Massachusetts Living Trusts Attorneys
Living trusts are also called revocable trusts or inter-vivos trusts. Massachusetts Living trusts can have several advantages over wills, including the avoidance of probate court proceedings, avoiding guardianship, maintaining liquidity, and achieving privacy. A MA living trust is flexible and can be changed at any time. You can transfer all of your assets to the trust but continue to use and manage them during your lifetime. After your death, your trustee will immediately and inexpensively transfer ownership of the assets to the beneficiaries named in the trust without the long and costly Probate process.
MA Living Trusts can avoid probate
Both a will
and a trust can be used to transfer your property when you die, but the
similarity ends there. A will has no effect until you die, while a living
trust becomes operative during your lifetime to manage your assets. While
a will is part of the public record a trust is not, thus providing greater
privacy. You can use a living trust to choose the state for administering
your estate. Trusts are usually easier to amend than wills and less likely
to be contested by your heirs. Living trusts do not require lengthy and
costly probate proceedings. Your property and heirs will not be listed
in public records in a courthouse. And your property can be transferred
to your heirs almost immediately after your death.
If you own real estate in more than one state a living trust can help
avoid probate in each state. Probate in multiple states increases the
cost and time to distribute your property to your heirs. back
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Create your MA Living Trust
We can prepare a living trust agreement that appoints a trustee to manage your property for your beneficiaries. To maintain control, you can be your own trustee. Commonly, the person creating the living trust is the first beneficiary while other provisions transfer the property to their heirs upon death. The trust agreement will provide details on your right to change the trust, the duties of the trustee, how to distribute your property, how to provide for your family, and when and how to select a successor trustee. back to top
We can also help you prepare other estate planning documents that will complement your living trust and make it even more powerful, such as "pour over" wills, health care proxies and a durable power of attorney.back to top
Call us 1-617-479-4300
Hamill & Gray
36 Miller Stile Rd.
Quincy, MA. 02169
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