Mitchell Freedman

Many people who agree to become trustees are unaware that trustee liability insurance is available, or for that matter, the reasons they may need it. So, before describing what trustee liability insurance is and the important protection it provides, let’s first review the obligations a professional trustee has to the trust’s beneficiaries. Simply put, a […]

In spring 2010, a freak rainstorm pounded the Boston region and produced unprecedented flood damage in areas where flooding rarely occurs. Some of the hardest hit properties were in affluent neighborhoods, and many of the owners found themselves severely undercovered for flood damage. Most of us, when we hear the word “flood,” think of rivers […]

Without question, an invitation to join the board of a corporation peopled by friends and colleagues, or a not-for-profit organization with a mission you support, is hard to resist. But before you accept, I caution you to think of being on a board not as a benign hobby-like activity, but as a business deal. In […]

In our experience, personalities of high net worth individuals range from the overly cautious to the cavalier. Perhaps not surprisingly, the cautious client will opt for maximum coverage and the cavalier client will keep coverage to a minimum. “If it happens, it happens,” this client might say. But if you are like most people, you […]

To accurately estimate the insurance necessary to rebuild your home, plan for the worst. That is, assume a total loss of your home from a catastrophic event like Hurricane Sandy or an unstoppable fire. Next, do not assume that your existing insurance policy will cover a ground-up reconstruction, particularly for a higher-value home. To make […]