The Erskine Company

Estate Planning Attorneys, Attorneys, Bankruptcy Law Attorneys

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(508) 753-7100Call Visit WebsiteVisit Website Map & DirectionsDirections30 Highland StWorcester, MA 01609 Write a ReviewWrite Review

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Mon - Fri:	9:00 am - 5:00 pm

Places Near Worcester with Estate Planning Attorneys

Shrewsbury (8 miles)
North Grafton (9 miles)
Auburn (9 miles)
Leicester (9 miles)
Millbury (10 miles)
West Boylston (11 miles)
Holden (12 miles)
Grafton (12 miles)
Sutton (14 miles)
Northborough (14 miles)

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http://www.erskineco.com

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Estate Planning Attorneys, Attorneys, Bankruptcy Law Attorneys, Business Law Attorneys, Corporation & Partnership Law Attorneys, Criminal Law Attorneys, Divorce Attorneys, Estate Planning, Probate, & Living Trusts, Family Law Attorneys, General Practice Attorneys, Tax Attorneys, Wills, Trusts & Estate Planning Attorneys

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Phone: (508) 753-7100

Address: 30 Highland St, Worcester, MA 01609

Website: http://www.erskineco.com

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The Erskine Company

Divorce

Money Laundering
The purpose of the CTA is to detect and deter the use of US shell companies from being used for money laundering and hiding ill-gotten gains in US assets. This most famously came to light with the exposure of the Panama Papers. This is to be achieved by having a central registry of the information on every privately held corporation, LLC, LLP or other similar entity together with the information on every individual who has substantial control, ownership or filing responsibility for the company, either directly or indirectly. Most people I have spoken to about this find it hard to believe that the CTA will apply to them, as their company is a holding company for real estate, is a professional practice or is a Family Limited Partnership or other entity commonly used in estate planning. The CTA is precisely aimed at these sorts of entities and other owners. The amount of money laundered through the US is estimated to be as high as $300 billion but launderers break up these sums into much smaller amounts, even as small as $10,000. The CTA is deliberately written to sweep up all these small shell companies, but it will include small, Mom and Pop, operating businesses as well as the large, non-operating entities like those holding a vacation home or other real estate.

Business and Corporate Law

Mergers and Acquisitions
Business Transactions
Although commercial transactions with the Beneficiary are permitted, there is a presumption that even outside the Trust, the Trustee has undue influence over the Beneficiary. This presumption can be rebutted where the Beneficiary has been fully informed or has been receiving advice from a third party.

Immigration Law

Green Cards

Trusts and Estates

Estate Planning
Estate Administration is the process of transferring the ownership and control of your assets at your death. In some cases, where you owned the assets outright, the transfer is by your Will, which requires a probate procedure to be effective. For some, such as retirement accounts, life insurance policies, jointly owned property and trusts, not probate procedure is required. There is a short statute of limitations which applies to the creditors of a decedent so that any claims against the estate are barred after one year from the date of death. During that year, the following occurs.
Wills
+ What is probate? Probate is a court supervised procedure to identify all assets owned by a deceased person (a “decedent”), identify the decedent’s creditors and beneficiaries, and the distribution of assets accordingly. Probate is required whether you have a Last Will or not. Because probate is a formal court proceeding, with built-in waiting periods, a simple, uncontested probate can last 9-12 months or more and cost several thousands of dollars.
Trusts
A Revocable Trust, also called an inter vivos trust, a living trust, or a Grantor Trust, and is a trust over which the Grantor retains the right to revoke the transfer. As such they are not considered to be a completed gift and are disregarded for income tax purposes so long as the Grantor is alive. Once the Grantor gives up the right to revoke the trust, or dies, the gift is complete and the trust becomes an irrevocable trust.
Power of Attorney
It’s a common concern whether a parent, which through age or infirmity, is not getting bills paid. Worse yet is when they pay twice, pay incorrectly or are being scammed. For some clients, we use a financial power of attorney to have the ability to make financial decisions for a parent if he or she can’t. Day-to-day bills are equally important, maybe even more important than major financial decisions. You don’t want electricity, phone or cable has been turned off due to nonpayment, for example. Or that the rent or mortgage check hasn’t been sent.
Probate
The estate planning and execution area of practice includes evaluating the needs of all parties involved and creating documents and plans for assets, retirement, generational transfer, and wealth preservation. Sometimes known as probate law – the legal services we provide in this area – applies to Massachusetts.

Bankruptcy
Tax Law
Tax planning is often seen as a purely financial facet of planning your estate, leading to a great deal of difficulty in balancing your needs presently with saving in the future. Most financial planning firms and law offices tend to tip the scales in favor of savings, opting to minimize the tax impact of your estate at the expense of protecting control over your assets.

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