Prenuptial Agreement Misconceptions?

There are few topics less romantic than prenuptial agreements. That being said, for certain Massachusetts couples a carefully designed prenup can provide an otherwise unattainable peace of mind. In order to examine who should have a prenuptial agreement, let’s dispel some common prenup misconceptions. Misconception #1: Prenups are only for the rich. While high-net-worth individuals

Choice of Entity – Part 1: Asset Protection

When someone is starting a new business (or reviewing the structure of their ongoing business), they often ask a lawyer for advice on what type of business entity they should form. The most common entity types are sole proprietorships, partnerships, corporations, and limited liability companies (LLCs), and they each have their own advantages and disadvantages.

Spousal Consent, Long-Term Care, and Protection of Retirement Assets

A rather specific question was posed to me in the comments of another post, so I’ll address it here. The question posed was: “If a 62 year old widow remarries, and designates his emancipated children as beneficiaries of his 401(k), does he need his new wife’s endorsement to make the beneficiary designations stick? Also, are

What’s in a Basic Estate Plan?

Clients routinely tell their attorneys, “I need a will.” While a few decades ago a simple will may have been appropriate, today’s complicated legal environment requires attorneys to parse through their client’s statement, and determine their true goals. When I hear that familiar sentence, I interpret the meaning as, “I need help.” More specifically, “I