Key Points:
A Massachusetts real estate trust is a tool, not a default, it makes sense only if it matches your goals (probate avoidance, privacy, incapacity planning, control, tax, or protection). Probate avoidance is the biggest driver: a properly funded trust (deed transferred...
Imagine this: after decades of hard work, you've built a successful business, acquired valuable property, and secured financial assets to provide for your family. But what happens to all that wealth when you're no longer around? Will it simply be divided up, leaving your children and grandchildren scrambling for their share? Or...
Key Points:
Secured vs. unsecured drives everything: collateral-backed claims typically have priority, unsecured claims depend on what is left. Priority controls recovery: secured creditors are paid from collateral value first, unsecured creditors share any remaining assets, if any. Collateral must...
As AI tools become more common in business for content creation, marketing, design, or automation, company owners need to understand how copyright law treats AI-generated content. Under current U.S. law, works created solely by AI generally cannot be copyrighted. However, content that combines meaningful human creativity with AI assistance may still...
Tracy A. Craig was quoted in WSJ Buy Side in an article focused on how to choose a life insurance beneficiary, and what to consider when naming an individual, a trust, an estate, or a charity. The piece highlights how beneficiary decisions can affect control, timing, and administration, especially when family circumstances...
A personal guarantee makes an individual personally responsible for a business loan if the business cannot repay it. This means the lender may pursue personal assets such as bank accounts, wages, or property to satisfy the debt. Before signing, business owners should understand how guarantees affect liability, how they can be...
Picture this: a Massachusetts-based startup has developed a new software tool that automates customer service responses using proprietary algorithms. A larger tech company wants to integrate the tool into its own platform. Instead of selling the technology outright, the startup decides to license it. That decision could shape the company’s growth—and its...
Tracy A. Craig was quoted in WSJ Buy Side in an article examining how life insurance can be used as a strategic estate-planning tool. The piece discusses common planning objectives such as providing liquidity, supporting long-term family goals, and integrating policy design into a broader wealth and legacy plan.
