Finances & Kids, Wills & Trusts - the Basics , , , , , ,

Massachusetts Probate Court to Lose 20% of Judges: What’s that mean for me?

Before the end of 2011, 20% of judges in the Massachusetts Probate & Family Court will be stepping down. Massachusetts Lawyers Weekly reports.

So what does this mean for me?

With significantly less Probate and Family Court judges, the Probate process will slow down dramatically, leaving your assets in probate for an extended period of time and in the hands of the remaining overwhelmed judges.

How do I pass down my assets to my children without being affected by the Probate Court?

Set up a Trust! Setting up a trust is the safest way to make sure your assets get to your children without entering Probate.

Why a Trust and not a Will?

A Will “comes to life” when you die and passes your property on through the Probate Court System. A Trust, or “living trust,” “comes to life” when your your still alive and after your death while avoiding Probate Court.

Who can help me set up a trust?

We can! At Phillips Garcia Law we specialize in protecting families by helping them legally pass down their assets in the safest and most precise way possible. Contact us using the Contact Form, call us at 508-998-0800, or email us at [email protected] As always, you can find out more information on protecting your family and creating Trusts at our website, www.phillipsgarcia.com.

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