Timothy J. Erasmi, Esq. – Virtual Estate Attorney

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Virtual Estate Attorney Newsletter Articles

Non-Probate Transfers

Non-Probate Transfers: TODS, PODS, and Beneficiary Designations

What are non-probate transfers? Non-probate transfers are transfers of ownership that occur upon the death of the owner without needing to go through the probate. These are codified by statute in the Uniform TOD Security Registration Act. Transfer on death designations (“TODs”), sometimes called pay on death designations (“PODs”) and beneficiary designations, are the most […]

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Planning for Medicaid with an Irrevocable Trust

Medicaid and Masshealth Planning to shelter your assets from Medicaid and Masshealth is a frequent concern of clients. I often receive questions from individuals regarding long term care costs such as nursing homes or assisted living facilities. They almost always end up involving a discussion about an Irrevocable Trust to protect assets from recovery by

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Why Estate Planning is Important for Blended Families

What is a Blended Family? An estate plan is an important asset for any family, but even more so when the spouses involved have children from previous relationships, we call these “blended” families. Decedents from blended families have a different set of intestate rules apply to them.  Typically, a blended family doesn’t realize that their

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