OCL Attorneys to attend Northampton Chamber event

Northampton, MA Old Colony Law attorneys Claire Crowley and Ben Palkowski will be in attendance at the Greater Northampton Chamber of Commerce this evening at the Northampton Brewery.

If you are interested in meeting either Claire or Ben, please text 413-387-0080 before 4:00 p.m. Or simply find them there.

More information on the event can be found here, at the Greater Northampton Chamber of Commerce website.

More on Northampton

In addition to being Members of the Chamber, we are contributors to Northampton Living. Every few months, we offer our thoughts on an estate planning. Here are the topics we have covered to date:

What happens if you don’t have an estate plan?

In the article entitled The Best-Laid Plans Aren’t Left to the Commonwealth, we discuss what happens if you don’t have an estate plan.

How to minimize your estate tax

In the article entitled A Matter of Life and Death, we discuss the Federal Estate Tax and the Massachusetts estate tax (also known as the Death Tax).

This article was published prior to when the Massachusetts legislature increased the Massachusetts Estate Tax Exemption from $1 million to $2 million in 2023. We correctly predicted that the legislature would incorporate this change to the estate tax law as part of it’s comprehensive Massachusetts tax reform legislation.

Trust funds for education purposes

In the article entitled Your Estate Plan and the Gift of Education, we discuss how higher education considerations are incorporated into comprehensive estate planning.

We routinely craft Wills and Trusts that have higher education-specific provisions. Contrary to widespread belief, when trusts permit the payment for education expenses, such expenses do not always need to be for accredited post-secondary institutions. Oftentimes, we craft trusts that permit expenses towards trade schools or even the pursuit of business endeavors.

How to protect your child’s inheritance from a divorcing spouse

In an upcoming article, we will be discussing how you we use estate planning and trust drafting techniques to protect children’s inheritances from divorcing spouses.

With divorce rates as high as they are, we believe the estate planning process should include consideration as to whether an asset protection trust is advisable to help ensure that a future daughter- or son-in-law will be able to grab a child’s inheritance.

Old Colony Law’s attorneys practice estate planning in Western Massachusetts. The firm’s office is located in Hadley, which is adjacent to Northampton.