Legal Question in Family Law in Massachusetts

Re: real estate

There are several ways to achieve your goal. Each has potential tax consequences. What you intend to do should be part of a proper estate plan so you achieve your goal without unnecessarily complicating your life.

I would be happy to meet with you and go over your goals and intentions without obligation.

Re: real estate

This is a question best asked of an estate planner in the office, with all of the financial materials needed by the estate planner to accurately determine your needs, risks, and potential for taxation.

Re: real estate

Besides transferring ownership to the children now while leaving a life estate to your wife, you can create a trust for the benefit of your children and immediately transfer the real estate to the trust or you can create a testamentary trust so that the real estate would transfer to the trust upon your death.

Re: real estate

I will be happy to provide legal advice in office by appointment.

Re: real estate

transfer ownership to children reserving a life estate to wife

Re: real estate

You could either transfer the property to your children with a life estate retained by your wife, or you could create and transfer the property to a trust.

Please feel free to contact my office. I am located in Quincy.