Timothy J. Erasmi, Esq. – Virtual Estate Attorney

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inter vivos trust, living trust

Inter Vivos Trusts

What is an Inter Vivos Trust?  Inter vivos trusts, also known as living trusts, are created during the grantor’s lifetime. Inter vivos means “between living people”. The alternative to them is a testamentary trust, which is created at the grantor’s death. Inter vivos trusts can be either revocable or irrevocable. Moreover, these powerful estate planning documents offer numerous

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wrongful death, massachusetts, probate.

Wrongful Death

What is Wrongful Death Wrongful death is a legal cause of action that arises when an individual’s death is caused by the negligence, recklessness, or intentional misconduct of another party. This legal claim serves to compensate surviving family members who have suffered unimaginable harm from the loss of their loved one. These claims can occur

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Reasons to Avoid Probate in Massachusetts

Reasons to Avoid Probate   Probate Court is Time Consuming. Timeliness is the first of many reasons to avoid probate court in Massachusetts. Indeed, the decedent’s assets will freeze upon their death. These assets will remain inaccessible until the Probate Court issues letters of authority. This process usually takes 6-8 weeks from the date of filing depending

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Registered vs. Recorded land

Comparing Registered Land vs. Recorded Land in Massachusetts

Registered vs. Recorded Land Do you understand the difference between registered vs. recorded land? If you have experience dealing with real estate in Massachusetts, then you may have heard of the terms. The most obvious difference between the two is that registered land is indexed with a certificate and document number. Whereas recorded land is indexed with

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What is probate?

What is Probate?

Probate in Massachusetts The death of a loved one is an overwhelming and life-altering event which often causes an enormous amount of stress. Often, families are eager to complete this process as quickly as possible. They would prefer to be focusing on grieving for their loved one.  Unfortunately, without a fully funded revocable trust, their

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voluntary administration

What is Voluntary Administration?

Probate is the legal process by which a decedent’s assets are distributed after any debts and expenses are paid. The most typical forms of probate are Formal and Informal. However, one should always use Voluntary Administration, a simplified form of probate, when the estate is eligible. What is Voluntary Administration? Voluntary Administration is the most simplified form of

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Form 1041 – Income Tax Return for Trusts & Estates – What You Need To Know Before Filing

Form 1041 – Who and When to File If you are an executor for an estate or a trustee, you may need to file a Form 1041. Otherwise known as an estate income tax or trust income tax return. Every estate and most trusts that have a gross income of $600 or more in a

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