Question: My mother established a nominee trust in 2005 when she was living at the time in Massachusetts. She placed my bother as the trustee. At the same time she established a revocable [...]

Question: I am the sole trustee and sole beneficiary of my deceased (2022) mom’s revocable realty trust. The property is located in Massachusetts. I live in Rhode Island. I have decided to [...]

Question: My mother, a Massachusetts resident, passed away in October 2022. She had an irrevocable trust, established June 2011. The only asset in the trust was her home, which was held in [...]

Question: In Massachusetts, does the schedule of beneficiaries have to be signed by the beneficiaries? Response: Typically, yes. But there’s actually no law on this. So the answer depends [...]

Question: Would a bank grant a refinancing or line of credit to the mortgage of a house held in a nominee realty trust? There are two people named on the schedule of beneficiaries. Response: [...]

Question: My brother and I are the trustees of a “Nominee Trust.” We sold the property held in the last month. The trustees and two other brothers, total four, are the beneficiaries [...]

Question: Is there a homestead law in Massachusetts? What are the pros and cons to register for homestead? When a house is in a nominee trust with two separate trusts (one for each child) listed [...]

Question: I am the trustee for a nominee trust that holds a family home and trustee for a family trust which is listed on the schedule of beneficiaries of the nominee trust. Do I need the [...]

Question: Do nominee realty trusts have to go through probate? Response: Theoretically, yes, but in practice, no. To understand this distinction, we’ll have to start with an explanation of [...]

Question: Which Massachusetts tax form do I file for a nominee real estate trust? The only income is interest earned of $1,600 from the proceeds sitting in a bank account until they were [...]