The Unique Challenge of Massachusetts Professional Corporation Shares In Massachusetts, professional corporation (PC) shares, such as those in a medical, legal, or dental practice, are subject to special ownership and transfer rules. Chapter 156A generally limits ownership and transfers to people or entities that qualify under the statute, and the applicable professional licensing board may […]
Massachusetts
Estate Planning for Physicians and Dentists: Protecting Your Professional Corporation (PCs) in Massachusetts
Owners of professional corporations (PCs), such as physicians, dentists, and other licensed professionals, face specific estate planning challenges in Massachusetts. The law restricts ownership of PC shares to licensed individuals, so a thoughtful plan is essential to ensure that your heirs receive the value of your business, even if they cannot legally own the shares […]
What Happens If You Die Without a Will in Massachusetts?
Dying without a will is known as dying intestate. Massachusetts law provides a default inheritance structure based on the relatives who survive you. Beneficiary designations, certain forms of joint ownership, and assets held in trust can still pass outside that process, which is why the complete estate plan matters more than the will alone. How […]