance of estate planning, particularly when it involves a family business. This cautionary tale emphasizes the need for a solid estate plan and a succession plan for business owners who haven’t made one yet. Succession delves into the aftermath of the illness and demise of Logan Roy,…
MEDICARE TRUST OR IRREVOCABLE INCOME-ONLY TRUSTS (IIOT)
In Massachusetts, a Medicare trust is commonly referred to as a Medicaid trust or an irrevocable income-only trust (IIOT). This type of trust is designed to help individuals protect their assets while still qualifying for Medicaid benefits, which can help cover long-term care costs. By transferring assets, such as real estate, into an irrevocable trust,…
Concerned About Asking Your Spouse-to-be for a Prenup? Mediation Can Facilitate Fair and Transparent Prenuptial and Postnuptial Agreements
Mediation can be an ideal way of approaching these conversations, as it can incorporate more than just the final agreement, but also a discussion about finances, plans and possibilities which can set the groundwork for a successful and collaborative relationship. Mediation is a good way to avoid the tension and conflict which…
Postnuptial Agreements for Married Couples Who Still Want Their Marriage to Work Without The Financial Risk And Uncertainty
A postnuptial agreement, also known as a postnup or postmarital agreement, is a legally binding contract entered into by a married couple after they are already married. Similar to a prenuptial agreement (prenup), which is created before marriage, a postnuptial agreement outlines the rights and responsibilities of each spouse in the event of a divorce…
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