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Fegreus & Broderick

Fegreus & Broderick

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  • Services
    • Estate Planning
    • Probate and Estate Admin
    • Trustee Services
    • Litigation
    • Real Estate
  • The Firm
    • Michael Broderick
    • Edward Fegreus
    • Sydney Blomstrom
    • Tatiana Barsukova
  • Contact Us

The material on our web site has been prepared and published for informational purposes only. There is no effort or intention to solicit new clients or new engagements from existing clients by way of this web site; nor should any of the information published on the web site be construed as representing any of our lawyers’ availability to practice in jurisdictions where they are not authorized to do so.

 

None of these materials is offered, nor should be construed, as legal advice. Communication of information by or through this web site and your receipt or use of such information is not intended to create an attorney-client relationship with Fegreus & Broderick, LLP or any of the firm’s attorneys. The creation of the attorney-client relationship requires direct, personal contact between you and our firm through one or more attorneys and an explicit agreement by the firm that confirms that an attorney-client relationship is established and the terms of that relationship. You should not act or rely upon information contained in these materials without specifically seeking professional legal advice.

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Fegreus & Broderick, LLP

21 Custom House Street, Suite 480
Boston, Massachusetts 02110
t: (617) 737-9100 | f: (617) 737-9123
info@fegreuslaw.com

Probate involves a series of required legal steps, Probate involves a series of required legal steps, beginning with the Court’s appointment of a Personal Representative and continuing through administration and final distribution of assets.

Because the process includes statutory waiting periods, creditor claims, and formal approvals, estate administration often takes at least a year—and sometimes longer.

Understanding the process helps set realistic expectations. We are happy to answer questions about estate administration.
And to be safe, for fear the beneficiaries will st And to be safe, for fear the beneficiaries will still be able to upset our best efforts to protect them from themselves, we can include in the trusts we create a “spendthrift clause” which says, in effect, the beneficiaries cannot sell their interest in the trust, and so long as the Trustee continues to hold the assets, the beneficiaries’ shares are beyond the reach of their creditors, in whole or in part depending on how the trust is written. 

In other words, the beneficiary is not able to assign their right to trust property in exchange for chips at the casino or the new Porsche 911. 

Thinking about creating a trust for a beloved spendthrift in your life? We would be glad to chat.
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