Planning for Life

Does Pfannenstiehl Case Undermine Asset Protection in Massachusetts?

Posted by Harry S. Margolis on September 22, 2015

By Harry S. Margolis

An interesting court decision with an interesting name may undermine the efforts of parents to provide for their children and grandchildren while protecting their inheritance from lawsuits and in the event of divorce. In Pfannenstiehl v. Pfannenstiehl (Mass. App. Ct., Nos. 13-P-906, 13-P-686 & 13-P-1385, August 27, 2015), the Massachusetts Appeals Court ruled that a portion of a trust created by the parents of Curt Pfannenstiehl for his benefit and that of his siblings would be considered as a marital asset in his divorce from Diane Pfannenstiehl. This ruling, which undermines centuries of established trust law, was based in part on the equities of the situation and in part on a misunderstanding of wording commonly used in trusts.

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Topics: trusts, asset protection, divorce

How Do Divorce & Remarriage Affect Social Security Benefits?

Posted by Sarah Foster on October 18, 2013

By Sarah Foster

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Topics: divorce, social security, Estate Planning

Modern Marriage for Seniors and Soon-to-be-Seniors (Baby Boomers)

Posted by Harry S. Margolis on February 9, 2011

boomer weddingBy Harry S. Margolis

My client’s wife, a retired attorney and business owner, unfortunately suffers from Alzheimer’s disease. He visits her almost every day in the special assisted living dementia unit where she lives.

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Topics: baby boomers, seniors, divorce, dementia, MassHealth planning, Estate Planning

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