When you receive an inheritance from a loved one, or benefit from a trust established for you, it may feel like a gift. Being given a check or piece of property with no work required on your part is the kind of thing people daydream about. But when you’re named as a beneficiary in a trust or in someone’s will, it’s important to remember that you’re not really getting a gift—you have a legal right to those assets. There are a variety of laws around beneficiaries’ rights, and they vary somewhat from state to state. Here’s what you need to know about beneficiary rights in Massachusetts.
If you’re a beneficiary of a trust in Massachusetts:
If you’re named in the will of a Massachusetts decedent:
Understanding beneficiary rights in Massachusetts can get complicated, especially if you live in a different state from the trustee who manages your trust or the decedent who named you in their will. It’s hard to know whether you’re doing everything you’re supposed to be doing. To make sure you get everything you’re entitled to, we recommend talking to an estate planning attorney who is experienced with Massachusetts law around trusts and wills.
Ladimer Law can answer your questions about being a beneficiary in Massachusetts, and help you put your own estate plans in place so your beneficiaries get everything you want to leave for them. Contact me today with questions!
Jessica Pesce specializes in estate law and elder law. She has helped many people with their estate planning and tax planning since joining Ladimer Law in 2017. Jessica has been named a Rising Star by Super Lawyers three years running.
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Ladimer Law specializes in estate planning. We protect our clients, their heirs, and their assets by listening closely, knowing the law, and executing estate plans that fit and evolve.