Wills & Trusts
Estate planning, whether it involves a simple will or a series of complex trusts, is only effective if it is properly drafted and administered. Our experienced estate planning, elder law and trust attorneys provide the knowledge necessary to carry out our clients’ wishes with minimum cost and maximum efficiency. Because each client’s needs are different, we create individually tailored estate plans based on a range of personal circumstances. We realize that although a thoughtfully structured estate plan will assist individuals and families with complex issues during some of their most difficult times, appropriate planning can also minimize taxes and preserve assets during one’s lifetime.
Cooley Shrair attorneys offer a team approach, seeking the most efficient way to manage assets. The law firm administers estates of all sizes and completes and files state and federal estate taxes.
Cooley Shrair is proud that we have earned the confidence of generations of clients
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Recent Articles & News
On Monday, you inherit a million dollars. On Tuesday, your spouse files and serves a Complaint for Divorce. Do you get to keep the million dollars?
In Massachusetts, the court has broad discretion in determining which assets belong to the marital estate and how they should be divided. Neither the date of acquisition nor the manner in which title is held necessarily determines whether an asset is to be included in the estate. Rather, the concept of marital property in Massachusetts, as defined by statute as well as applicable case law, is expansive. “Upon divorce … the court may assign to either husband or wife all or any part of the estate of the other …” Massachusetts General Laws, Chapter 208, Section 34.
Another impediment related to residential foreclosure
Following a foreclosure, we all have been faced with the prospect of evicting the homeowner who becomes as we all thought, a tenant-at-will. The general rule was to provide a 30-day notice of termination of tenancy and then to begin a summary process hearing to evict the post-foreclosure "tenant" from the property.