Posts by Frank Grimaldi

Frank Grimaldi

19 posts

ELIMINATING THE “STEPPED-UP BASIS” WILL HURT MIDDLE-INCOME EARNERS TOO

April 29, 2021

To help fund $1.5 trillion dollars in new spending, President Biden wants to eliminate the “stepped-up basis” applied to inherited assets. The President is selling this as a tax on “the rich.” However, contrary to what the President, Senator Warren and others say, eliminating the “stepped-up basis” will definitely be detrimental and costly for middle…

You can make a will during Coronavirus

March 30, 2020

Frank Grimaldi

Asset Protection, Estate Planning, Wills

Even during social distancing and shelter-in-place, Attorney Frank V. Grimaldi can make you a legally valid Massachusetts will. If this is something you’ve been thinking about, please call at (617) 876-1111. Although old age may be far down the road, you need a will to distribute your assets the way you want them to be…

Divorce – Frequently Asked Questions

February 26, 2020

Frank Grimaldi

Divorce/Separation, FAQs

Divorce

1. HOW LONG DOES IT TAKE TO GET A DIVORCE IN MASSACHUSETTS? It depends on the circumstances. The best case is if divorce is uncontested, meaning the parties are in agreement on all issues. The parties can file the required paperwork at the Probate Court and in some counties can be heard by a Judge…

Petition to Partition

August 23, 2019

Frank Grimaldi

Real Estate

What if one co-owner of real estate wants to sell, and the other co-owner does not? When Real Estate Owners Cannot Agree Short answer: Petition to Partition. Owning real estate, just land or land with improvements is desired by many. Although ownership of real estate is considered an asset, it often entails obligations, such as…

Division of Assets in Divorce Proceedings

April 8, 2019

Frank Grimaldi

Divorce/Separation

Marital property is defined as all the assets, real estate, interests, etc. obtained during the marriage. This includes the marital home, investment properties, bank accounts (regardless of whether they were individually or jointly held), retirement accounts, vehicles (even if they are currently financed), personal property (furniture, jewelry, etc.), and everything else you may have come…

Legal Aspects of Divorce in Massachusetts

February 20, 2019

Frank Grimaldi

Divorce/Separation

Fault and No-Fault Divorce in Massachusetts Divorce is the legal termination of a marital union by a court in a legal proceeding. All divorce involves a party’s petition or complaint for divorce. Laws guiding the process of divorce vary from state to state. Historically, a party had to prove the other party was at fault…

Alimony by the Numbers

February 5, 2019

Frank Grimaldi

Divorce/Separation

How much alimony will I need to pay/how much alimony will I receive? If you are contemplating divorce, one of the many issues of concern is alimony. Massachusetts General Laws define alimony as “the periodic payment of support to a recipient spouse who is economically dependent. “ Although the Probate Court Judges are given discretion…

Obtaining Guardianship to Authorize Transfer to Nursing Home

March 30, 2016

Frank Grimaldi

Guardianship, Health Care Proxy, Legal Documents

Question: My Mother was admitted to a Dementia Unit at our local hospital. She does not have a Health Care Proxy or a Durable Power of Attorney. The hospital tells me that the long term care facilities will not accept my Mother without these documents. What should we do? Do we need a lawyer? Answer…

Durable Power of Attorney – Frequently Asked Questions

February 17, 2016

Frank Grimaldi

Estate Planning, FAQs

Durable Power of Attorney

1. What is a Durable Power of Attorney? It is a piece of paper that gives a person of your choosing permission to discuss and make financial and some legal decisions on your behalf. This document is used when you, because of illness or accident are deemed incompetent and are unable to communicate these decisions…

Health Care Proxy – Frequently Asked Questions

February 17, 2016

Frank Grimaldi

FAQs, Health Care Proxy

1. What is a Health Care Proxy? It is a piece of paper that gives a person of your choosing permission to discuss and make health care decisions on your behalf. 2. So, is that different than a Power of Attorney? Yes, a Power of Attorney is a piece of paper that gives a person…